SR-11-26-2013-7CCity Council Meeting: November 26, 2013
Agenda Item: 11 C
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, Palmetto Hospitality of Santa
Monica I, LLC, a California Limited Liability Company, and 1550 5th Street
LLC, a California Limited Liability Company
Recommended Action
Staff recommends that the City Council adopt the attached ordinance.
Executive Summary
At its meeting on November 12, 2013, the City Council introduced for first reading an
ordinance approving the Development Agreement between the City Of Santa Monica, a
municipal corporation, Palmetto Hospitality of Santa Monica I, LLC, a California Limited
Liability Company, and 1550 5th Street 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. 2449 (CCS) &
Agreement No. 9841
(CCS)