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CC Resolution 2006-023 RESOLUTION NO. 2006-023 A RESOLUTION OF THE CITY COUNCIL ·OF THE CITY OF LA QUINTA, CALIFORNIA, GRANTING AN EXTENSION OF TIME FOR THE COMPLETION OF IMPROVEMENTS AS SPECIFIED IN THE APPROVED SUBDIVISION IMPROVEMENT AGREEMENT FOR A PERIOD OF ONE YEAR FOR AMENDED TRACT MAP NO. 31348, THE ESTATES AT POINT HAPPY, PH RANCH, LLC WHEREAS, the City Council approved the Subdivision Improvement Agreement (SIA) for Tract 31348, The Estates at Point Happy on November 16, 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 January 12, 2006, 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 Guinta does hereby find, determine, order and resolve as foffows: NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of La Guinta, California, as follows: Section 1. The time for the completion of improvements as required by the approved SIA is 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 January 1 2, 2007. 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. Resolution No. 2006~023 Amended Tract Map No. 31348, The Estates at Point Happy Adòpted: March· 21,2006 Page 2 Section 3 . The providëdsecurity amount as required in the approved.. SIAis satisfactory. No additional securities are required. Section 4. All· other terms, responsibilities and conditions as listed in the approved SIA shall remain infutlforceandefféct. PAS. S. ED, APPROVED and ADOPTED at a regular meeting of the La Quinta .' , - " ,. I City Council held on this 21 st day of March 2006, by the following vote, to wit: AYES: Council Members Henderson, Kirk, Osborne, Sniff, Mayor Adolph NOES: None ABSENT: None ABSTAIN: None ~L~ City of La Guinta, California ATTEST: ~ .4~..\l JU .. S. REEK, CMC, City ·k City of La Quinta, California (City Seal) --- ~--- --- _...- - - - ~ ~ --- -- --- - -