At the Newport Beach City Council meeting this coming Tuesday, Councilman Ed Selich will again bring the matter of how to spend the $5 million to be provided by Lennar Homes (for building condos on the Marriott Tennis Club courts) to our General Fund.
There are no limitations in the agreement with Lennar on the allocation of these funds. Council members Selich, Nancy Gardner, Michael Henn and Keith Curry voted on July 24 to spend these funds primarily on Newport Center Park, by borrowing $5 million from the City’s General Fund, and in the future repaying the General Fund with in-lieu park fees.
These council members received information on June 12 in a staff report that Table R1 in the Recreation Element of the General Plan was incorrect in showing a 38.8-acre park deficit in our city. The figures were corrected by the staff report to show that Newport Beach actually has a 19.5-acre park acreage surplus. Newport Center has a revised surplus of 5.3 acres.