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CC Resolution 2011-078RESOLUTION NO. 2011 - 078 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, GRANTING AN EXTENSION OF TIME FOR THE COMPLETION OF THE ONSITE IMPROVEMENTS AS SPECIFIED IN THE APPROVED SUBDIVISION IMPROVEMENT AGREEMENT TO SEPTEMBER 20, 2012 FOR TRACT MAP 32751 WHEREAS, the City Council approved the Subdivision Improvement Agreement (SIA) for Tract Map No. 32751 on May 18, 2007; 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 May 1, 2009, 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 September 20, 2012. Section 2 . The time extension for completing the improvements shall expire when City offices close for regular business on September 20, 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 -078 SIA Time Extension - Onsite Improvements Tract Map No. 32751, Citrus El Dorado, LLC Adopted: September 20, 2011 Page 2 PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta City Council held on this 20 ' day of September 2011, by the following vote, to wit: AYES: Council Members Evans, Franklin, Henderson, Sniff, Mayor Adolph NOES: None ABSENT: None ABSTAIN: None ON ADOLP , W ayor City of La Quinta, California VERONICA , I r.MONTECINO, City of La Cluinta, California (CITY SEAL) APPROVED AS TO , City Clerk City Attorney City of La Quinta,