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RESOLUTION R-1516-4: A RESOLUTION OF THE COUNCIL OF THE CITY OF NORMAN, OKLAHOMA, APPROPRIATING $11,320.63 RECEIVED FROM INSURANCE COMPANIES FROM RISK MANAGEMENT MISCELLANEOUS REIMBURSEMENTS/REFUNDS ACCOUNTS 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 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 October 18, 2014, a traffic collision occurred on Webster Avenue at Comanche Street 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 January 9, 2015, a $98.10 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 November 2, 2014, a traffic collision occurred at the intersection of State Highway 9 and Chautauqua Avenue causing damage to pedestrian signal equipment. The responsible driver was identified and the insurance company information obtained for collection purposes. City forces repaired the damage at this location. On January 9, 2015, a $1,470.14 check was collected from the insurance company for the responsible party at th...
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