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Q �EwPpRT <br />CITY OF <br />O � <br />z NEWPORT BEACH <br /><,FORN'P City Council Staff Report <br />July 27, 2021 <br />Agenda Item No. 13 <br />TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL <br />FROM: David A. Webb, Public Works Director - 949-644-3311, <br /> <br />PREPARED BY: Michael J. Sinacori, Assistant City Engineer <br />PHONE: 949-644-3342 <br />TITLE: Proposed Assessment District No. 124 — A Roughly 50-Block Area of <br />Central Balboa Island <br />ABSTRACT: <br />The property owners within a roughly 50-block area of Central Balboa Island submitted a <br />petition requesting formation of an underground utility assessment district, known as <br />Assessment District No. 124 (AD 124). The City Council certified the petition for AD 124 <br />on February 23, 2021. On June 8, 2021, the City Council declared its intention to levy <br />assessments and issue bonds to finance the undergrounding, preliminarily approved the <br />Assessment Engineer's Report, and set July 27, 2021, as the time and place for a Public <br />Hearing for AD 124. Ballots were mailed to each property owner and the City Council is <br />requested to hold the Public Hearing, count ballots and determine if these property <br />owners support or oppose forming AD 124. <br />RECOMMENDATION: <br />a) Open the public hearing on the formation of Assessment District No. 124; hear public <br />testimony from those who desire to speak; close the public hearing; and direct the City <br />Clerk to tabulate the ballots and report the result; and <br />b) If there is greater than 50% of weighted "Yes" votes versus "No" votes submitted, a <br />majority protest by ballot procedure does not exist and the district may be formed. If <br />it is desired to form the District, take the following actions: <br />Adopt Resolution No. 2021-71, A Resolution of the City Council of the City of <br />Newport Beach, California, Overruling Protests, Approving Final Engineer's <br />Report, Levying Assessments without Modification, Approving and Ordering the <br />Work and Improvements for the Utility Underground Project, and Authorizing and <br />Directing Related Actions with Respect to Assessment District No. 124; and <br />13-1 <br />