Aurora HOA wins $13.5 million award in dispute with Texas homebuilder

DENVER BUSINESS JOURNAL - A homeowners association in Aurora has received an arbitration award of $13.5 million in a dispute with D.R. Horton Inc., according to a statement from the HOA's attorneys, Benson, Kerrane, Storz & Nelson PC.

The HOA for The Conservatory neighborhood, roughly located along Hampden Avenue west of E-470, received the award against KDB Homes, a subsidiary of the Texas-based D.R. Horton, in a dispute over water damage related to the community's underdrain system, the release states.

A homeowner first reported problems with water backing up through her sump pit and flooding her basement in 2014, and while investigating the issue, the HOA discovered that many of the homes in the area were connected to a drainage system that was intended to collect groundwater from the foundations of the homes and carry the water under the streets and out of the community. But that system was failing, according to the release.

The HOA attempted to perform maintenance on the system itself, but failed and turned to D.R. Horton for assistance, but the company was not willing to pay for the maintenance, the release states.

Read more at Denver Business Journal.

© 2017 American City Business Journals.


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