Standard Pacific Committed To $2.6 M In Infrastructure On Lytle Creek Development

(May 11) Standard Pacific Corporation will be required to finance $2,634,000 worth of infrastructure as a condition of resuming the development of 98 lots in the unincorporated county area near Devore.
The Standard Pacific Corporation recently purchased the property, consisting of  Tract 16977-1 located northerly of Lytle Creek Wash and southerly of the intersection of  Glen Helen Parkway with State Highway Interstate, from Lennar Homes. Lennar initially obtained approval for the project in 2006 and committed to completing the required road and drainage, and water improvements by August 22, 2008. The board of supervisors granted Lennar five extensions on its completion date from September 9, 2008 to August 22, 2009;  January 12, 2010 to August 22, 2010; December 14, 2010 to August 22, 2011; from November 1, 2011 to August 22, 2012; and from December 18, 2012 to August 22, 2013. The county allowed those delays upon Lennar maintaining that “poor economic conditions” prevented it from proceeding with the project.
Standard Pacific has committed to take over from Lennar the promise to expend $1,033,000 on materials and $516,500 on labor for road and materials;  $402,000 on materials and $201,000 on labor for a water system;  $294,000 on materials and $147,000 on labor for a sewer system; and  $27,000 on materials and  $13,500 on labor for landscaping. It obtained a surety bond to satisfy the county that the work would be completed.

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