Title
RESOLUTION R-1819-49: A RESOLUTION OF THE COUNCIL OF THE CITY OF NORMAN, OKLAHOMA, APPROPRIATING $45,514.89 FROM REFUNDS REIMBURSEMENTS MISCELLANEOUS RISK MANAGEMENT ACCOUNT RECEIVED FROM INSURANCE COMPANIES AND THE RESPONSIBLE PARTY TO REPAIR AND REPLACE TRAFFIC SIGNAL EQUIPMENT, TRAFFIC SIGNS, AND PARKING METERS 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 November 14, 2017, a traffic collision occurred near the intersection of State Highway 9 and 156th Avenue NE causing damage to an advance intersection warning beacon. The responsible driver was identified for collection purposes. City forces repaired the damage at the location. On April 9, 2018, a $4,052.37 check was collected from the insurance company for the responsible party. The check was deposited into the Refunds/Reimbursements Risk Management account.
On November 14, 2017, a traffic collision occurred on the southbound I-35 off-ramp at Main Street causing damage to a street light assembly. The responsible driver was identified for collection purposes. A contractor was obtained to perform the necessary repairs at this location. On April 16, 2018, a check in the amount of $8,657.07 was collected from the insurance company for the responsible party. The check was deposited into the Refund...
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