HomeMy WebLinkAbout20 & 21 - Amendment to Agreement with VNB - PowerPointAgenda Item 20 & 21
January 28, 2014
Newport Beach City Council
January 28, 2014
Extends term to expire on December 31, 2024
Changes budget cycle from annual to biennial
Annual public benefit funding requirement of
$150,000
Amends City - VN B Agreement for N BTBI D
Management
to -year term, 3% assessment
Moves penalty and interest provisions into
Management District Plan
Extends cancellation period from go days to
18o days