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CC Resolution 2023-004 Polo Villas TM 33085 Time Extension for SIA On-Site ImprovRESOLUTION NO. 2023 — 004 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, GRANTING EXTENSION OF TIME TO DECEMBER 31, 2023, FOR THE COMPLETION OF THE ON -SITE IMPROVEMENTS AS SPECIFIED IN THE SUBDIVISION IMPROVEMENT AGREEMENT FOR TRACT MAP NO. 33085, POLO VILLAS WHEREAS, the City Council approved the Subdivision Improvement Agreement (SIA) for Tract Map No. 33085, on December 19, 2017; and WHEREAS, Section 6. Completion of Improvements, of the approved SIA requires that the developer begin construction of the improvements within ninety (90) days and complete the construction within twelve (12) months after the approval of the SIA; 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 SIA. 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 December 31, 2023. SECTION 2. The time extension for completing the on -site improvements shall expire when City offices close for regular business on December 31, 2023 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. PASSED, APPROVED, and ADOPTED at a regular meeting of the La Quinta City Council held on this 21st day of February, 2023, by the following vote: Resolution No. 2023 — 004 Tract Map No. 33085 — Polo Villas Adopted: February 21, 2023 Page 2 of 2 AYES: Councilmembers Fitzpatrick, McGarrey, Pena, Sanchez, and Mayor Evans NOES: None ABSENT: None ABSTAIN: None LINDA EVANS, Mayor City of La Quinta, California ATTEST: MONIKA RADEVA, Citlerk City of La Quinta, Calif nia APPROVED AS TO FORM: WILLIAM H. IHRKE, y Attorney City of La Quinta, California