NEWHALL : Group Accepts $1.3-Million Settlement From Developer

A group of homeowners has accepted a $1.3-million settlement from the developer who built their Stevenson Ranch complex in Newhall, saying they need the money for repairs and improvements that they were promised when they bought their homes, attorneys said Monday.

In addition to mending roofs, electrical wiring and plumbing fixtures, the settlement will pay for paving an incomplete street and building a swimming pool that was promised to the 56 residents of the Marblehead development, attorneys and residents said.

“Basically, we are hoping to get these people the community that they thought they were buying into,” said Dana Perlman, attorney for the Marblehead Homeowners Assn.

The settlement, which does not include any admission of wrongdoing, is expected to be approved by a Superior Court judge at a hearing April 26, Perlman said.

“We are pleased that the case was settled on an amicable basis,” said Stephen Flaherty, attorney for CCR Associates and Stone Properties Inc.