ROSWELL NEW MEXICO
COMMITTEE AGENDA ITEM ABSTRACT
COMMITTEE AGENDA ITEM ABSTRACT
10.
Finance Committee
- Meeting Date:
- 05/01/2025
COMMITTEE:
Finance
CONTACT:
Elizabeth Nulf
CHAIR:
Robert B. Corn
ACTION REQUESTED:
Requesting approval of the Letter of Engagement and promissory note for DRS, Disaster Recovery Services, for phase II insurance and FEMA claims recovery consulting. (Rogers)
BACKGROUND:
Initiated by: Mac Rogers
This item is requesting approval of the Letter of Engagement and promissory note for DRS, Disaster Recovery Services, for phase II insurance and FEMA claims recovery consulting. These Services will be procured through HGAC Contract #HP08-21. The first phase of the DRS services was provided through a grant from SENMEDD. Per the attached promissory note, Synergy Disaster Solutions will provide the funding for DRS's services, and the City will reimburse Synergy upon receipt of FEMA Category Z administrative funding proceeds available from FEMA. DRS has an in depth understanding of the City's damages sustained from our recent flooding and has played a critical role in helping the City understand our insurance coverage options and FEMA's public assistance program.
This item is requesting approval of the Letter of Engagement and promissory note for DRS, Disaster Recovery Services, for phase II insurance and FEMA claims recovery consulting. These Services will be procured through HGAC Contract #HP08-21. The first phase of the DRS services was provided through a grant from SENMEDD. Per the attached promissory note, Synergy Disaster Solutions will provide the funding for DRS's services, and the City will reimburse Synergy upon receipt of FEMA Category Z administrative funding proceeds available from FEMA. DRS has an in depth understanding of the City's damages sustained from our recent flooding and has played a critical role in helping the City understand our insurance coverage options and FEMA's public assistance program.
FINANCIAL CONSIDERATION:
Funding provided through FEMA Category Z reimbursement.
LEGAL REVIEW:
Not applicable for this agenda item.
BOARD AND COMMITTEE ACTION:
This is the first council consideration of this item.
STAFF RECOMMENDATION:
Staff recommends approval of agreement.