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RESOLUTION NO. 86 -32 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br />OF NEWPORT BEACH ESTABLISHING AN OVERNIGHT <br />PARKING PERMIT SYSTEM FOR THE USE OF PARKING <br />SPACES IN THE BALBOA MUNICIPAL LOT. <br />WHEREAS, Section 12.12.050 of the Newport Beach <br />Municipal Code provides that in a City Parking Lot a vehicle may <br />be parked, and remained parked in a parking space, if such <br />vehicle has displayed a current, valid parking permit issued by <br />the City of Newport Beach, pursuant to authorization of the City <br />Council; and <br />WHEREAS, Resolution 85 -103, provides, among other <br />things, the Annual Parking Permit shall not be valid for <br />overnight parking in the Balboa Municipal Lot; and <br />WHEREAS, the City Council of the City of Newport Beach <br />wishes to establish a Balboa Municipal Lot Overnight Parking <br />Permit and designate the fees and regulations governing the use <br />of said Permit. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of <br />the City of Newport Beach, as follows: <br />1. There is hereby established a Balboa Municipal Lot <br />Overnight Parking Permit which shall be a non - transferable, <br />annual, permit for a fee of One Hundred Twenty ($120.00) Dollars, <br />which, when affixed to the front windshield of a vehicle within a <br />seven inch (711) square in the lower corner farthest removed from <br />the driver's position, shall authorize the overnight parking of <br />such vehicle in the Balboa Municipal Lot. Overnight parking is <br />hereby defined for this parking lot to mean between the hours of <br />3:00 A.M. and 6:00 A.M. It shall not, however, establish any <br />priority for parking spaces. <br />2. For calendar year 1986, the fee for the Parking <br />Permit herein established shall be reduced to Sixty ($60.00) <br />Dollars. Persons holding valid 1986 Annual Parking Permits <br />desiring to exchange them for a Balboa Municipal Lot Overnight <br />Parking Permit will, upon relinquishing the Annual Parking <br />Permit, be credited with Fifteen ($15.00) Dollars toward the fee <br />specified above. <br />-1- <br />