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HomeMy WebLinkAbout08-28-1995 Item #5Agenda #5 Y THE CITY COUNC;L CITY OF NEWPORT BEACH I ' Al IG ? 8 1995 OFFICE OF THE CITY ATTORNEY MEMORANDUM August 22, 1995 TO: Mayor and Members of City Council FROM: Robert H. Burnham, City Attorney RE: Special Improvement District No. 95-1 (CIOSA) Modification of Rate'and Method The Irvine Company has submitted a Petition asking the City Council to commence proceedings to alter the rate and method of apportionment of the special tax previously authorized to be levied on property within the district. The proposed alterations to the previously approved rate and method of apportionment are requested because of modified interest rate assumptions. The procedure for changing a rate and method of apportionment involves a special election and a public hearing conducted at least 30 days after approval of a resolution considering the rate and method alterations. Staff Recommendation Staff recommends council approval of the resolution of consideration to alter the rate and method of apportionment of the special tax and to set October 9, 1995 as the date of the public hearing on the proposed amendments. Very my yours, bert H. Burnham City Attorney de\cc8-22rb.mem 'cI� 0 0 CITY OF NEWPORT BEACH SPECIAL IMPROVEMENT DISTRICT NO. 95-1 (CIOSA) OFFICIAL BALLOT SPECIAL ELECTION REGARDING ALTERATION OF RATE AND METHOD OF APPORTIONMENT (OCTOBER 9,1995) This ballot is for a special, landowner election. You must return this ballot in the enclosed postage paid envelope to the office of the City Clerk of the City of Newport Beach no later than 8:00 p.m. on October 9, 1995, either by mail or in person. The City Clerk's office is located at 3300 Newport Boulevard, Newport Beach, California, 92663. Alternatively, you may hand deliver the ballot to the City Clerk in the City Council Chambers, 3300 Newport Boulevard, Newport Beach, California 92663 no later than 8:00 p.m. on October 9,1995. To vote, mark a cross (X) on the voting line after the word "YES" or after the word "NO ". All marks otherwise made are forbidden. All distinguishing marks are forbidden and make the ballot void. If you wrongly mark, tear, or deface this ballot, return it to the City Clerk of the City of Newport Beach and obtain another. BALLOT MEASURE: Shall the rate and method of apportionment of the special tax to be levied within the City of Newport Beach Special Improvement District No. 95 -1 (CIOSA) be altered as described in the resolution of the City Council of the City of Newport Beach, adopted October 9,1995, entitled "A Resolution of the City Council of the City of Yes: Newport Beach Calling Special Election Regarding Alterations To the Rate And Method of Apportionment of Special Taxes for the City of Newport Beach Special Improvement District No: No. 95 -1 (CIOSA) "? By execution in the space provided below, you also indicate your waiver of the time limit pertaining to the conduct of the election and any requirement for analysis and arguments with respect to the ballot measure, as such waivers are described and permitted by Sections 316(a) and 317(b) of the City of Newport Beach Special Improvement District Financing Code. Number of Votes: 124 Property Owner: The Irvine Company The Irvine Company, a Michigan corporation c By: Its: BERNARD A. M NISCALCO a division of the By: Its: TunuaC ASSISTANT Authorized to Publish Advertisements of all kinds including public notices by Decree of the Superior Court of Orange County, California. Number A•6214, September 29,. 1961, and A•24831 June 11, 1961. PROOF OF PUBLICATION STATE OF CALIFORNIA) ) SS. County of Orange ) I am a Citizen of the United States and a resident of the County aforesaid; I am over the age of -eighteen years, and not a party to or interested in the below entitled matter. I am a principal clerk of the NEWPORT BEACH -COSTA MESA DAILY PILOT, a newspaper of general circulation, printed and published in the City.of Costa Mesa, County of Orange, State of California, and that attached Notice is a true and complete copy as was printed and published on the following dates: September 18, 1995 I declare, under penalty of perjury, that the foregoing is true and correct. Executed on September 18 199 s at Costa Mesa, California. Signature