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LAKE FOREST

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Residents waiting for the development of Concourse Park have almost 650,000 reasons to applaud today.

The city expects to receive a check for $648,250 from the developer of Portola Hills to help cover the cost of the long-awaited, seven-acre park along Saddleback Ranch Road.

The development has been stalled for years because the city did not have the funds to pay for maintenance once the park was built, said Mark Pulone, the city’s director of management services.

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In April, the city and county entered into an agreement calling for the city to build and maintain the park if the county agreed to fund part of it.

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