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CC Resolution 2006-071 RESOLUTION NO. 2006-071 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINT A, CALIFORNIA, GRANTING AN EXTENSION OF TIME FOR THE COMPLETION OF ON- SITE AND OFF-SITE IMPROVEMENTS AS SPECIFIED IN THE APPROVED SUBDIVISION IMPROVEMENT AGREEMENT UNTIL SEPTEMBER 15, 2006 FOR TRACT MAP NO. 29858-1, PALMILLA, RJT HOMES, LLC WHEREAS, . the City. Council approved the Subdivision Improvement Agreement (SIA) for Tract Map No. 29858-1, Palm ilia, RJT Homes, LLC, on May 29,2001; 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 September 15, 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 Quinta does hereby find, determine, order and resolve as follows: 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 until September 15, 2006. Section 2. The time extension for completing the improvements shall expire when City offices close for regular business on September 15, 2006. 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. 2006-071 Extension of Time for SIA on TM 29858-1 Adopted: July.18.2006 Page 2 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. PASSED, APPROVED, and ADOPTED at a regular meeting of the La Quinta City Council held on this 18th day of July, 2006, by the following vote, to wit: AYES: Council Members Henderson, Kirk, Osborne, Sniff, Mayor Adolph NOES: None ABSENT: None' ABST AIN: None ~D~YOr City of La Quinta, California ATTEST: ~:G-REEitM~ City of La Quinta, California (City Seal) APPROVED AS TO FORM: ,:::---..