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Farragut wing reconstruction largely insurance-funded; district projects net cost around $800,000 after aid
Summary
District officials said insurance proceeds cover about 95% of flood-related damage to the Farragut wing; after expected New York State building-aid (about 42.4% on noninsurance costs) and in-house savings, the net district cost is anticipated around $800,000 and reoccupation is targeted for January.
Maureen Carbolo, a district leader identified in the meeting, and other administrators told the Board on Oct. 7 that reconstruction of the 18,000-square-foot Farragut wing (flood-damaged and gutted earlier) is progressing and that lead-times for HVAC and fire-suppression work determined the schedule.
Maureen Carbolo said the insurance claim proceeds will cover roughly 95% of the damage claim, and that some of the remaining district costs will be eligible for New York State building aid. "You can, of course, not get building aid on insurance proceeds. We will be able to submit this and receive the 42.4% back on anything outside of that insurance," she said. After accounting for expected aid and the district's in-house savings (roughly $1.2 million on electrical work performed by district staff), administrators estimated a net district cost of roughly $800,000.
Officials attributed earlier slips in scheduling to long lead times for unit ventilators (UVs), challenges securing specialized HVAC subcontractors, and a lengthy submittal-and-review process for complex systems such as fire suppression and unit ventilators. The district reported that unit ventilators and other long-lead mechanicals are ordered or have submittals approved, crews are on site, and weekly project meetings have moved from biweekly to weekly as activity has increased.
Bill (speaker 4) and Maureen described several contingencies that could add modest sums later if preexisting conditions are found during reconstruction; administrators said they would report minor changes to the board as they arise. The district is preparing a phased re-entry plan and expects to have the wing substantially complete and reoccupied by January, subject to final deliveries and any additional minor preexisting repairs.
Board members and administrators emphasized the dual result of the insurance-driven restoration: replacing an aged, 80-year-old fire-suppression system (the likely root cause of the flood) and accomplishing necessary upgrades that otherwise would have been costly if done as separate projects. Carbolo noted that had the fire-suppression work been done stand-alone later, it could have cost three to five times as much.
