Torrance
City Council
Agenda Item B
8B. Finance and Transit — Approve Annual Membership Renewal with California\nTransit Indemnity Pool (CalTIP) for Program Year 2024-25. Expenditure:\nNot-to-Exceed $543,193 (Non-General Fund).\nRecommendation of the Finance Director and Transit Director that City Council approve\nthe annual membership renewal with California Transit Indemnity Pool (CalTIP) for an\namount not-to-exceed $543,193 for a one-year period beginning May 1, 2024, and ending\nMay 1, 2025.