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CC Resolution 2016-041RESOLUTION NO. 2016-041 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, GRANTING EXTENSION OF TIME TO AUGUST 2, 2017 FOR THE COMPLETION OF THE OFF AND ON-SITE IMPROVEMENTS AS SPECIFIED IN THE SUBDIVISION IMPROVEMENT AGREEMENTS FOR TRACT MAP NO. 30092, PIAZZA SERENA WHEREAS, the City Council approved the Assignment and Assumption Agreements and Amendment to the Subdivision Improvement Agreements (SIA) for Tract Map No. 30092, on June 7, 2011; 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 August 2, 2016 shall 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 August 2, 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 August 2, 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. 2016-041 Tract Map No. 30092 Adopted: October 18, 2016 Page 2 PASSED, APPROVED and ADOPTED at a regular meeting of the Lo Quinta City Council held on this 18th day of October 2016, by the following vote: AYES: Council Members Franklin, Osborne, Pena, Radi, Mayor Evans NOES: None ABSENT: None ABSTAIN: None LINDA EVANS, Mayor City of La Quinta, California ATTEST: 'Wlj�/ SUSAN MAYSELS, City Clerl City of La Quinta, California (CITY SEAL) APPROVED AS TO FORM: WILLIAM H. IHRKE, Ci y Attorney City of La Quinta, California