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CC Resolution 2007-080 RESOLUTION NO. 2007-080 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, GRANTING AN EXTENSION OF TIME FOR THE COMPLETION OF THE ON-SITE AND OFF-SITE IMPROVEMENTS AS SPECIFIED IN THE APPROVED SUBDIVISION IMPROVEMENT AGREEMENT TO AUGUST 30, 2008 FOR TRACT MAP NO. 31627, THE RESIDENCE CLUB AT PGA WEST. WHEREAS, the City Council approved the Subdivision Improvement Agreement (SIA) for Tract Map No. 31627, The Residence Club at PGA West, on April 15, 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 April 15, 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 improvements with additions or revisions to the terrn;$ 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 to August 30, 2008. Section 2. The time extension for completing the improvements shall expire when City offices close for regular business on August 30, 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. 2007-080 Tract Map No. 31627, The Residence Club at PGA West Adopted: September 18. 2007 Pege 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 18'h day of September 2007, by the following vote, to wit: AYES: Council Members Henderson, Kirk, Osborn, Sniff, Mayor Adolph NOES: None ABSENT: None ABSTAIN: None DON ADO PH, yor City of La Quinta, California ATTEST: VERONICA J. TE€:INO, CMC, City Clerk City of La Q . ta, California (City Seal) APPROVED AS TO FORM: