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CC Resolution 2012-057RESOLUTION NO. 2012 - 057 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, GRANTING AN EXTENSION OF TIME FOR THE COMPLETION OF THE ONSITE IMPROVEMENTS AS SPECIFIED IN THE APPROVED SUBDIVISION IMPROVEMENT AGREEMENT TO OCTOBER 18, 2013 FOR TRACT MAP NO. 34969, THE MADISON CLUB CLUBHOUSE WHEREAS, the City Council approved the Subdivision Improvement Agreement (SIA) for Tract Map No. 34969, The Madison Club Clubhouse, on April 16, 2008; 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, 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 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: Section 1 . The time for the completion of the on -site improvements as required by the approved SIA is extended to October 18, 2013. Section 2 . The time extension for completing the improvements shall expire when City offices close for regular business on October 18, 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. . Section 3 . The provided security amount as required in the approved SIA is satisfactory. No additional securities are required. Resolution No. 2012 -057 Tract Map No. 34969, The Madison Club Clubhouse Extension to Complete Onsite Improvements Adopted: October 16, 2012 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 16 day of October 2012, by the following vote, to wit: AYES: Councilmembers Evans, Franklin, Henderson, Osborne, Mayor Adolph NOES: None ABSENT: None IT If_1ILl ML CM ATTEST: 5L 0�AA� SUSAN MAYSELS, Cq Clerk City of La Quinta, California (CITY SEAL) - APPROVED AS TO FORM: r � . K T RI E JEN610 City Attorney City of La Quinta, dafifornia nvv-� 1� DON ADO H, Ma r City of La Quinta, California