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SR-042208-7B~~ ~;tYOf City Council Report Santa Monica City Council Meeting: April 22, 2008 Agenda Item: To: Mayor and City Council From: Marsha Jones Moutrie, City Attorney Subject: ORDINANCE AMENDING MUNICIPAL CODE CHAPTER 4.65, THE LIVING WAGE LAW TO CREATE AN EXEMPTION FOR BANKING SERVICES AND ELIMINATE THE ANNUAL ADJUSTMENT TO THE CONTRACT THRESHOLD Recommended Action Staff recommends that the City Council adopt the attached ordinance. Executive Summary At its meeting on April 8, 2008, the City Council introduced for first reading an ordinance amending Municipal Code Chapter 4.65, the Living Wage Law, to create an exemption for banking services and eliminate the annual adjustment to the contract threshold. The ordinance is now presented to the City Council for adoption. Prepared by: Marsha Jones Moutrie, City Attorney Approved: Forwarded to Council: Mar ha Jone outrie . L o Ewell City orne City Hager Reference Ordinance No. 2260 (CCs).