Century Homebuilders pays wetlands settlement

Miami /
Apr.April 24, 2013 01:00 PM

Miami developer Sergio Pino’s Century Homebuilders paid a $460,000 settlement to conclude a six-year, federal wetlands protection case, Daily Business Review reported.

The federal government gave Century, where Pino is president and chief executive, a permit for the Islands of Doral development in West Miami-Dade County in 2003, with one caveat.

To compensate for destroying 415 acres of wetlands, the company signed a consent decree, agreeing to create a 47-acre wetlands preserve, clear invasive species and plant more than 100,000 native plants, according to a 2010 report in the Miami Herald.

Century Homebuilders never built the preserve. A federal civil case was filed in December 2009 by the Justice Department on behalf of the U.S. Army Corps of Engineers.

A U.S. district court judge ordered Century to pay a $400,000 fine and $60,000 in regulatory fees, with some of the money to go to Everglades National Park, the Business Review said.

The settlement mentions evidence from the developer about “the limits of their ability to pay,” according to the Herald.

Century Homebuilders affiliate companies have surrendered properties to release debt, the South Florida Business Review reported. [Daily Business Review]Emily Schmall


Related Articles

arrow_forward_ios
A map highlighting both the entire Arden home community and the portion that GL Homes bought with GL Homes President Misha Ezratti (GL Homes, Google Maps)
GL Homes pays $28M for homesites at Arden near Wellington
GL Homes pays $28M for homesites at Arden near Wellington
Lennar’s Stuart Miller (Lennar, iStock)
Lennar proposes 1,335 homes and revamped golf course in Homestead’s Keys Gate
Lennar proposes 1,335 homes and revamped golf course in Homestead’s Keys Gate
 Lennar's Stuart Miller with the Southern Boulevard (Google Maps)
Lennar pays $190M for remainder of Arden homesites near Wellington
Lennar pays $190M for remainder of Arden homesites near Wellington
Land gobbler: Lennar pays $25M for dev site near Pinecrest
Land gobbler: Lennar pays $25M for dev site near Pinecrest
Land gobbler: Lennar pays $25M for dev site near Pinecrest
Lennar's Stuart Miller (Lennar, Gogle Maps, iStock)
Lennar sells Landmark at Doral clubhouse to homeowners association for $16M
Lennar sells Landmark at Doral clubhouse to homeowners association for $16M
Stuart Miller, executive chairman, Lennar (Lennar, Dorthy Jacks, CFA, AAS)
Lennar buys 188 acres for homesites at Arden near Wellington
Lennar buys 188 acres for homesites at Arden near Wellington
GL Homes President Misha Ezratti and 9275 Beaujolais Ave in Delray Beach (Ezratti via Lila Photo, Google Maps)
Delray Beach homeowners say clubhouse and other amenities falling apart at GL Homes’ project: lawsuit
Delray Beach homeowners say clubhouse and other amenities falling apart at GL Homes’ project: lawsuit
Century Homebuilders Group's Sergio Pino (Century Homebuilders Group, Google Maps)
Sergio Pino teams up with Treo to redevelop Florida City RV park
Sergio Pino teams up with Treo to redevelop Florida City RV park
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...