City Council

1. APPROVE AMENDMENT NO. 5 AND RELATED DOCUMENTS TO PURCHASE, 73\nSALE, AND DEVELOPMENT AGREEMENT WITH SILVERROCK\nDEVELOPMENT COMPANY, LLC, SILVERROCK PHASE I, LLC, AND\nSILVERROCK LAND II, LLC, TALUS LA QUINTA (FORMERLY\nSILVERROCK GOLF RESORT) AND REQUIRE DEVELOPER TO PRESENT\nMONTHLY PROGRESS UPDATES AT COUNCIL MEETINGS ONCE\nFINANCING IS CLOSED AND UNTIL THE LUXURY HOTEL IS OPEN