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CC Resolution 2014-061RESOLUTION NO. 2014 - 061 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, -CALIFORNIA, GRANTING AN EXTENSION OF TIME TO AUGUST 2, 2015 FOR THE COMPLETION OF THE OFF-SITE AND -ON-SITE. -IMPROVEMENTS AS SPECIFIED IN THE .. SUBDIVISION IMPROVEMENT AGREEMENTS FOR TRACT MAP NO. 30092, PIAZZA SERENA WHEREAS, the City Council approved the Subdivision Improvement Agreements (SIA) for Tract Map No. 30092, Piazza Serena, on February 3, 2005; 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 Agreements; and WHEREAS, failure by the developer to complete construction of the improvements by August 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 agreements; 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 Agreements. 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 August 2, 2015. SECTION 2. The time extension for completing the improvements shall expire when City offices close for regular business on August 2, 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. 2014-061 Tract Map No. 30092 Extension to Complete Off -Site & On -Site Improvements Adopted: November 18, 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 18th day of November 2014, by the following vote: AYES: Council Members Evans, Franklin, Henderson, Osborne, Mayor Adolph NOES: None ABSENT: None ABSTAIN: None DON A .OLP Mayor City of La Quinta, California ATTEST: SUSAN MAYSELS, Ci Clerk City of La Quinta, California (CITY SEAL) APPROVED -AS TO FORM: WILLIAM H. IHRK , City Attorney City of La Quinta, California