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CITY OF COLTON <br />AGENDA REPORT <br />For Council Meeting October 6, 1992 <br />To: Honorable Mayor and City Council <br />FROM: John C. Hutton, Director of Public Works Date: 9/16/92 <br />cf <br />Subject: Final acceptance Tracts 12203 and 12204 <br />BACKGROUND: <br />Tract #12203 and 12204 are located in the Reche Canyon area. <br />DISCUSSION• <br />The owner of the tracts Paradise Hills Associates is requesting <br />final acceptance of the tract and release of the Letters of Credit <br />issued by Bel -Air Savings and Loan Association which is now known <br />as Topa Savings Bank. <br />ALTERNATIVE• <br />None <br />FINANCIAL IMPACT: <br />None <br />RECOMMENDATION• <br />Staff recommends that Council accept Tracts 12203 and 12204 as 100% <br />completed and authorize the release of the bonds. <br />4-c-4, z" <br />Concurrenc 6�' G <br />Attachments: <br />Page 1 of __'1__ Item No. 23_ <br />D1:FINALAGEN <br />