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SR-05-13-2014-7ACity Council Report City of Santa mouien City Council Meeting: May 13, 2014 Agenda Item: ::I- — f ) 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 Macerich SMP LP, a Delaware Limited Partnership Recommended Action Staff recommends that the City Council adopt the attached ordinance. Executive Summary At its meeting on April 22 2014, the City Council introduced for first reading an ordinance approving the Development Agreement between the City of Santa Monica, a municipal corporation, and Macerich SNIP LP, a Delaware Limited Partnership. 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