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ORDINANCE NO. 97-24 <br />• AN ORDINANCE OF THE CITY COUNCIL OF THE CITY <br />OF NEWPORT BEACH ESTABLISHING THE CORONA <br />DEL MAR BUSINESS IMPROVEMENT DISTRICT <br />WHEREAS, at the request of Corona del Mar business owners, the City Council of the <br />City of Newport Beach desires to establish a Business Improvement District to provide for the <br />imposition of a benefit assessment and to adopt an ordinance to such effect. <br />NOW THEREFORE the City Council of the City of Newport Beach does ordain as <br />follows: <br />SECTION 1. Intent and Pugr ose. Pursuant to the Parking and Business Improvement <br />• Area Law of 1989, Part 6 (commencing with Section 36500) of Division 18 of the California <br />Streets and Highways Code (the "Act "), on June 23, 1997 the City Council of the City of <br />• <br />Newport Beach held a duly noticed public meeting in the Newport Beach Council Chambers and <br />adopted Resolution No. 97 -50, "A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br />OF NEWPORT BEACH DECLARING ITS INTENTION TO ESTABLISH THE CORONA <br />DEL MAR BUSINESS IMPROVEMENT DISTRICT, APPOINTING AN ADVISORY <br />BOARD, AND FIXING THE TIME AND PLACE OF A PUBLIC HEARING" declaring its <br />intention to levy a benefit assessment on all businesses within the District, with the proceeds to <br />be used for the public purposes described in the resolution. <br />On July 14, 1997 the City Council held a public hearing in the Newport Beach Council <br />Chambers to receive protests from any persons and affected business owners. The City Council <br />Ordinance 97 -24 <br />Corona del Mar Business Improvement District <br />Page 1 <br />