Torrance

City Council

April 25, 2023 Order of Business 8 #B

Agenda Item B

8B. Finance and Transit - Authorize Annual Membership Contribution for California\nTransit Indemnity Pool (CalTIP). Expenditure: Not-to-Exceed $620,631\n(Non-General Fund).\nRecommendation of the Finance Director and Transit Director that City Council authorize\nthe annual membership contribution for California Transit Indemnity Pool (CalTIP) for an\namount not-to-exceed $620,631 for a one-year period beginning May 1, 2023 and ending\nMay 1, 2024.