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sr-081412-7a (2),- City of Si11ItA HOIliC iI City Council Report City Council Meeting: August 14, 2012 Agenda Item: 7-A To: Mayor and City Council From: Marsha Jones Moutrie, City Attorney Subject: Ordinance Approving Development Agreement 12 -002 for Amendment to Development Agreement 00 -001 for the RAND Corporation Recommended Action Staff recommends that the City Council adopt the attached ordinance. Executive Summary At its meeting on July 24, 2012, the City Council introduced for first reading an ordinance to amend the Development Agreement between the RAND Corporation and the City of Santa Monica, approved in 2000, to convert approximately 17,300 square feet of floor area within Parking Level P1, which contains 56 parking spaces, into primarily offices, and one additional parking space on level P2 for the installation of an elevator. The offices would house production, warehousing and distribution, a call center, and research offices. These functions, along with the 45 -50 employees engaged in the activities, are currently located across First Court alley in the office building at 1733 Ocean Avenue. The ordinance is now presented to the City Council for adoption. Prepared by: Marsha Jones Moutrie, City Attorney Attached: Ordinance Approved: Forwarded to Council: Rod Gould City Manager Reference Ordinance No. 2406 (CCS) and Agreement No. 9631 (CCS)