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RESOLUTION NO. 2005- 16 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT <br />BEACH CONFIRMING THE LEVYING OF ASSESSMENTS FOR THE <br />SHORTENED YEAR OF APRIL 1, 2005 TO JUNE 30, 2005 FOR THE <br />BALBOA VILLAGE BUSINESS IMPROVEMENT DISTRICT. <br />WHEREAS, on March 8, 2005 the BALBOA VILLAGE Business <br />Improvement District annual report was filed and approved by the City Council; <br />and <br />WHEREAS, on March 8, 2005 the City Council adopted and <br />published a Resolution of intention declaring the intention to levy assessments <br />for the BALBOA VILLAGE Business Improvement District for a shortened fiscal <br />year April 1, 2004 to June 30, 2005; and <br />WHEREAS, a public hearing regarding the renewal of the BALBOA <br />VILLAGE Business Improvement District was held on March 22, 2005 without a <br />protest of majority. <br />NOW, THEREFORE, the City Council of the City of Newport Beach <br />hereby confirms the levy of assessments as described in the Resolution of <br />Intention dated March 8, 2005 for the BALBOA VILLAGE Business Improvement <br />District for the fiscal year April 1, 2005 to June 30, 2005. <br />This resolution shall take effect immediately upon adoption. <br />Passed and adopted by the City Council of the City of Newport Beach at a <br />regular meeting held on the 22nd day of March 2005. <br />MAYOR <br />