As you can see from the cabinet minutes link in the post below and as you can see from the decisions record http://tdc-mg-dmz.thanet.gov.uk/Published/C00000151/M00001142/$$$Decisions.doc.htm it would appear that the performance bond has still not materialised.
The big question would seem to be has SFP got the money to build the development?
It says that it has a call in date of 20.5.2009 not being familiar with planning law I am not quite sure what this means but am assuming it means that they have to come up with the answer by then.
Could it be that after all this time the council are coming to the conclusion that having this development in the hands of a developer that never appears to have developed anything else could be a mistake.
I have also noticed Your Thanet has covered this story see http://www.yourthanet.co.uk/kent-news/Pleasurama-site--council-demands-cash-assurance-newsinkent24316.aspx?news=local
It would appear from that that SFP have already spent over £2,000,000 on the road layout built without a flood risk assessment strongly recommended by the EA, see http://www.michaelsbookshop.com/ea/ the waste that occurs with an absentee developer is incredible.