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CC Resolution 2011-065RESOLUTION NO. 2011 - 065 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA OUINTA, CALIFORNIA, GRANTING AN EXTENSION OF TIME FOR THE COMPLETION OF THE ON -SITE IMPROVEMENTS AS SPECIFIED IN THE APPROVED SUBDIVISION IMPROVEMENT AGREEMENT TO AUGUST 2, 2012 FOR TRACT MAP NO. 31627, THE RESIDENCE CLUB AT PGA WEST WHEREAS, the City Council approved the Subdivision Improvement Agreement (SIA) for Tract Map No. 31627, The Residence Club at PGA West, on April 15, 2004; and WHEREAS, Section 6. Completion of Improvements of the approved SIA requires that the Subdivider begin construction of the improvements within ninety days and complete the construction within twelve months after the approval of the Agreement; and WHEREAS, failure by the Subdivider to complete construction of the improvements by September 30, 2010, shall constitute cause for the City, in its sole discretion and when it deems necessary, to declare the Subdivider in default of the approved agreement; and WHEREAS, Section 8. Time Extension of the approved SIA allows for, at the City Council's sole and absolute discretion, an extension of time for completion of the improvements with additions or revisions to the terms and= conditions of the Agreement. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of La Quinta, California, as follows: Section 1 . The time for the completion of the on -site improvements as required by the approved SIA is extended to August 2, 2012. Section 2 . The time extension for completing the improvements shall expire when City offices close for regular business on August 2, 2012. If the Subdivider has not completed the improvements, the City, in its sole discretion and when deems necessary, may declare the Subdivider in default of the Agreement. Section 3 . The provided security amount as required in the approved SIA is satisfactory. No additional securities are required. Section 4 . All other terms, responsibilities and conditions as listed in the approved SIA shall remain in full force and effect. Resolution No. 2011 -065 Tract Map No. 31627, The Residence Club at PGA West. Adopted: August 2, 2011 Page 2 PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta City Council held on this 2a day of August 2011, by the following vote, to wit: AYES: Council Members Evans, Henderson, Sniff NOES: None ABSENT: None ABSTAIN: Council Member Franklin, Mayor Adolph LINDA EVANS, Mayor Pro Tem City of La Quinta, California VERONICA J ,,MDNTECINO, CMC, City Clerk City" of La Write, California (CITY SEAL) APPROVED AS TO FORM: RA, f(ATHERINE JE FN, Ci City of La Quinta,I alifornia