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SR-11-25-2014-7ACity Council Meeting: November 25, 2014 Agenda Item: + H 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 Pico Eleven, LLP Recommended Action Staff recommends that the City Council adopt the attached ordinance. Executive Summary At its meeting on November 11, 2014, the City Council introduced for first reading an ordinance approving the Development Agreement between the City of Santa Monica, a municipal corporation, and Pico Eleven, LLP. The ordinance is now presented to the City Council for adoption. Prepared by: Marsha Jones Moutrie, City Attorney roved: Forwarded to Council: 1 Rod Gould City Manager Reference: Ordinance No. 2475 (CCS)