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ORDINANCE NO. 2003 -9 <br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF NEWPORT <br />BEACH AMENDING SECTION 12.44.027 OF THE NEWPORT BEACH <br />MUNICIPAL CODE PERTAINING TO <br />NEIGHBORHOOD ENHANCEMENT RESERVE <br />WHEREAS, the City Council desires to clarify boundaries of the existing <br />Neighborhood Enhancement Zones and make them more consistent with <br />common understanding of the areas known as "West Newport" and 'Balboa <br />Peninsula;" <br />NOW, THEREFORE, the City Council of the City of Newport Beach does <br />hereby ordain as follows: <br />SECTION 1. Section 12.44.027(B) of the Newport Beach Municipal Code is <br />amended to read as follows: <br />B. The following Neighborhood Enhancement Areas are hereby established <br />pursuant to the provisions of this chapter: <br />1. Area "A" - West Newport. This area is bounded by West Coast Highway, <br />Semeniuk Slough /Oxbow Loop, West Coast Highway, Newport Boulevard, <br />Newport Island Channel, Rialto Channel, 38th Street, the Pacific Ocean, and <br />Summit Street. Revenues from meters located in parking Meter Zones 8 and 9 <br />shall be apportioned to the Reserve forth is area. <br />2. Area "B" - Balboa Peninsula. This area is bounded by West Lido Channel, <br />Newport Channel, the Harbor entrance, the Pacific Ocean, 38th Street, Rialto <br />Channel and Newport Island Channel. Fifty percent (50 %) of the gross meter <br />fees collected from on- street parking meters in this area shall be deposited in the <br />