Laserfiche WebLink
• Commercial piers not already on leases. <br />WHEREAS, the Committee believes that rates at the BYB should be set at an amount <br />consistent with Fair Market Value in Newport Harbor; and <br />WHEREAS, a loan from the California Department of Boating and Waterways for <br />improvements at the BYB suggests that the City "review berthing charges ... serving same <br />boating public ... (and) set rates at comparable levels for comparable facilities and services..." <br />WHEREAS, the Committee has held public meetings with BYB stakeholder groups and <br />has made a proposal, revised following public input, to the City Council to increase rates at the <br />BYB over a three period duration (starting with an increase in 2011 and ending in advance of <br />the 2013 billing) to roughly an average of low- to moderately - priced berthing rates in Newport <br />Harbor. To arrive at this number, the Committee reviewed: <br />• Rate data of other Newport Harbor Marinas, apartments, and garages provided by City <br />Harbor Resources staff; <br />• Listings of amenities in other Newport Harbor marinas; <br />• Rate proposals or concepts offered by other groups, including tenants at the BYB; and <br />• Testimony offered in the public record at meetings associated with BYB rate increases. <br />Now, therefore be it: <br />RESOLVED by the City Council of the City of Newport Beach that the above recitals are <br />true and correct and constitute findings that support the action taken herein; and be it also <br />RESOLVED that the City Council of the City of Newport Beach finds that the Fair Market <br />Value of apartments, garages, slips, and side ties at the Balboa Yacht Basin are described <br />within this Resolution and, for the slips and side ties, reflects an average of low- to moderately - <br />priced marina slip rates in Newport Harbor with comparable amenities; and be it also <br />RESOLVED that City Council of the City of Newport Beach hereby amends the City's <br />Master Fee Resolution to set the following charges for the Balboa Yacht Basin: <br />1) Beginning in March 2011, a month's rental of a slip or side tie at the BYB shall be set at the <br />percentage of the Newport Harbor Marina Index rate as shown in Column A in the chart <br />below. <br />2) Beginning in March 2012, a month's rental of a slip or side tie at the BYB shall be set at the <br />percentage of the Newport Harbor Marina Index rate as shown in Column B in the chart <br />below. <br />3) Beginning in March 2013, a month's rental of a slip or side tie at the BYB shall be set at the <br />percentage of the Newport Harbor Marina Index rate as shown in Column C in the chart <br />below. <br />