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Topeka RDC approves covenants and bond terms for Club 720’s Sycamore Grove housing project
Summary
The Town of Topeka Redevelopment Commission on May 11 approved covenants and final bond terms for the Club 720 Sycamore Grove housing development and referred one item for further committee review; Club 720 said it will organize a ribbon-cutting.
The Town of Topeka Redevelopment Commission voted May 11 to approve developer covenants and final bond terms for the Club 720 ‘‘Sycamore Grove’’ housing project, while directing further committee review of one component and receiving a short project update.
The approvals came on motions by commission members after the project team presented documents for commission action. On the covenants, Club 720 representative Ryan Chasey said the developer ‘‘would like to thank Bill on all the work/help with the housing,’’ a comment the commission recorded in the minutes. The commission approved the covenants on a motion by Board Vice President Marlynn Mast, seconded by Adam Lambright; the vote was recorded as all ayes.
The commission also voted to approve the final terms for a bond tied to the Sycamore Grove project. Commission minutes show the motion was made by Mast and seconded by Ray Folk; the motion carried unanimously. The transcript records approval of the bond terms but does not list the bond amount or the detailed financing schedule.
Separately, commissioners approved a committee request to continue discussion of a related Sycamore Grove item and to bring it back to a future RDC meeting; that motion, made by Ray Folk and seconded by Adam Lambright, passed with all ayes and was recorded as direction for further review rather than a final decision.
During a brief update, Chasey thanked Town Attorney Bill Eberhard for assistance on the project and said Club 720 would work on a ribbon-cutting; Commissioner Adam Lambright asked about the ribbon-cutting timing and Chasey said he would coordinate the event.
The commission’s actions advance the Sycamore Grove project’s next administrative steps — covenant execution, bond finalization and plat corrections — but the recorded minutes do not include financing totals, dates for construction milestones, or a schedule for the ribbon-cutting. Commissioners set follow-up review on the outstanding committee item for a future RDC meeting.
The commission adjourned at 5:15 p.m.; its next general meeting is scheduled for June 8, 2026, following the Town Council meeting.
