Taxes Paid: The Baldwin Co. said Thursday...
Taxes Paid: The Baldwin Co. said Thursday that it has fended off foreclosure on 326 acres of commercial land in Portola Hills by paying $619,000 in overdue property taxes.
The Orange County Board of Supervisors on Tuesday voted to file a notice of default against the Irvine builder, which had put up the land as collateral for $25 million in county bonds to finance roads and other infrastructure at its Portola Hills residential development.
Al Baldwin, company president, said the builder has been in an ongoing dispute with the local taxing district over the timing of the infrastructure’s completion. “We have some concerns because the improvements are not yet finished,” he said.
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