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SR-10-14-2014-7CFrom: Marsha Jones Moutrie, City Attorney Subject: Ordinance Adding Chapter 9.74 to the Santa Monica Municipal Code Establishing the Affordable Housing Commercial Linkage Fee Program, the Affordable Housing Commercial Linkage Fee, and Establishing An Adjustment and Waiver Provision Recommended Action Staff recommends that the City Council adopt the attached ordinance. Executive Summary At its meeting on September 23, 2014, the City Council introduced for first reading an ordinance adding Chapter 9.74 to the Santa Monica Municipal Code establishing the affordable housing commercial linkage fee, and establishing an adjustment and waiver provision. The ordinance is now presented to the City Council for adoption. Prepared by: Marsha Jones Moutrie, City Attorney Approved: Forwarded to Council: Mars b ,,Done outne Rod Gould City Attorne City Manager Reference: Ordinance No. 2470 (CCS)