City Council

3-D. \nWAIVE \nFURTHER \nREADING \nAND \nADOPT \nORDINANCE \nFOR \nDEVELOPMENT \nAGREEMENT (DA-23-03) A DEVELOPMENT AGREEMENT BY AND BETWEEN THE CITY \nOF MONTEREY PARK AND THE COMMONS OF MPK, LLC, FOR THE DEVELOPMENT OF \nA 64-UNIT CONDOMINIUM PROJECT ON REAL PROPERTY LOCATED AT 338-410 S. \nALHAMBRA AVENUE (ASSESSOR’S PARCEL NUMBERS 5259-004-036, 5259-004-037, \nAND 5259-004-038) \nIt is recommended that the City Council consider: \n(1) \nWaiving the second reading and adopting the proposed ordinance; and \n(2) \nTaking such additional, related, action that may be desirable.