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RESOLUTION R-1415-69: A RESOLUTION OF THE COUNCIL OF THE CITY OF NORMAN, OKLAHOMA, APPROPRIATING $14,581 RECEIVED FROM INSURANCE COMPANIES FROM RISK MANAGEMENT MISCELLANEOUS REIMBURSEMENTS/REFUNDS ACCOUNTS TO REPAIR AND REPLACE DAMAGED TRAFFIC SIGNAL EQUIPMENT DAMAGED IN TRAFFIC ACCIDENTS.
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BACKGROUND: The City's Traffic Control Division maintains more than 170 traffic and pedestrian signals citywide using $85,000 in the Division's operating budget (approximately $500 per signalized intersection per year). These funds are used for the purchase of the various replacement traffic signal system components necessary 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 $50,000 in the Division's operating budget (approximately $1.67 per sign per year). These funds are used for the purchase of the various replacement sign components necessary for the safe and efficient navigation of our roadways.
On March 9, 2013, a traffic collision occurred on Franklin Road east of Porter Avenue causing damage to a sign assembly. The responsible driver was identified and the insurance company information obtained for collection purposes. City forces repaired the damage at the intersection. On July 10, 2014, a $149.47 check was collected from the insurance company for the responsible party for the collision at this location. The check was deposited into the Miscellaneous Risk Management account.
On January 19, 2014, a traffic collision at the intersection of Oakhurst Avenue and Whiteoak Circle causing damage to a sign assembly. The responsible driver was identified and the insurance company information obtained for collection purposes. City forces repaired the damage at this location. On July 31, 2014, a $298.12 check was collected from the insurance company for the responsible party at this location. The check was deposited int...
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