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SR-032508-7B~- ~;tYo, City Council Report Santa Monica City Council Meeting: March 25, 2008 Agenda Item: ~" To: Mayor and City Council From: Marsha Jones Moutrie, City Attorney Subject: INTERIM ORDINANCE EXTENDING, WITH MODIFICATIONS AND CLARIFICATIONS, THE INTERIM ORDINANCE MODIFYING THE CITY'S DENSITY BONUS AND AFFORDABLE HOUSING INCENTIVES IN ACCORDANCE WITH STATE DENSITY BONUS LAW Recommended Action Staff recommends that the City Council adopt the attached ordinance. Executive Summary At its meeting on March 11, 2008, the City Council introduced for first reading an ordinance extending, with modifications and clarifications, the interim ordinance modifying the City's density bonus and affordable housing incentives in accordance with state density bonus law. The ordinance is now presented to the City Council for adoption. Prepared by: Marsha Jones Moutrie, City Attorney Approved: D -G`hn c ~~t._ Ma ha Jones o itrie City Attorney Forwarded to Council: f~Cao Y Ewell City Hager Reference Ordinance No. 2252 (CCs)