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0 <br />RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHARLOTTESVILLE <br />AUTHORIZING MEMBERSHIP IN THE <br />VIRGINIA TRANSIT LIABILITY POOL <br />WHEREAS, the City of Charlottesville, (the "Applicant") wishes to join <br />with other political subdivisions to establish the Virginia Transit <br />Self -Insurance Association ("Association") to create pools to jointly <br />and cooperatively self -insure and to pool the separate risks and liabilities <br />of the individual members pursuant to the terms of Chapter 11.1 of Title <br />15.1 of the Code of Virginia (the "Act"); and <br />WHEREAS, through such Association, the Applicant wishes to join with <br />other political subdivisions to create the Virginia Transit Liability <br />Pool ("Pool")whereby members can jointly pool funds to provide the <br />• necessary anticipated financing for comprehensive general liability, <br />automobile liability, and automobile physical damage; and <br />WHEREAS, it is anticipated that such Pool will be licensed by the Bureau <br />of Insurance of the State Corporation Commission ("Commission"), pursuant <br />to the Act and Regulations adopted thereunder; and <br />WHEREAS, the Applicant has been provided with the following documents <br />which provide a prototype of the rights and responsibilities of the <br />members of the Pool and the amount and terms of the coverage to be <br />provided: <br />1. Member Agreement; <br />