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RESOLUTION R-1718-63: A RESOLUTION OF THE COUNCIL OF THE CITY OF NORMAN, OKLAHOMA, APPROPRIATING $29,843.37 FROM THE REFUNDS REIMBURSEMENTS MISCELLANEOUS RISK MANAGEMENT ACCOUNT 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 $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 February 9, 2017, a traffic collision occurred in the 800 block of Classen Boulevard causing damage to an End School Zone sign installation. The responsible driver was identified for collection purposes. City forces repaired the damage at the location. On April 13, 2017, a $190 check was collected from the responsible party. The check was deposited into the Refunds/Reimbursements Risk Management account.
On July 17, 2016, a traffic collision occurred near the intersection of Jenkins Avenue and Stephenson Parkway causing damage to a street light assembly. The responsible driver was identified for collection purposes. A contractor repaired the damage for the City at this location. On May 1, 2017, a $1,885.32 check was collected from the insurance company of the responsible party. The check was deposited into the Refunds/Reimbursements Risk Management account.
On July 5, 2017, a traffic collision occurred at the intersection of Peters...
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