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RESOLUTION R-1516-92: A RESOLUTION OF THE COUNCIL OF THE CITY OF NORMAN, OKLAHOMA, APPROPRIATING $4,875.93 FROM RISK MANAGEMENT MISCELLANEOUS REIMBURSEMENTS/REFUNDS ACCOUNTS RECEIVED FROM INSURANCE COMPANIES TO REPAIR AND REPLACE TRAFFIC SIGNAL EQUIPMENT AND TRAFFIC SIGNS 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 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 $50,000 in the Division's operating budget (approximately $1.67 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 November 13, 2014, a traffic collision occurred on Acres Street at Berry Road 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 June 11, 2015, a $182.54 check was collected from the insurance company for the responsible party for the collision at this location. The check was deposited into the Refunds/Reimbursements Risk Management account.
On March 30, 2015, a traffic collision occurred near 8500 Alameda Drive causing damage to two sign assemblies. The responsible driver was identified for collection purposes. City forces repaired the damage at this location. On June 30, 2015, a $243.42 check was collected from the responsible party at this location. The check was deposited into the Refunds/Reimbursements Risk Management account.
On May 5, 2015, a traffic collision occurred near t...
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