Adoption of a Resolution Approving the Amended Joint Powers Agreement Forming the California Transit Systems Joint Powers Authority. City of Culver City California Agenda Item Report Item Number: C 8 Meeting Date: 9/26/11 CITY COUNCIL AGENDA ITEM: Adoption of a Resolution Approving the Amended Joint Powers Agreement Forming the California Transit Systems Joint Powers Authority Contact Person/Dept.: Art Ida /Transportation Fiscal Impact: Yes No X General Fund: Yes No X Phone Number: 310 253 6535 Public Hearing: Action Item: Attachments: X Commission Action Required: Yes No X Date: _______________ Public Notification: Agenda and Meetings City Council (09/21/11) Department Approval: Art Ida (9/1/2011) Chief Financial Officer Approval: Jeff Muir (by M. Noller) (09/20/11) City Attorney Approval: Carol Schwab (by H. Baker) (09/19/11) City Manager Approval: John M. Nachbar (09/20/11) RECOMMENDATION: Staff recommends the City Council adopt a resolution approving the amended joint powers agreement forming the California Transit Systems Joint Powers Authority. BACKGROUND: On April 20 1987 the City Council authorized the City of Culver Cityto join the California Transit Systems Joint Powers Authority (CalTIP or Authority) to obtain liability coverageand risk management services through jointly pooling resources with the other transit agencies that are members of the Authority. CalTIP has provided competitive and stable rates and needed risk management services over the years. CalTIP as were many other self insurance pools was formed in 1987 during a time when public entities found it difficult to obtain coverage from the insurance market. Although the difficulty of obtaining insurance from the standard markets eventually waned the coverage provided by the insurance industry usually was not tailored to the specific needs of public entities and did not provide tailored risk management services. CalTIP was formed through the execution of a joint powers agreement (Agreement) by ea...
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