File #: R-2021-60    Version: 1 Name: Appropriation to use funds paid by insurance companies
Type: Resolution Status: Passed
File created: 10/15/2020 In control: City Council
On agenda: 10/27/2020 Final action: 10/29/2020
Title: RESOLUTION R-2021-60: A RESOLUTION OF THE COUNCIL OF THE CITY OF NORMAN, OKLAHOMA, APPROPRIATING $19,327.30 FROM THE REFUNDS REIMBURSEMENTS MISCELLANEOUS RISK MANAGEMENT ACCOUNT RECEIVED FROM INSURANCE COMPANIES TO REPAIR AND REPLACE DAMAGED TRAFFIC SIGNAL EQUIPMENT OR TRAFFIC SIGNS DAMAGED IN TRAFFIC COLLISIONS.
Attachments: 1. City Council Staff Report, 2. R-2021-60
Title
RESOLUTION R-2021-60: A RESOLUTION OF THE COUNCIL OF THE CITY OF NORMAN, OKLAHOMA, APPROPRIATING $19,327.30 FROM THE REFUNDS REIMBURSEMENTS MISCELLANEOUS RISK MANAGEMENT ACCOUNT RECEIVED FROM INSURANCE COMPANIES TO REPAIR AND REPLACE DAMAGED TRAFFIC SIGNAL EQUIPMENT OR TRAFFIC SIGNS DAMAGED IN TRAFFIC COLLISIONS.

Body
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 January 17, 2020, a traffic collision occurred on North Interstate Drive north of Pheasant Run Road causing damage to a streetlight pole. The responsible driver was identified for collection purposes. City forces repaired the damage at the location. On August 11, 2020, a $5,207.07 check was collected from the insurance company for the responsible party. The check was deposited into the Refunds/Reimbursements Risk Management account.

On February 23, 2020, a traffic collision occurred at the State Highway 9 intersection with Imhoff Road causing damage to a pedestrian pedestal pole assembly. The responsible driver was identified for collection purposes. City forces repaired the damage at the location. On August 12, 2020, a check in the amount of $1,159.34 was collected from the driver's employment company for the damages. The check was deposited into the Refunds/Reimbursements Risk Management account.

On December 11, 2019, a tr...

Click here for full text