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CC Resolution 2012-014RESOLUTION NO. 2012 - 014 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, GRANTING AN EXTENSION OF TIME FOR THE COMPLETION OF THE OFF -SITE IMPROVEMENTS AS SPECIFIED IN THE APPROVED AMENDED SUBDIVISION IMPROVEMENT AGREEMENT TO MAY 15, 2013 FOR AMENDED TRACT MAP NO. 31732, PALIZADA. WHEREAS, the City Council approved- the Subdivision Improvement Agreement (SIA) for Tract Map No. 31732, Palizada, on April 7, 2006; and WHEREAS, the City Council approved the Amended Subdivision Improvement Agreement (SIA) for Amended Tract Map No. 31732, Palizada, on July 5, 2007; and WHEREAS, Section 6. Completion of Improvements of the approved Amended 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 original Agreement; and WHEREAS, failure by the Subdivider to complete construction of the improvements by April 7, 2012, 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 Amended 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'Councii of the City of La Quinta, California, as follows: SECTION 1 . The time for the completion of the off-site ' improvements as required by the approved Amended SIA is extended to May 15, 2013. 1 ' SECTION 2 . The time extension for completing the improvements shall expire when City offices close for regular business on May 15, 2013. 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. 2012 -014 Amended Tract Map No. 31732, Palizada Adopted: May 15, 2012 Page 2 SECTION 3 . The provided security amount as required in the approved Amended 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 15 day of May 2012, by the following vote: AYES: Council Members Evans, Franklin, Henderson, Osborne, Mayor Adolph NOES: None ABSENT: None ABSTAIN: None DON AD PH, yor City of La Quinta, California ATTEST: SUSAN MAYSELS, IfVerim City Clerk City of La Quinta, California (SEAL) <' . a �. APPROVED- FORM: M. KP(tIJERINE JENrq, City Attorney City of La Quinta, Cplif rnia