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RESOLUTION NO. R-1415-8: A RESOLUTION OF THE COUNCIL OF THE CITY OF NORMAN, OKLAHOMA, APPROPRIATING $22,159.91 RECEIVED FROM INSURANCE COMPANIES FROM THE RISK MANAGEMENT FUND BALANCE TO REPAIR AND REPLACE TRAFFIC SIGNAL EQUIPMENT AND STREET 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. When a traffic signal is damaged from a collision, it is generally repaired by City forces before funds have been collected from the responsible party. The Legal Department pursues payment for the damage from either the responsible party or his or her insurance company and upon collection, these funds are deposited into the Miscellaneous Risk Management revenue account.
On March 21, 2012, a traffic collision occurred on I-35 near the Robinson Street exit causing damage to a roadway luminaire. The responsible driver was identified and the insurance company information obtained for collection purposes. City forces repaired the damage at the intersection. On March 17, 2014, a $2,156.23 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 revenue account.
On June 5, 2013, a traffic collision near the intersection of Tecums...
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