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RESOLUTION NO. 93 -55 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br />OF NEWPORT BEACH CALLING AND GIVING NOTICE OF <br />A SPECIAL MUNICIPAL ELECTION TO BE HELD ON <br />TUESDAY, NOVEMBER 2, 1993, FOR THE SUBMISSION <br />OF AN ADVISORY MEASURE TO THE VOTERS OF THE <br />CITY OF NEWPORT BEACH. <br />• WHEREAS, pursuant to provisions of the City Charter of the <br />City of Newport Beach, Article XI, Section 5b of the California <br />Constitution and precedential decisions of the California Court of <br />Appeal, the City Council has the authority to submit advisory <br />measures on matters of municipal interest to the electors of the <br />City of Newport Beach; and <br />WHEREAS, the City Council desires to submit to the voters at <br />a Special Municipal Election to be held on November 2, 1993, a <br />measure seeking the advice of the electorate on the formation of a <br />city -wide assessment district to acquire, improve, and maintain <br />open space on the Castaways and Newporter North parcels <br />WHEREAS, the Newport Conservancy has agreed to reimburse the <br />City for all costs incurred in the conduct of the Special Election. <br />NOW, THEREFORE, BE IT RESOLVED, DECLARED, DETERMINED AND <br />ORDERED by the City Council of the City of Newport Beach as <br />follows: <br />Section 1. The City Council, pursuant to the provisions of <br />the City Charter, the Constitution of the State of California, and <br />relevant precedential decisions of the Court of Appeal, hereby <br />orders the following advisory measure submitted to the voters on <br />November 2, 1993 at the Special Municipal Election; <br />• Should the City Council of Newport Beach finance the <br />purchase, improvement, and maintenance of the <br />Castaways and Newporter North properties as <br />recreational and environmental open space through a <br />city -wide assessment district with annual assessments not <br />to exceed: 1. $120.00 per single family residential <br />unit; <br />2. $102.00 per unit for duplexes or <br />1 <br />