The City Council on Tuesday approved a settlement agreement that will avert a lengthy legal battle over an untested development policy and scale back nearly a dozen projects that could have been built largely outside the City's control.
The 7 to 0 vote came as Santa Monica's largest developer -- WS Communities -- threatened to proceed with 14 "builder's remedy" projects' totaling nearly 4,200 units if the Council didn't greenlight the proposed settlement before midnight ("WS Could Pull 13 'Builder's Remedy' Projects Under Proposed Settlement Agreement," May 5, 2023).
Read More: https://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2023/May_2023/05_10_2023_Council_Approves_Agreement_That_Removes_Builders_Remedy_Projects.html