Sept. 27, 2007 — St. George Villas homeowners finally hit pay dirt as $5 million stemming from a lawsuit over their poorly constructed homes was released.
In a statement Wednesday, Gov. John de Jongh, Jr. said the funds were identified by the 26th Legislature and the present Legislature passed an amendment ensuring the funds remained available until expended.
“Now that the settlement has been signed, I have taken steps to make certain the monies are released to the homeowners as soon as possible,” de Jongh said in the statement. "For too long, their quality of life has been negatively impacted and I thank them for their patience as we worked towards the settlement.”
The homeowners filed suit in 2003 citing that their homes were severely damaged and should be considered for demolition. There are 61 modular homes in the St. George Villas development which were built between 1991 and 1993. Homeowners had expressed concerns that the end of the Fiscal Year 2007 was approaching without any indication of when the settlement agreement money would be released.
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