HomeMy WebLinkAbout88-4 - Amending Section 12.44.025 to the Newport Beach Municipal Code Creating a Special Capital Improvement Fund Known, as the off-Street Parking Facilities FundV
ORDINANCE NO. 88- 4
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
NEWPORT BEACH AMENDING SECTION 12.44.025 TO THE
NEWPORT BEACH MUNICIPAL CODE CREATING A SPECIAL
CAPITAL IMPROVEMENT FUND KNOWN, AS THE OFF -
STREET PARKING FACILITIES FUND.
® THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH DOES
HEREBY ORDAIN AS FOLLOWS:
Section 1: Section 12.44.025 of the Newport Beach
Municipal Code shall be amended to read as follows:
"12.44.025 Creation of Off - Street Parking Facilities
Fund. Pursuant to the authority contained in Section 1113 of the
City Charter, a special capital improvement fund to be known as
the Off - Street Parking Facilities Fund is hereby created. Except
as provided in subsections A and B, fifty percent (50 %) of the
gross meter fees collected as a result of the operation of
parking meters within the on- street parking meter zones, as
presently established by Section 12.44.020 or as the same may in
the future be amended or revised, shall be deposited in said
fund.
® Said fund shall be used only for purposes of the
acquisition, development, and improvement of public off - street
parking facilities located within the general vicinity of the
parking meters contributing to the fund, and for any expenditures
necessary or convenient to accomplish said purposes.
For purposes of this Section, the term "off-street
parking facilities" shall mean public parking lots, garages,
structures, buildings and appurtenances for the parking of motor
vehicles."
A. Meter Serving Recreational Areas.
Fees derived from the operation of parking meters on
15th Street between Oceanfront and Newport Bay (Zone 6) as well
as other areas or zones considered to be serving recreational
® needs shall be deposited in the general fund.
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B. Cannery Village Special Parking Fund.
The Cannery Village Special Parking Fund is hereby
established and includes the area bounded by 26th Street on the
south, northbound Newport Boulevard on the west, 32nd Street and
® Lido Park Drive on the north, and 28th Street and Newport Bay on
the east.
All parking meter revenues derived from within the
Cannery Village Special Parking Fund shall be used solely for the
provision of additional parking facilities within the boundaries
of the District through June 30, 1993. The Cannery Village
Special Parking Fund shall cease existence as of July 1, 1993.
Section 2: The Mayor shall sign and the City Clerk
shall attest to the passage of this Ordinance. The City Clerk
shall cause the same to be published once in the official
newspaper within fifteen (15) days after its adoption.
Section 3: This Ordinance was introduced at a regular
meeting of the City Council of the City of Newport Beach held on
the 8th day of February , 1988, and adopted on the 22nd day
® of February, 1988, by the following vote, to -wit:
L
AYES, COUNCILMEMBERS Cox,.Hart, Maurer,
Plummer, Sansone, Strauss, Turner
NOES, COUNCILMEMBERS
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