Friday, April 13, 2012
News / North Carolina / environment N.C. Attorney General's office to D.R. Horton: More info, please
Posted by Lisa Sorg on Fri, Apr 13, 2012 at 11:05 AM
The N.C. Attorney General's office sent a letter yesterday to lawyers for D.R. Horton about how the homebuilder notified prospective buyers that their properties would not include the mineral rights.
As the Indy reported on April 4, D.R. Horton, one of the nation's largest homebuilders, assigned the mineral rights of at least 425 properties in the Triangle to its energy subsidiary, DRH Energy.
By stripping the properties of the mineral rights, homeowners cannot control the mining, drilling or fracking activities beneath their properties. In addition, many banks and financial lenders, including the State Employees' Credit Union, Freddie Mac and Fannie Mae, will not back mortgages on properties that don't have mineral rights or on which the owners have signed leasing agreements to drilling companies.
The letter to D.R. Horton, written by Assistant Attorney General of the Consumer Protection Division, Lynne Weaver, states that it is "unclear when disclosures are first made to home buyers" about the mineral rights.
Weaver goes on to ask that D.R. Horton provide "a description of all oral and written disclosures" about the rights, and copies of any documents containing the disclosure.
The Indy has a received Horton sales contract from a local attorney; we are reviewing it. Check back for details.
Tuesday, April 3, 2012
Chapel Hill / Orange County / Carrboro / business Chapel Hill-Carrboro YMCA ends formal discussions with YMCA of the Triangle
Posted by Joe Schwartz on Tue, Apr 3, 2012 at 12:56 PM
Young man (and other concerned parties), there's no need to feel down. The Chapel Hill Carrboro YMCA announced Friday that it ended its pursuit of a formal relationship with the YMCA of the Triangle.
Talk of teaming up, including a possible merger, riled the community for 18 months. The Raleigh-based YMCA of the Triangle, which runs a dozen Piedmont-area YMCAs, does not list sexual orientation as a protected class in employment materials.
Jennifer Trapani, president of the Chapel Hill-Carrboro YMCA Board of Directors, said the decision to no longer seek a partnership was mutual. The controversy played a part in the discussions, but it was not the only factor in Friday's announcement.
"Our community is obviously very important to us. Our YMCA is an organization for our community, so we were trying to listen to everyone's comments and concerns openly," she said.
"We were very convinced that they are not an organization that discriminates at all, but still, the uneasiness from our community made them and us concerned."
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