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CC Resolution 2014-033RESOLUTION NO. 2014-033 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 SUBDIVISION IMPROVEMENT AGREEMENTS UNTIL JULY 15, 2015 FOR PARCEL MAP NO. 35900, ARNOLD PALMER OFFICE BUILDINGS WHEREAS, the City Council approved the Subdivision Improvement Agreements (SIA) for Parcel Map No. 35900, Arnold Palmer Office Buildings, on December 1, 2008; 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 January 2, 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, 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 and off-site improvements as required by the approved SIAs is extended to July 15, 2015. l SECTION 2. The time extension for -completing the improvements shall .expire when City offices close for _regular business on July 15, 2015 if the installation of the improvements has not been completed. SECTION 3. The provided security amount as required in the approved SIA is satisfactory. No additional securities are required: Resolution No. 2014-033 Parcel Map No. 35900 Extension to Complete On -Site & Off -Site Improvements Adopted: July 15, 2014 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 15th day of July 2014, by the following vote: AYES: Council Members Evans, Franklin, Henderson, Osborne, Mayor Adolph NOES: None ABSENT: None ATTEST: S7 KXYU 4-- SUSAN MAYSELS, City tAerk City of La Quinta, California (CITY SEAL) APPROVED AS TO FORM: WILLIAM H. IHRKE, City Attorney City of La Quinta, California CIS4.j _ L DON AD LPH, or City of La Quinta, California