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CC Resolution 2002-064 RESOLUTION NO. 2002-64 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, GRANTING AN EXTENSION OF TIME FOR COMPLETION OF IMPROVEMENTS AS SPECIFIED IN THE APPROVED SUBDIVISION IMPROVEMENT AGREEMENT FOR A PERIOD OF ONE-YEAR FOR TRACT 29894-1, COUNTRY CLUB OF THE DESERT WHEREAS, the City Council approved the Subdivision Improvement Agreement (SlA) for Tract 29894-1, Country Club of the Desert on May 1 5, 2001, and WHEREAS, Section 6. Completion of Improvements, of the approved SlA requires that the Subdivider begin construction of the improvements within ninety (90) days and complete the construction within twelve (12) months after the approval of the Agreement, and WHEREAS, failure by the Subdivider to complete construction of the improvements by May 15, 2002, 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, the City Council of La Quinta does hereby find, determine, order and resolve as follows: SECTION 1. The time for the completion of improvements as required by the approved Subdivision Improvement Agreement be extended for a period of one-year. SECTION 2. The time extension for completing the improvements shall expire when City offices close for regular business on May 15, 2003. If the subdivider has not completed the improvements, the City, in it's sole discretion and when it 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. 2002-64 Tract 29894-1 / Country Club of the Deser~ One-YearTime Extension Adopted: May 7, 2002 Page 2 PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta City Council, held on this 7th day of May, 2002, by the following vote, to wit: AYES: Council Members Adolph, Henderson, Perkins, Sniff, Mayor Pe~a NOES' None ABSENT: None ABSTAIN' None~ ~ ~;iOtyH 't a,l~al~irfo rn i a ATTEST: -~.~. GREEK. ~,MC, C~~lerk City o[ La Quinta, Cal=,fornia (City Seal) APPROVED AS TO FORM' M. KAT~EI~INE JENSOR, City Attorney City of La Quinta, California