File #: R-2021-104    Version: 1 Name: Re-Appropriation of Funds from Traffic Collisions
Type: Resolution Status: Passed
File created: 3/10/2021 In control: City Council
On agenda: 4/13/2021 Final action: 4/13/2021
Title: RESOLUTION R-2021-104: A RESOLUTION OF THE COUNCIL OF THE CITY OF NORMAN, OKLAHOMA, APPROPRIATING $17,865.49 FROM THE REFUNDS REIMBURSEMENTS MISCELLANEOUS RISK MANAGEMENT ACCOUNT RECEIVED FROM INSURANCE COMPANIES TO REPAIR AND REPLACE TRAFFIC SIGNAL EQUIPMENT OR TRAFFIC SIGNS DAMAGED IN TRAFFIC COLLISIONS.
Attachments: 1. City Council Staff Report, 2. R-2021-104
Title
RESOLUTION R-2021-104: A RESOLUTION OF THE COUNCIL OF THE CITY OF NORMAN, OKLAHOMA, APPROPRIATING $17,865.49 FROM THE REFUNDS REIMBURSEMENTS MISCELLANEOUS RISK MANAGEMENT ACCOUNT RECEIVED FROM INSURANCE COMPANIES TO REPAIR AND REPLACE 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 July 1, 2020, a traffic collision occurred at the 36th Avenue SE intersection with Alameda Street causing damage to a STOP sign installation. The responsible driver was identified for collection purposes. City forces repaired the damage at the location. On November 13, 2020, a $167.60 check was collected from the insurance company for the responsible party. The check was deposited into the Refunds/Reimbursements Risk Management account.

On October 25, 2020, a traffic collision occurred on the northbound I-35 off-ramp at the Main Street interchange causing damage to a streetlight assembly. The responsible driver was identified for collection purposes. City forces repaired the damage at the location. On November 16, 2020, a check in the amount of $6,501.79 was collected from the driver's employment company for the damages. The check was deposited into the Refunds/Reimbursements Risk Management account.

On September 25, 2020, a traffi...

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