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• ORDINANCE NO. 99 =18 <br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY <br />OF NEWPORT BEACH MODIFYING THE BASIS FOR <br />LEVYING ASSESSMENTS IN THE CORONA DEL MAR <br />BUSINESS IMPROVEMENT DISTRICT <br />WHEREAS, the Newport Beach City Council adopted Ordinance No. 97 -24 establishing <br />the Corona del Mar Village Business Improvement District and providing for the imposition of a <br />benefit assessment upon businesses within the District; and <br />WHEREAS, on July 13, 1998 the Newport Beach City Council adopted Ordinance No. <br />98 -15, which modified the basis for levying assessments in the District upon recommendation of <br />the Corona del Mar Business Improvement District Advisory Board; and <br />WHEREAS, upon recommendation of the Corona del Mar Business Improvement <br />• District Advisory Board the City Council desires to modify the basis for levying assessments in <br />the District. <br />NOW, THEREFORE, the City Council of the City of Newport Beach does ordain as <br />follows: <br />WHEREAS, on July 26, 1999, the City Council adopted Resolution No. 99 -52 declaring <br />its intention to levy a benefit assessment on businesses within the District, the proceeds of which <br />shall be used for the public purposes therein described, pursuant to the Parking and Business <br />Improvement Area Law of 1989, Part 6 (commencing with Section 36500) of Division 18 of the <br />California Streets and Highways Code (the "Act"), and introduced this Ordinance; and <br />WHEREAS, on August 23, 1999 the City Council held a public hearing in the City of <br />Newport Beach Council Chambers to receive protests from any persons and affected business <br />• owners. The City Council has heard and considered all oral and written protests or other <br />