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Q ´┐ŻEwPpRT <br />CITY OF <br />O ´┐Ż <br />z NEWPORT BEACH <br /><,FORN'P City Council Staff Report <br />May 11, 2021 <br />Agenda Item No. 6 <br />TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL <br />FROM: Grace K. Leung, City Manager - 949-644-3001, <br />gleung@newportbeachca.gov <br />PREPARED BY: Melanie Franceschini, Administrative Analyst <br />mfranceschini@newportbeachca.gov <br />PHONE: 949-644-3028 <br />TITLE: Resolution No. 2021-40: Resolution of Intention to Disestablish the <br />Corona del Mar Business Improvement District and Fix the Time and <br />Place of a Public Hearing <br />ABSTRACT: <br />The Corona del Mar Business Improvement District (CdM BID) Advisory Board of <br />Directors (Board) has submitted the BID's annual report and budget for the City Council's <br />review and approval. The Board also submitted a letter requesting the disestablishment <br />of the CdM BID prior to Fiscal Year 2021-22 and a proposal on how to dispose of the <br />CdM BID's assets. <br />RECOMMENDATION: <br />a) Determine this action is exempt from the California Environmental Quality Act (CEQA) <br />pursuant to Sections 15060(c)(2) and 15060(c)(3) of the CEQA Guidelines because <br />this action will not result in a physical change to the environment, directly or indirectly; <br />b) Modify the Corona del Mar Business Improvement District's recommended Proposed <br />Plan to Dispose of Assets by donating a portion of the physical assets to Visit Newport <br />Beach, Inc. instead of the City of Newport Beach; <br />c) Approve the Corona del Mar Business Improvement District's Fiscal Year 2020-21 <br />Annual Report; and <br />d) Adopt Resolution No. 2021-40, A Resolution of the City Council of the City of Newport <br />Beach, California, Declaring its Intention to Disestablish the Corona del Mar Business <br />Improvement District and Fix the Time and Place of a Public Hearing for June 8, 2021. <br />DISCUSSION: <br />The Corona del Mar Business Improvement District (CdM BID) was formed in 1997 <br />(Ordinance No. 97-24) pursuant to the Parking and Business Improvement Area Law of <br />1989 (1989 Law), codified in the Streets and Highways Code Sections 36500 et seq. <br />6-1 <br />