EX-25.1 5 dex251.htm STATEMENT OF ELIGIBILITY Statement of Eligibility

Exhibit 25.1

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM T-1

STATEMENT OF ELIGIBILITY

UNDER THE TRUST INDENTURE ACT OF 1939 OF A

CORPORATION DESIGNATED TO ACT AS TRUSTEE

CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY

OF A TRUSTEE PURSUANT TO SECTION 305(b)(2) [    ]

 

 

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.

(Exact name of trustee as specified in its charter)

 

N/A   95-3571558

(State of incorporation

if not a U.S. national bank)

  

(I.R.S. employer

identification no.)

 

700 South Flower Street, Suite 500

Los Angeles, California

   90017
(Address of principal executive offices)   (Zip code)

Legal Department

The Bank of New York Mellon Trust Company, N.A.

One Wall Street, 15th Floor

New York, NY 10286

(212) 635-1270

(Name, address and telephone number of agent for service)

 

 

STANDARD PACIFIC CORP.

(Exact name of obligor as specified in its charter)

 

Delaware   33-0475989

(State or other jurisdiction

of incorporation or organization)

  

(I.R.S. Employer

Identification No.)

 

26 Technology Drive

Irvine, California

   92618
(Address of principal executive offices)   (Zip code)

 

 

(See table of co-obligors on following page)

 

 

Standard Pacific Corp.’s 10.750% Senior Notes due 2016

(Title of the indenture securities)

 

 

TABLE OF CO-OBLIGORS

The following direct and indirect wholly-owned subsidiaries of Standard Pacific Corp. will guarantee Standard Pacific Corp.’s 10.750% Senior Notes due 2016 and are co-obligors.

 

Name of Subsidiary Guarantor

   

Jurisdiction of
Incorporation or
Organization

   

I.R.S. Employer
Identification No.

Barrington Estates, LLC    Delaware    20-4532769
CH Construction, Inc.    Delaware    20-0340137
CH Florida, Inc.    Delaware    73-1655648
Hilltop Residential, Ltd.    Florida    20-4357502
HSP Arizona, Inc.    Delaware    86-0927140
HSP Tucson, Inc.    Delaware    20-1372059
HWB Construction, Inc.    Delaware    27-0019250
HWB Investments, Inc.    Delaware    27-0019252
Lagoon Valley Residential, LLC    California    20-2636836
LB/L-Duc II Franceschi, LLC    Delaware    95-4847477
Pala Village Investments, Inc.    Delaware    43-1966616
Residential Acquisition GP, LLC    Florida    20-4357574
SP Colony Investments, Inc.    Delaware    74-3044903
SP Coppenbarger Investments, Inc.    Delaware    20-0340118
SP La Floresta, Inc.    Delaware    20-0480222
SPNS Golden Gate, LLC    Delaware    33-0549584
Standard Pacific 1, Inc.    Delaware    20-4356066
Standard Pacific 1, LLC    Delaware    20-4357090
Standard Pacific 2, LLC    Delaware    20-4357125
Standard Pacific of Arizona, Inc.    Delaware    86-0927144
Standard Pacific of Central Florida GP, Inc.    Delaware    74-3044904
Standard Pacific of Central Florida, general partnership    Florida    74-3044855
Standard Pacific of Colorado, Inc.    Delaware    94-3361834
Standard Pacific of Florida GP, Inc.    Delaware    20-4356126
Standard Pacific of Fullerton, Inc.    Delaware    33-0702275
Standard Pacific of Illinois, Inc.    Delaware    20-3317424
Standard Pacific of Jacksonville GP, Inc.    Delaware    20-0302127
Standard Pacific of Jacksonville, general partnership    Florida    11-3708719
Standard Pacific of Las Vegas, Inc.    Delaware    20-2834287
Standard Pacific of Orange County, Inc.    Delaware    33-0558026
Standard Pacific of South Florida GP, Inc.    Delaware    27-0019247
Standard Pacific of South Florida, general partnership    Florida    65-0643480
Standard Pacific of Southwest Florida GP, Inc.    Delaware    74-3066978

Standard Pacific of Southwest Florida, general partnership    Florida    81-0579292
Standard Pacific of Tampa GP, Inc.    Delaware    41-2062547
Standard Pacific of Tampa, general partnership    Florida    81-0579276
Standard Pacific of Texas, Inc.    Delaware    20-4356880
Standard Pacific of the Carolinas, LLC    Delaware    59-3483072
Standard Pacific of Tonner Hills, LLC    Delaware    20-0350714
Standard Pacific of Tucson, Inc.    Delaware    20-1372020
Standard Pacific of Walnut Hills, Inc.    Delaware    03-0505710
Westfield Homes USA, Inc.    Delaware    71-0898386

Item 1. General information.

