title
CC - Adoption of a Resolution Approving the Amended Joint Powers Agreement Forming the California Transit Systems Joint Powers Authority.
body
Meeting Date: July 8, 2019
Contact Person/Dept: Jane Leonard/Transportation Department
Phone Number: (310) 253-6523
Fiscal Impact: Yes [] No [X] General Fund: Yes [] No [X]
Public Hearing: [] Action Item: [] Attachments: [X]
Commission Action Required: Yes [] No [X] Date:
Public Notification: (E-Mail) Meetings and Agendas - City Council (07/02/19);
Department Approval: Art Ida, Transportation Director (06/20/19)
_____________________________________________________________________
RECOMMENDATION
Staff recommends the City Council adopt a Resolution approving the amended Joint Powers Agreement forming the California Transit Systems Joint Powers Authority.
BACKGROUND/DISCUSSION
On April 20, 1987, the City Council authorized the City of Culver City to join the California Transit Systems Joint Powers Authority (CalTIP or Authority) to obtain liability coverage and risk management services through jointly pooling resources with the other transit agencies that are members of the Authority. The City of Culver City subsequently added vehicle physical damage to its coverage package. CalTIP has provided competitive rates and needed risk management services over the years. As were many other self-insurance pools, CalTIP was formed in 1987 during a difficult time for public entities 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 the public entities and did not provide the tailored risk management services.
CalTIP was formed with the signing of a Joint Powers Agreement by each of its members. The Agreement was drafted in 1987 and was last amended in May 2011 to align the doc...
Click here for full text