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ORDINANCE NO, q 42 i <1 <br />AN ORDINANCE OF THE CITY OF NEWPORT BEACH <br />•ADDING SECTION 12.44,125 TO THE NEWPORT BEACH <br />• MUNICIPAL CODE TO PROVIDE FOR COMMERCIAL IN <br />LIEU PARKING FEES <br />The City Council of the City of Newport Beach does <br />• <br />ordain as follows: <br />SECTION 1. Section 12.44.125 is added to the Newport <br />Beach Municipal Code to read: <br />"12,44,125 Commercial in lieu parking fees. A. PERMIT <br />REQUIRED. In lieu of providing the required off - street <br />parking on -site pursuant to Section 20.08.191 of the Newport <br />Beach Municipal Code, a commercial business may provide all <br />or a portion of its required commercial off - street parking <br />in a municipal fee owned lot by paying an annual fee of $250 <br />per parking space. Said municipal parking lot must be so <br />located within reasonable proximity to the commercial business <br />as to be useful to said business. <br />(B) EXISTING USES. The requirements set <br />forth in subsection (A) above shall not apply to those busi- <br />ness establishments already in existence on the effective date <br />of this ordinance; said businesses may be continued or changed <br />to a use of the same or a more restricted nature without com- <br />pliance with said requirements, provided that said use or <br />building is not enlarged or extended to occupy a greater area <br />than that occupied by such building or use on the effective <br />date of this ordinance; and further provided that said busi- <br />nesses shall continue to be subject to the parking requirements <br />-1- <br />