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RESOLUTION NO. 2005 -.45 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT <br />BEACH CONFIRMING THE LEVYING OF ASSESSMENTS FOR THE <br />SHORT FISCAL YEAR OF SEPTEMBER 1, 2005 TO JUNE 30, 2006 <br />FOR THE CORONA DEL MAR BUSINESS IMPROVEMENT DISTRICT, AND <br />GRANTING AUTHORITY TO ADOPT BYLAWS. <br />WHEREAS, on August 9, 2005 the Corona del Mar Business Improvement <br />District annual report was filed and approved by the City Council; and <br />WHEREAS, on August 9, 2005 the City Council adopted and published a <br />Resolution of Intention declaring the intention to levy assessments for the <br />Corona del Mar Business Improvement District for the fiscal year September 1, <br />2005 to June 30. 2006: and <br />WHEREAS, a public hearing regarding the renewal of the Corona del Mar <br />Business Improvement District was held on August 23, 2005 without a protest of <br />majority. <br />NOW, THEREFORE, the City Council of the City of Newport Beach hereby <br />confirms the levy of assessments as described in the Resolution of Intention <br />dated August 23, 2005 for the Corona del Mar Business Improvement District for <br />the short fiscal year September 1, 2005 to July 31, 2006. <br />The City Council hereby also grants the authority for the Corona del Mar <br />Business Improvement District to adopt Bylaws for the purposes of general <br />operations, consistent with State law and resolutions adopted by the City <br />Council. <br />