News

01.27.10

January 28 Early Update on the Hills at Rivermist Community in San Antonio

San Antonio, Texas, January 28, 2010 — Initial findings by engineers investigating the soil movement on the hillside in the Hills at Rivermist community continue to point to a significant soil shift on the slope which resulted in the eventual damage to portions of the retaining wall. Tests are still being conducted by engineers to determine exactly why the soil moved Sunday night.

Centex leaders met with City of San Antonio officials late Wednesday afternoon to review the engineer’s plans used to construct the affected retaining wall at the community, as well as various material testing documents related to the construction of the wall.

During its meeting with City officials, Centex restated its commitment to work with the City, Hills at Rivermist residents, and third-party experts by continuing its regular communications and quick response to residents’ needs. In addition, Centex confirmed that it intends to fully support the recommendations of the City and its professionals regarding when the remaining displaced residents may return to their homes.

Centex continues to meet with residents impacted by this incident to review their concerns and ensure their interim housing needs are being met. Centex continues to pay for hotel and other accommodations and meals for the remaining displaced residents. Further, information updates are now available to Rivermist homeowners at http://www.rivermistinfo.com.

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