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CC Resolution 2007-045 RESOLUTION NO. 2007-045 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA. CALIFORNIA. GRANTING AN EXTENSION OF TIME FOR THE COMPLETION OF nlE ON-SITE AND OFF-SITE IMPROVEMENTS AS SPEGIFIED IN THE APPROVED SUBDIVISION IMPROVEMEIIJT AGREEMENT TO APRIL 15, 2008 FOR TRACT MAP NO. 30023-5. TRILOGY, SHEA LA QUINTA. LLC WHEREAS, the City Council approved the Subdivision Improvement Agreement (SIA) for Tract Map No. 30023-5, Trilogy, Shea La Ouinta, LLC on June 8. 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 AgreElment; and WHEREAS, failure by the Subdivider to complete construction of the improvements by June 8, 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 Ouinta, California, as follows: Section 1. The time for the completion of on-site and off-site improvements as requimd by the approved SIA is extended to April 15, 2008. Section 2. The time extension for completing the on-site and off-site improvements shall expire when City offices close for regular business on April 15, 2008. If the Subdivider has not completed the improvements, the City, in its sole discrEltion and when deems necessary, may declare the Subdivider in default of the Agreement. Section 3. The provided security amount as re'quired in the approved SIA is satisfactory. No additional securities are required. Resolution No. 2007-045 Tract Map No. 30023-5. Trilogy, Shea la Quinta. LtC Adopted: Mev 15. 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 15th day of May 2007, by the following vote, to wit: AYES: Council Members Henderson. Kirk, Osborne, Sniff, Mayor Adolph NOES: None ABSENT: None ABSTAIN: None llio~ City of La Quinta, California ;2: VERONICA J. N ECINO, CMC, City Clerk City of La Q nta, California (City Seal) APPROVED AS TO FORM: