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RESOLUTION R-2021-25: A RESOLUTION OF THE COUNCIL OF THE CITY OF NORMAN, OKLAHOMA, APPROPRIATING $49,565.78 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.
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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 June 19, 2019, a traffic collision occurred at 250 12th Avenue NE causing effected streets to be barricaded. The responsible driver was identified for collection purposes. City forces installed and removed the barricades at the location. On March 3, 2020, a $252.63 check was collected from the insurance company for the responsible party. The check was deposited into the Refunds/Reimbursements Risk Management account.
On January 22, 2020, a traffic collision occurred on the Main Street exit from I-35 causing damage to a street light pole. The responsible driver was identified for collection purposes. City forces contracted the repairs of the damage at the location. On March 9, 2020, a check in the amount of $3,465.12 was collected from the driver's employment company for the damages. The check was deposited into the Refunds/Reimbursements Risk Management account.
On February 17, 2020, a traffic collision occurred at the inter...
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