D. R. Horton, which built the Grande at Kings Woods, had requested that the township release three performance bonds worth a total of $581,683 attached to the development.
In a unanimous decision, the committee moved in March to release the bonds on the condition that the developer perform certain repairs at the development by May 1.
Residents of the development have long complained about unfinished construction and other issues with their homes and property. The township tried to mediate in November 2006, when officials held a meeting with D. R. Horton and residents at the RiverWinds Community Center.
Township engineer Edwin Steck inspected the property and wrote in a letter dated April 24 that the repairs hadn't been completed. The township committee voted at its next meeting on May 1 to withhold the performance bonds.
A few days later, representatives of D. R. Horton contacted the township to have the property inspected, and said the work was done.
"They waited until the eleventh hour to complete the work," Angelini said. "They failed to get it done in a timely manner. So basically the committee decided at that time to reject the release of (those bonds)."
The development group led by locally based Olympia Group has filed a multimillion dollar lawsuit against the nation's largest home builder for a breach of contract.
November 2005 Land Investors filed the lawsuit Wednesday in Clark County District Court against DRHI, a subsidiary of Fort Worth, Texas-based D.R. Horton. The lawsuit claims the builder is in default of an infrastructure agreement and owes $4.1 million plus interest for unpaid costs related to the 2,675-acre Park Highlands master-planned community in North Las Vegas.
-Apparently D R Horton only does whats in its own best interests. DHI will break contracts and leave consumers and partners high and dry if that warranty and contracted business doesnt pad their own coffers. They would prefer to burn bridges and never get return customers or ostracize other better and more responsible builders to save a few dollars.-