20 - Rent for Moorings on Tidelands

20-1 NEWPORT BEACH City Council Staff Report COUNCIL STAFF REPORT CITY OF January 26, 2016 Agenda Item No. 20 ABSTRACT: At a special meeting on June 16, 2015, the City Council directed staff to return with a Resolution setting the fair market value rent for both onshore and offshore moorings located upon City of Newport Beach (“City”) tidelands in Newport Harbor. The City Council also directed staff to prepare various Municipal Code amendments and administrative changes as recommended by the City’s Harbor Commission. Attached is a Resolution establishing fair market value rent for the City’s moorings at $35.00 a linear foot for offshore moorings and $17.50 a linear foot for onshore moorings. The Municipal Code amendments and administrative changes (e.g., transfers, wait list, etc.) will follow at an upcoming City Council meeting. RECOMMENDATION: Adopt Resolution No. 2016-17, A Resolution of the City Council of the City of Newport Beach, California, Setting the Fair Market Value Rent for Moorings Located upon Tidelands in Newport Harbor, effective for the mooring permits issued in 2016. FUNDING REQUIREMENTS: If the new fair market value mooring rental rates are adopted by the City Council, the City will collect approximately $1,231,370 in 2016, which will be deposited in the City’s Tidelands Fund. DISCUSSION: A majority of the waterways in Newport Harbor are tidelands, owned by the State on behalf of the people of California. The California Legislature, through the Beacon Bay Bill (Chapter 74 of the Statutes of 1978, as amended), granted the City trusteeship of TO:HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM:David A. Webb, Public Works Director - 949-644-3311, dawebb@newportbeachca.gov PREPARED BY:Chris Miller, Harbor Resources Manager PHONE:949-644-3043 TITLE:Setting the Fair Market Value Rent for Moorings Located Upon Tidelands in Newport Harbor