Title
RESOLUTION R-1617-100: A RESOLUTION OF THE COUNCIL OF THE CITY OF NORMAN, OKLAHOMA, APPROPRIATING $3,870.79 FROM THE RISK MANAGEMENT FUND BALANCE RECEIVED FROM INSURANCE COMPANIES TO REPAIR AND REPLACE TRAFFIC SIGNAL EQUIPMENT AND TRAFFIC SIGNS DAMAGED IN TRAFFIC ACCIDENTS.
Body
BACKGROUND: The City's Traffic Control Division maintains more than 170 traffic and pedestrian signals citywide using $105,291 in the Division's operating budget (approximately $620 per signalized intersection per year). These funds are used for the purchase of replacement traffic signal system components needed for the safe and efficient operation of our traffic signals. In addition, the Division also maintains approximately 30,000 traffic control signs throughout the City of Norman using $44,480 in the Division's operating budget (approximately $1.49 per sign per year). These funds are used for the purchase of the replacement sign components needed for the safe and efficient navigation of our roadways.
On August 27, 2015, a traffic collision occurred at the intersection of Lindsey Street and Oakhurst Avenue causing damage to traffic signal equipment at the intersection. The responsible driver was identified and the insurance company information obtained for collection purposes. City forces repaired the damage at the intersection. On June 14, 2016, a $319.56 check was collected from the insurance company of the responsible party. The check was deposited into the Refunds/Reimbursements Risk Management account.
On June 1, 2016, a traffic collision occurred near the intersection of Constitution Street and Oak Tree Avenue causing damage to a sign assembly. The responsible driver was identified for collection purposes. A contractor repaired the damage for the City at this location. On August 1, 2016, a $141.36 check was collected from the insurance company of the responsible party. The check was deposited into the Refunds/Reimbursements Risk Management account.
On May 21...
Click here for full text