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SR-10-23-2012-7ACity0f City Council Report Santa 3101lica, City Council Meeting: October 23, 2012 Agenda Item: 7_ A To: Mayor and City Council From: Marsha Jones Moutrie, City Attorney Subject: Ordinance Approving the Development Agreement Between the City of Santa Monica, a Municipal Corporation and 1548LUXENMS, LLC, a California Limited Liability Company Recommended Action Staff recommends that the City Council adopt the attached ordinance. Executive Summary At its meeting on September 11, 2012, the City Council introduced for first reading an ordinance approving the Development Agreement between the City of Santa Monica, a municipal corporation and 1548LUXENMS, LLC, a California Limited Liability Company. The ordinance is now presented to the City Council for adoption. Prepared by: Marsha Jones Moutrie, City Attorney Approved: Forwarded to Council: Rod Gould City Manager Reference Ordinance No. 2408 (CCS).