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CC Resolution 2006-063 RESOLUTION NO. 2006-063 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINT A, CALIFORNIA, GRANTING AN EXTENSION OF TIME FOR THE COMPLETION OF OFF- SITE IMPROVEMENTS AS SPECIFIED IN THE APPROVED SUBDIVISION IMPROVEMENT AGREEMENT FOR A PERIOD OF ONE-YEAR FOR PARCEL MAP NO. 32683-3, WASHINGTON PARK, WASHINGTON III LTD. WHEREAS, the City Council approved the Subdivision Improvement Agreement (SIA) for PARCEL Map No. 32683-3, Washington Park, Washington III Ltd. on June 22, 2005; 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 June 22, 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, BE IT RESOLVED by the City Council of the City of La Quinta, 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 June 22, 2007. If the Subdivider has not completed the improvements, the City, in its sole dis~retion and when deemed 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. Resolution No. 2006-063 Parcel Map No. 32683-3. Washington Park Adopted: July 5. 2006 Page 2 Section 4. All other terms, responsibilities and conditions as listed in the approved SIA shall remain in full force and effect. PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta City Council held on this 5th day of July, 2006, by the following vote, to wit: AYES: Council Members Henderson, Kirk, Osborne, Sniff, Mayor Adolph NOES: None ABSENT: None ABSTAIN: None ATTEST: J N REEK, MMC, City of La Quinta, California (City Seal) APPROVED AS TO FORM: ~ M. KAT ERINE JEN N, City Attorney City of La Quinta, California