Flood Damage

Mount Holly, NJ: (Oct-04-07) A class action lawsuit was filed against seven defendants, over the Rancocas Creek flooding that damaged Burlington County homes and businesses in 2004. The suit, filed by 180 property owners, claimed that they suffered an estimated $25 million in property damage as a result of the flooding. The suit named public and private owners of 21 dams that failed and 30 damaged in the July 2004 storm. The lawsuit alleges the owners failed to maintain them. Reports show that the flooding was most severe in Medford Lakes, Medford, Southampton and Lumberton. The defendants included Pine Acres Associates, Burlington County, Lost Lake Colony Club, the Marlton Lakes Civic Association, and Bowman Contractors.

As part of a settlement reached with Lost Lake Colony Club, the Marlton Lakes Civic Association, which owns Crane Lake Dam in Evesham, three estates that own other dams and Bowman Contractors of West Berlin, the property owners stand to receive a $1.85 million payout. The $1.85 million settlement is subject to judicial approval at a hearing in Superior Court and is the fourth settlement reached so far in the case, bringing the settlement total to $4.9 million. Pine Acres Associates, which owns Kenilworth dams in Evesham, would pay $725,000, making it the largest portion of the latest settlement. $55,000 of the overall settlement will be paid by Burlington County through its insurance company. [COURIER POST: FLOOD DAMAGE]

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