In addition to the previous comments, the top and bottom of the whole saga whichever side of the fence you happen to be on, is that the council own the ground and can and do, do exactly what they like with it (the club even have to pay extra for floodlight use for extra training sessions).
Think about it, we all know the funds have been in place for years, various plans and ammendments have been drawn up (mostly at the chairman's expense) all of these ammendments have been at the request of third parties ie, not the club. It may be a little cynical to suggest this, but if you had £125k or whatever in your bank and although it didn't belong to you, you could keep any interest accrued, just maybe it might be in your interest to keep it there as long as possible.
Just a thought, I'm sure the council always does things in the best interest of it's tax payers and would never stoop so low (particularly when the real people who make the decisions are unelected civil servants).