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CC Resolution 2007-099 RESOLUTION NO. 2007-099 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 IMPROVEMENTS AS SPECIFIED IN THE APPROVED SUBDIVISION IMPROVEMENT AGREEMENT TO APRIL 30, 2008 FOR TRACT MAP NO. 32068, GOLD RESERVE AT THE CITRUS. WHEREAS, the City Council approved the Subdivision Improvement Agreement (SIAl for Tract Map No. 32068, Gold Reserve at the Citrus, on October 18,2006;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 October 18, 2007, 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: Sectio'l 1. The time for the completion of ilnprovements as required by the approved SIA is extended to April 30, 2008. Section 2. The time extension for completing the improvements shall expire when City offices close for regular business on April 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. 2007-099 Tract Map No. 32068. Gold Reserve at the Citrus Adopted: November 6. 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 6th day of November 2007, by the following vote, to wit: AYES: Council Members Henderson, Kirk, Osborne, Sniff, Mayor Adolph NOES: None ABSENT: None ABSTAIN: None \~D~ City of La Quinta, California ATTEST: VERONICA J. M ECINO, CMC, City Clerk City of La Quirt"", California (City Seal) APPROVED AS TO FORM: S ,City Attorney Ifornia /