Furnish the following information as to the trustee:

 

  (a) Name and address of each examining or supervising authority to which it is subject.

 

Name

   

Address

Comptroller of the Currency – United States Department of the Treasury    Washington, D.C. 20219
Federal Reserve Bank    San Francisco, California 94105
Federal Deposit Insurance Corporation    Washington, D.C. 20429

 

  (b) Whether it is authorized to exercise corporate trust powers.

Yes.

 

Item 2. Affiliations with Obligor.

If the obligor is an affiliate of the trustee, describe each such affiliation.

None.

 

Item 16. List of Exhibits.

Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29 under the Trust Indenture Act of 1939 (the “Act”) and 17 C.F.R. 229.10(d).

 

  1. A copy of the articles of association of The Bank of New York Mellon Trust Company, N.A. (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-135006)

 

  2. A copy of certificate of authority of the trustee to commence business. (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-121948).

 

  3. A copy of the authorization of the trustee to exercise corporate trust powers. (Exhibit 3 to Form T-1 filed with Registration Statement No. 333-135006).

 

  4. A copy of the existing by-laws of the trustee. (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-135006).

 

  6. The consent of the trustee required by Section 321(b) of the Act. (Exhibit 6 to Form T-1 filed with Registration Statement No. 333-135006).

 

  7. A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority.

 

  8. Not applicable.

 

  9. Not applicable.

SIGNATURE

Pursuant to the requirements of the Act, the trustee, The Bank of New York Mellon Trust Company, N.A., a banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Chicago, and State of Illinois, on the 5th day of November, 2009.

 

THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A.
By:  

/s/ Sharon McGrath

Name:   Sharon McGrath
Title:   Vice President

EXHIBIT 7

Consolidated Report of Condition of

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.

of 700 South Flower Street, Suite 200, Los Angeles, CA 90017

At the close of business June 30, 2009, published in accordance with Federal regulatory authority instructions.

 

     Dollar Amounts
in Thousands

ASSETS

   

Cash and balances due from depository institutions:

   

Noninterest-bearing balances and currency and coin

      4,627

Interest-bearing balances

      111,263

Securities:

   

Held-to-maturity securities

      22

Available-for-sale securities

      492,259

Federal funds sold and securities purchased under agreements to resell:

   

Federal funds sold

      0

Securities purchased under agreements to resell

      0

Loans and lease financing receivables:

   

Loans and leases held for sale

      0

Loans and leases, net of unearned income

      0

LESS: Allowance for loan and lease losses

      0

Loans and leases, net of unearned income and allowance

      0

Trading assets

      0

Premises and fixed assets (including capitalized leases)

      11,783

Other real estate owned

      0

Investments in unconsolidated subsidiaries and associated companies

      1

Not applicable

   

Intangible assets:

   

Goodwill

      876,153

Other Intangible Assets

      258,262

Other assets

      157,588
      

Total assets

    $ 1,911,958
      

LIABILITIES

   

Deposits:

   

In domestic offices

    599

Noninterest-bearing

    599

Interest-bearing

    0

Not applicable

   

Federal funds purchased and securities sold under agreements to repurchase:

   

Federal funds purchased

    0

Securities sold under agreements to repurchase

    0

Trading liabilities

    0

Other borrowed money:

   

(includes mortgage indebtedness and obligations under capitalized leases)

    268,691

Not applicable

   

Not applicable

   

Subordinated notes and debentures

    0

Other liabilities

    195,831

Total liabilities

    465,121

Minority interest in consolidated subsidiaries

    0

EQUITY CAPITAL

   

Perpetual preferred stock and related surplus

    0

Common stock

    1,000

Surplus (exclude all surplus related to preferred stock)

    1,121,520

Retained earnings

    321,726

Accumulated other comprehensive income

    2,591

Other equity capital components

    0

Total equity capital

    1,446,837
    

Total liabilities and equity capital (sum of items 21 and 28)

    1,911,958
    

I, Karen Bayz, Vice President of the above-named bank do hereby declare that the Reports of Condition and Income (including the supporting schedules) for this report date have been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and are true to the best of my knowledge and belief.

Karen Bayz        )            Vice President

We, the undersigned directors (trustees), attest to the correctness of the Report of Condition (including the supporting schedules) for this report date and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and correct.

 

Michael K. Klugman, President       )    
Frank P. Sulzberger, MD   )  

Directors (Trustees)

  
William D. Lindelof, VP   )