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RESOLUTION NO. 2005- 31 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT <br />BEACH DECLARING ITS INTENTION TO LEVY ASSESSMENTS FOR THE <br />BALBOA VILLAGE BUSINESS IMPROVEMENT DISTRICT FOR THE <br />FISCAL YEAR OF JULY 1, 2005 TO JUNE 30, 2006, AND FIX THE TIME <br />AND PLACE OF A PUBLIC HEARING. <br />WHEREAS, the Balboa Village Business Improvement District was <br />established in 1996 pursuant to the Parking and Business Improvement Area <br />Law of 1989, California Streets and Highways Code, Section 36500 et seq., <br />(hereinafter the "Act'), which requires an annual report to be filed and approved <br />by the City Council for each fiscal year; and <br />WHEREAS, the District Advisory Board has prepared an Annual Report <br />for Short Year 2005 which is on file in the Office of the City Clerk; and <br />WHEREAS, the Act requires the City Council to declare its intention to <br />levy and collect assessments within the Business Improvement District for the <br />next fiscal year. <br />NOW, THEREFORE, the City Council of the City of Newport Beach <br />resolves as follows: <br />Section 1: The Annual Report filed by the District Advisory Board <br />is hereby approved. The Annual Report contains a description of improvements <br />and activities provided during the 2005 Short Year, a proposed program for the <br />Fiscal Year 2005 -2006, the District boundaries, and the annual assessment <br />within the District. <br />Section 2: The City Council hereby declares its intention to renew <br />the Business Improvement District for the fiscal year July 1, 2005 to June 30, <br />2006 pursuant to the Act. <br />