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TO: <br />FROM: <br />CITY OF <br />NEWPORT BEACH <br />City Council Staff Report <br />January 12, 2016 <br />Agenda Item No. 18 <br />HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL <br />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. 116B - Area Bounded by Balboa <br />Blvd / Neptune Ave / 47th St / 45th St / Channel Rd <br />ABSTRACT: <br />Property owners on the east and west side of Balboa Boulevard between 47th and 45th <br />Streets have submitted Petitions requesting formation of an underground utility <br />assessment district to be done in concert with the City's Balboa Boulevard Rule 20a <br />undergrounding efforts. The City Council certified the Petition for Assessment District <br />No. 116B on October 13, 2015. On November 10, 2015, the City Council approved the <br />Assessment Engineer's Report, declared its intention to levy assessments and to issue <br />bonds to finance the undergrounding, and set January 12, 2016 as the time and place <br />of a Public Hearing for Assessment District No. 116B. Ballots were mailed to each <br />property owner and Council is requested to hold the Public Hearing, count ballots and <br />determine if these property owners support or oppose formation of Assessment District <br />No. 116B. <br />RECOMMENDATIONS: <br />a) Open public hearing on the formation of Assessment District No. 11613; <br />b) Hear public testimony from those who desire to speak; <br />C) Close the public hearing; <br />d) Count ballots; and <br />e) If there is greater than or equal to 50% of weighted "Yes" votes versus "No" votes <br />submitted, a majority protest by ballot procedure does not exist and the District <br />may be formed. If it is desired to form the District, take the following actions: <br />18-1 <br />