City Council

3.\na) Determine this action is exempt from the California Environmental Quality Act\n(CEQA) pursuant to Sections 15060(c)(2) and 15060(c)(3) of the CEQA Guidelines\nbecause this action will not result in a physical change to the environment, directly or\nindirectly; and\nb) Adopt Resolution No. 2026-19, A Resolution of the City Council of the City of\nNewport Beach, California, Finding Consistency with Stated Investment Objectives\nand Amending City Council Policy F-1 (Statement of Investment Policy) to\nIncorporate Changes in Government Code Section 53600, et seq.\nStaff Report\nAttachment A - Council Policy F-1, Statement of Investment Policy (redlines)\nAttachment B - Resolution No. 2026-19\nCONTRACTS AND AGREEMENTS\nAmendment No. One to Professional\nServices Agreement with Moffat\n&\nNichol for Newport Harbor Seawall Replacement/Rehabilitation (Contract No.\n9503-1)