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CC Resolution 2015-040RESOLUTION NO. 2015 - 040 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, GRANTING EXTENSION OF TIME TO SEPTEMBER 15, 2016 FOR THE COMPLETION OF THE ON- SITE IMPROVEMENTS AS SPECIFIED IN THE SUBDIVISION IMPROVEMENT AGREEMENT FOR TRACT MAP NO. 32751, CITRUS EL DORADO WHEREAS, the City Council approved the Subdivision Improvement Agreement (SIA) for Tract Map No. 32751, on May 1, 2007; 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, the recent six year recession caused multiple developer delays and hardship resulting in an extended gap in time since the last Council -approved extension to September 20, 2012; and WHEREAS, the developer, Citrus El Dorado, LLC, requested a time, extension; 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 September 15, 2016. SECTION 2. The time extension for completing the on-site improvements shall expire when City offices close for regular business on September 15, 2016 if the installation of the on-site improvements has not been completed. 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. Resolution No. 2015-040 Time Extension - Tract Map No. 32751 Adopted: September 15, 2015 Page 2 PASSED, APPROVED and ADOPTED at a regular meeting of the La Quinta City Council held on this 15th day of September 2015, by the following vote: AYES: Council Members Franklin, Osborne, Pena, Radi, Mayor Evans NOES: None ABSENT: None ABSTAIN: None LINDA EVANS, Mayor City of La Quinta, California ATTEST: G' SUSAN MAYSELS, City Cl k City of La Quinta, California (CITY SEAL) APPROVED AS TO FORM: WILLIAM H. IHRKE, City Attorney City of La Quinta, California