Community Members: 

On behalf of Newport Beach City staff, I would like to wish all of our residents a very happy Thanksgiving holiday.

As a reminder, City Hall and most City facilities will be closed on Thursday, November 24, and Friday, November 25 in observance of the holiday.

There will be no street sweeping on Thursday and Friday of this week and no residential trash collection on Thursday (Thanksgiving Day). Residential trash collection will be delayed by one day for the remainder of the week.

Happy Thanksgiving! 

City Manager, Grace K. Leung

Balboa Island Bridge Deck Repair to Begin Nov. 28

Please prepare for possible traffic delays on the Balboa Island Bridge next week due to maintenance work.

Starting Monday, November 28, bridge traffic will be reduced to one lane controlled by flaggers.

Working hours are 7 a.m. to 5 p.m. The repairs are expected to be completed by Friday, December 2.

Sept. 2022 Treasury Report Now Available

The September 2022 Treasury Report is available on the City’s website at:  www.newportbeachca.gov/treasury.

As of September, the City’s investment portfolio totaled $345.5 million when measured at amortized cost. The current market value of the City’s portfolio of $331.8 million incorporates price fluctuations due to the changing interest rate environment that are typically irrelevant, since the City generally holds its securities to maturity and receives the full principal value at that time.

The City’s Liquidity Portfolio is sized to meet the City’s cash flow needs over the next 12 months. Approximately $42.5 million or 12% of the portfolio was invested in liquid investments available for day-to-day operating expenses and the costs associated with ongoing construction projects.

An additional $11.9 million or 3% of the overall portfolio was invested in a portfolio of securities with targeted short-term maturities, which earns a higher yield than the City’s more liquid investments. The City utilizes these investments with targeted maturities to meet cash flow needs at times when the balance of more liquid investments declines due to the seasonality of revenue receipts throughout the year.

On the Agenda: City Council Meeting for Nov. 29

Our next City Council meeting is Tuesday, November 29. Items of interest are highlighted below. The entire agenda and reports can be viewed here.

A study session will begin at 4 p.m. Agenda items include:

- Potential traffic calming options for Tustin Avenue. As a follow-up to the June 28 City Council meeting, staff will provide more information related to potential traffic calming options for Tustin Avenue. 

The regular meeting will begin at 5:30 p.m. Agenda items include:

- Extension of fee waivers for Accessory Dwelling Unit (ADU) permits. The Council will consider extending the temporary waiver of City building construction permit and plan check fees related to the development of ADUs and Junior Accessory Dwelling Units (JADUs). The Council previously approved the fee waivers in April to help meet state-mandated housing goals. The fee waiver would complement other City programs to promote and facilitate ADU development, including website enhancements and pre-approved plans that will be available in early 2023.
- An agreement between the City of Newport Beach and the Friends of Newport Beach Animal Shelter (FONBAS). FONBAS has funded and constructed a new animal care and shelter facility at 20282 Riverside Dr. and proposes to donate the property and improvements to the City to operate its municipal animal control services and animal shelter.
- A contract award for construction of a pedestrian and bicycle bridge, park expansion and parking lot at Superior Avenue. The Council will consider awarding a $10.5 million contract to Reyes Construction, Inc. to build a new pedestrian/bicycle bridge across Superior Avenue, expand the park area at Sunset View Park, and construct a new, larger parking lot at the intersection of Superior Avenue and Pacific Coast Highway.
- A new staff position to support Police Department retention and recruitment. The Council will consider adding a human resources specialist position to the Human Resources Department to help address challenges related to recruiting and retaining City police officers.

This Week’s Events

THURSDAY, NOVEMBER 24 & FRIDAY, NOVEMBER 25

HOLIDAY CLOSURE - THANKSGIVING

5 p.m.
Central Library
1000 Avocado Avenue
Newport Beach, California 92660

MONDAY, NOVEMBER 28

DISTRICT 1 TOWN HALL MEETING

7 p.m.
Marina Park Community Center
1600 W. Balboa Blvd
Newport Beach, California 92663

TUESDAY, NOVEMBER 29

CITY COUNCIL MEETING

4 p.m.
City Council Chambers
100 Civic Center Drive
Newport Beach, California 92660

FRIDAY, DECEMBER 2

BREAKFAST WITH SANTA: 2022

9:30 a.m. - 11 a.m.
Newport Coast Community Center
6401 San Joaquin Hills Rd.
Newport Beach, California 92657

SEE THE FULL SCHEDULE >