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RESOLUTION NO. 2010-98
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
NEWPORT BEACH DEFINING THE "ENGINEERING NEWS
RECORD — CONSTRUCTION COST INDEX," AS THE MEANS
TO ANNUALLY ADJUST THE MINIMUN CONTRACT
AMOUNT REQUIRING FORMAL BIDDING AS DEFINED IN
THE CITY CHARTER AMENDMENT BEING PLACED ON THE
NOVEMBER 2, 2010, BALLOT FOR CONSIDERATION BY
THE CITY'S ELECTORATE
Whereas, the City of Newport Beach has included an amendment to the current City
Charter §1110 on the November 2, 2010, ballot, for consideration by the City's electorate,
that would raise the minimum construction contract amount requiring formal advertisement
and bidding to $120,000; and
Whereas, the new proposed Charter language also includes a provision that allows new
minimum construction contract amount of $120,000 to be increased annually for inflation
by an index;
Now, therefore, be it resolved by the City Council of the City of Newport Beach that the City
hereby approves and confirms that said referenced index to be used to annually increase
the minimum construction contract amount requiring formal advertisement and bidding as
a result of inflation as defined in the City Charter, provided that it is approved by the City's
electorate on November 2, 2010, shall be the "Construction Cost Index" as developed and
maintained by the "Engineering News Record," a monthly magazine published by McGraw
Hill Construction, or its successor.
Adopted this 10th day of August, 2010.��
Keith D. Curry
ATTEST:
" 4, -
Leilani I. Brown
City Clerk
STATE OF CALIFORNIA }
COUNTY OF ORANGE
CITY OF NEWPORT BEACH }
I, Leilani I. Brown, City Clerk of the City of Newport Beach, California, do hereby
certify that the whole number of members of the City Council is seven; that the foregoing resolution,
being Resolution No. 2010 -98 was duly and regularly introduced before and adopted by the City
Council of said City at a regular meeting of said Council, duly and regularly held on the 10th day of
August, 2010, and that the same was so passed and adopted by the following vote, to wit:
Ayes: Selich, Rosansky, Henn, Webb, Gardner, Daigle, Mayor Curry
Noes: None
Absent: None
Abstain: None
IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed the
official seal of said City this 11th day of August, 2010.
City Clerk
Newport Beach, Caliform a
(Seal)