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RESOLUTION R-1819-80: A RESOLUTION OF THE COUNCIL OF THE CITY OF NORMAN, OKLAHOMA, APPROPRIATING $11,615.52 FROM THE REFUNDS REIMBURSEMENTS MISCELLANEOUS RISK MANAGEMENT ACCOUNT RECEIVED FROM INSURANCE COMPANIES AND THE RESPONSIBLE PARTY 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 March 9, 2018, a traffic collision occurred at 1415 West Main Street causing damage to a street light. The responsible driver was identified for collection purposes. City forces repaired the damage at the location. On November 27, 2018, a $310.42 check was collected from the insurance company for the responsible party. The check was deposited into the Refunds/Reimbursements Risk Management account.
On March 22, 2018, a traffic collision occurred at the roundabout at the Corporate Centre Drive and Interstate Drive intersection causing damage to a roundabout directional sign. The responsible driver was identified for collection purposes. City forces repaired the damage at the location. On January 23, 2019, a check in the amount of $116.47 was collected from the insurance company for the responsible party. The check was deposited into the Refunds/Reimbursements Risk Management account.
On December 5, 2018, a t...
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