File #: R-1920-99    Version: 1 Name: Appropriation to use funds paid by insurance companies
Type: Resolution Status: Passed
File created: 2/26/2020 In control: City Council
On agenda: 3/24/2020 Final action: 3/24/2020
Title: RESOLUTION R-1920-99: A RESOLUTION OF THE COUNCIL OF THE CITY OF NORMAN, OKLAHOMA, APPROPRIATING $21,167.86 RECEIVED FROM INSURANCE COMPANIES FROM THE RISK MANAGEMENT MISCELLANEOUS REIMBURSEMENTS/REFUNDS ACCOUNTS TO REPAIR AND REPLACE DAMAGED TRAFFIC SIGNAL EQUIPMENT OR TRAFFIC SIGNS DAMAGED IN TRAFFIC COLLISIONS.
Attachments: 1. City Council Staff Report, 2. R-1920-99
Title
RESOLUTION R-1920-99: A RESOLUTION OF THE COUNCIL OF THE CITY OF NORMAN, OKLAHOMA, APPROPRIATING $21,167.86 RECEIVED FROM INSURANCE COMPANIES FROM THE RISK MANAGEMENT MISCELLANEOUS REIMBURSEMENTS/REFUNDS ACCOUNTS 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 4, 2019, a traffic collision occurred on the east side of Interstate 35 just north of Robinson Street causing damage to a street light pole. The responsible driver was identified for collection purposes. City forces repaired the damage at the location. On August 15, 2019, a $6,133.69 check was collected from the insurance company for the responsible party. The check was deposited into the Refunds/Reimbursements Risk Management account.

On April 29, 2019, a traffic collision occurred on Denison Drive west of Berry Road causing damage to a Bike Route sign installation. The responsible driver was identified for collection purposes. City forces repaired the damage at the location. On August 26, 2019, a check in the amount of $188.02 was collected from the driver's employment company for the damages. The check was deposited into the Refunds/Reimbursements Risk Management account.

On May 15, 2018, a traffic collision occurre...

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