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CC Resolution 2016-040RESOLUTION NO. 2016-040 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, GRANTING EXTENSION OF TIME TO OCTOBER 4, 2017 FOR THE COMPLETION OF THE OFF AND ON-SITE IMPROVEMENTS AS SPECIFIED IN THE REPLACEMENT SUBDIVISION IMPROVEMENT AGREEMENTS FOR TRACT MAP NO. 32879, GRIFFIN RANCH WHEREAS, the City Council approved the Replacement Subdivision Improvement Agreements (SIA) for Tract Map No. 32879, on November 19, 2013; and WHEREAS, Section 6. Completion of Improvements, of the approved SIA requires that the developer begin construction of the improvements within ninety days and complete the construction within twelve months after the approval of the Agreements; and WHEREAS, failure by the developer to complete construction of the off-site and on-site improvements by November 19, 2014 shalt constitute cause for the City, in its sole discretion and when it deems necessary, to declare the Subdivider in default of the approved agreements; 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 off-site and on-site improvements as required by the approved SIA is extended to October 4, 2017. SECTION 2. The time extension for completing the off-site and on-site improvements shall expire when City offices close for regular business on October 4, 2017 if the installation of the off-site and on-site improvements has not been completed. 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. 2016-040 Tract Map No. 32879 Adopted: October4,2016 Page 2 PASSED, APPROVED and ADOPTED at a regular meeting of the La Quints City Council held on this 4" day of October 2016, by the following vote: AYES: Council Members Osborne, Pena, Radi, Mayor Evans NOES: None ABSENT: None ABSTAIN: Council Member Franklin LINDA EVANS, Mayor City of Lo Quinta, California ATTEST: YY` SUSAN MAYSELS, City qik City of Lo Quinta, California (CITY SEAL) APPROVED AS TO FORM: WILLIAM H. IHRKE, City Attorney City of La Quinta, California