The future location of Parkland Place Town Center. The former Heron Bay Golf Course looking north. The Marriott, out of frame, is south. The major road on the right is Coral Ridge/Nob Hill.
By Bryan Boggiano
The Parkland City Commission will discuss amending the purchase agreement with Toll Brothers to develop a 21-acre section of the former Heron Bay Golf Course into luxury real estate.
The change in question extends the due diligence period by 45 days from Oct. 30 at 5 p.m. until Dec. 14.
On Aug. 16, the commission approved the purchase with Toll Brothers, which included a 75-day due diligence period. During this time, Toll Brothers could conduct inspections and investigations to determine whether the property is suitable for development.
But, on Oct. 12, developers and city staff, including city attorney Anthony Soroka and city manager Nancy Morando, received an email from Elizabeth Jones, a partner at Shutts and Bowen LLP, a legal firm representing Toll Brothers.
In the email, Jones stated that although Toll Brothers has made a lot of progress and remains committed to seeing the project through, items such as the legal description of the property and an underwriting decision from the title examiner cannot be resolved by Oct. 30.
Jones continues that the property’s legal description in the purchase and sale agreement must be corrected to match the survey.
While Toll Brothers’s surveyor is working on the correction, Jones writes that the title company requested additional documentation that Shutts and Bowen are tracking down. These documents would need to be reviewed and analyzed so Toll Brothers can obtain a title insurance policy.
Plans for the residential portion of the former Heron Bay Golf Course call for a maximum of 52 luxury homes on 21 acres of land. A commercial use is planned for the area immediately south, which the commission recently discussed preliminary plans for.
The commission will discuss the amendment and vote on the changes for the residential portion at their Oct. 18 meeting, starting at 7 p.m.
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