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RESOLUTION NO. 2005-41 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT <br />BEACH STATING ITS INTENTION TO LEVY ASSESSMENTS FOR THE <br />CORONA DEL MAR BUSINESS IMPROVEMENT DISTRICT FOR THE FISCAL <br />YEAR OF SEPTEMBER 1, 2005 TO JUNE 30, 2006. <br />WHEREAS, the Corona del Mar Business Improvement District was established <br />in 1996 pursuant to the Parking and Business Improvement Area Law of 1989, <br />California Streets and Highways Code, Section 36500 et seq., (hereinafter the <br />"Act'), which requires an annual report to be filed and approved by the City <br />Council for each fiscal year; and <br />WHEREAS, the Advisory Board has prepared an Annual Report for the 2004- <br />2005 fiscal year which is on file in the Office of the City Clerk, and <br />WHEREAS, the Annual Report for the 2004 -2005 fiscal year was approved by <br />the City Council, <br />NOW, THEREFORE, the City Council of the City of Newport Beach resolves as <br />follows: <br />Section 1: The City Council hereby declares the intention to levy assessments <br />for the Corona del Mar Business Improvement District for an abbreviated fiscal <br />year September 1, 2005 to June 30, 2006 pursuant to the Act. Such benefit <br />assessment shall be as follows: <br />