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RESOLUTION R-1819-93: A RESOLUTION OF THE COUNCIL OF THE CITY OF NORMAN, OKLAHOMA, APPROPRIATING $56,261.24 FROM THE REFUNDS REIMBURSEMENTS MISCELLANEOUS RISK MANAGEMENT ACCOUNT RECEIVED FROM INSURANCE COMPANIES AND THE RESPONSIBLE PARTY TO REPAIR AND REPLACE TRAFFIC SIGNAL EQUIPMENT 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.
On December 23, 2018, a traffic collision occurred at the Main Street intersection with Ed Noble Parkway causing damage to a traffic signal pedestal pole on the northeast corner of the intersection. The responsible driver was identified for collection purposes. City forces repaired the damage at the location. On February 11, 2019, a $1,640.44 check was collected from the insurance company for the responsible party. The check was deposited into the Risk Management Fund, Refunds/Reimbursements account.
On June 25, 2018, a traffic collision occurred at the State Highway 9 intersection with Berry Road causing damage to the traffic signal and battery back-up cabinets. The responsible driver was identified for collection purposes. City forces repaired the damage at the location. On February 27, 2019, a check in the amount of $25,000.00 was collected from the insurance company for the responsible party to pay toward the damages incurred. Based upon the insured's policy, this represents the maximum the City could collect. The check was deposited into the Refunds/Reimbursements Risk Management account.
On January 18, 2019, a traffic collision occurred at the State Highway 9 intersection with 12th Avenue SE causing damage to the traffic signal and battery back-up cabinet...
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