HomeMy WebLinkAbout1871 - Amending Section 20.73.010 E of the Newport Beach Municipal Code to Establish Once Annually the City's Vacancy Rate4 ' ~
ORDINANCE NO. 1871
AN ORDINANCE OF THE CITY OF NEWPORT BEACH
W A AMENDING SECTION 20.73.010 E OF THE NEWPORT
BEACH MUNICIPAL CODE TO ESTABLISH ONCE
ANNUALLY THE CITY'S VACANCY RATE
The City Council of the City of Newport Beach DOES
ORDAIN as follows:
SECTION 1. Section 20.73.010 E of the Newport Beach
Municipal Code is amended to read as follows:
"E. VACANCY RATE. The term 'vacancy rate' shall mean
the number of vacant multiple dwellings being offered for
rent or lease in the City of Newport Beach shown as a
percentage of the total number of multiple dwellings offered
offor or under rental or lease agreement in the City. Said
vacancy rate shall be as established once each year, in
April, by survey of 158 of the City's rental units."
SECTION 2. This ordinance shall be published once in
the official newspaper of the City and the same shall be
effective thirty (30) days after the date of its adoption.
This ordinance was introduced at a regular meeting of
the City Council of the City of Newport Beach held on the 24th
day of November, 1980, and was adopted on the 8th day
of December , 1980, by the following vote, to wit:
ATTEST
•
•
i
AYES, COUNCILMEN Hummel, Cox, Hart,
Heather, Strauss, Maurer, Plummer
NOES, COUNCILMEN
ABSENT COUNCILMEN
kv
111880
-
kv
111880