The city's contract with Redflex is strictly a revenue-sharing agreement, while the company retains ownership of all cameras and related equipment now installed among 15 city intersections - equipment that Redflex will remove when the contract ends.
Citations to red-light runners caught on camera are $50 each. Under the contract terms, the city receives 15 percent of the monthly revenues generated by each individual camera, up to $4,500. Any monthly per-camera revenues beyond that are split 50-50.
Last year, Redflex earned $1,644,718.90 in Knoxville, and another $955,013.70 was generated for the city's general fund. The company has earned more than $3 million locally since its first Knoxville camera was installed in April 2006.
Mills added that, as negotiations continue with Lasercraft, the city expects that the new contract terms "would not be any less advantageous to the city."