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CC Resolution 2007-022RESOLUTION NO. 2007-022 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, GRANTING AN EXTENSION OF TIME FOR THE COMPLETION OF ON -SITE AND OFF - SITE IMPROVEMENTS AS SPECIFIED IN THE APPROVED SUBDIVISION IMPROVEMENT AGREEMENT (SIA) FOR A SPECIFIED DATE OF JANUARY 1, 2008 FOR TRACT MAP NO. 31311, WATER COLORS, SANTA ROSA DEVELOPMENT, INC. WHEREAS, the City Council approved the Subdivision Improvement Agreement (SIA) for Tract 31311, Water Colors on November 2, 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 November 2, 2005, 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 on -site and off -site 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 onsite and offsite improvements as required by the approved SIA is extended until the specified date of January 1, 2008. Section 2. The time extension for completing the improvements shall expire when City offices close for regular business on January 2, 2008. 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. Section 3. The provided security amount as required in the approved SIA is satisfactory. No additional securities are required. Resolution No. 2007-022 Water Colors Tract Map No 37552 Adopted March 20, 2007 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 20th day of March, 2007, by the following vote to wit: AYES: Council Members Henderson, Kirk, Osborne, Sniff, Mayor Adolph NOES: None ABSENT: None ABSTAIN: None ATTEST: VERONICA J. City of La Qui (City Seal) 0ONnADO PH, yor City of La Quinta, California VTECINO, CMC, City Clerk California APPROVED AS TO FORM: M. KATHERI JENSO ity Attorney City of La Quinta, California