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CC Resolution 2014-001RESOLUTION NO. 2014 - 001 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 SUBDIVISION IMPROVEMENT AGREEMENT UNTIL SEPTEMBER 16, 2014 FOR TRACT MAP NO. 31627, RESIDENCE CLUB AT PGA WEST WHEREAS, the City Council approved the Subdivision Improvement Agreement (SIA) for Tract Map No. 31627, Residence Club at PGA West on April 15, 2004; and WHEREAS, Section 6. Completion of Improvements, of the approved SIA requires that the developer 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 developer to complete construction of the improvements by October 1, 2014 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, the developer has committed to completing the final lift of paving for the interior street and complete the survey monumentation; 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 off -site and on -site improvements as required by the approved SIA is extended to October 1, 2014. SECTION 2. The time extension for completing the improvements shall expire when City offices close for regular business on October 1, 2014 if the installation of the improvements has not been completed. Resolution No. 2014 -001 Tract Map No. 31627, The Residence Club at PGA West Extension to Complete On -Site Improvements Adopted: February 4, 2014 Page 2 SECTION 3. The provided security amount as required in the approved 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 4th day of February 2014, by the following vote: AYES: Council Members Evans, Henderson, Osborne NOES: None ABSENT: Council Member Franklin, Mayor Adolph ABSTAIN: None OSBORNE, Mayor Pro Tem of La Quinta, California ATTEST: .�, SUSAN MAYSELS, City Jerk City of La Quinta, California (CITY SEAL) i �V M. KATHERINE JEI�IS , , City Attorney City of La Quinta, Ifornia