Purchase of former Vistoso Golf Course Nears Completion

Due diligence completed
"The Conservation Fund has completed remaining due diligence and notified all parties of our ability to close on the property as soon as possible. The Sellers’s (Romspen) have signed and delivered all documents, and everything remains in full force and effect. In addition, a parallel agreement involving the purchase of the 6-acre Club House parcel has been signed and approved. Finally, the settlement agreement among the Town of Oro Valley, The Conservation Fund, Romspen, and the private purchaser has been executed.  

Suffice to say this has been a complicated transaction involving multiple parties, two separate escrow agreements, and a host of administrative approvals and legal details. Despite those logistical challenges, everything has come together as planned and we are in complete agreement as we proceed towards closing.  

Purchase of former Vistoso Golf Course expected by January 21st

Our original goal was to close on or before December 30th, but that date has been extended into early January. We have encountered some minor delays that have impacted timing, mostly related to capacity (or lack thereof), traditional end of year activities, holiday leave, and escalating health and safety restrictions common to business and government. However, there are no open issues between Romspen, and the parties and we will make a formal announcement as soon as possible contingent with closing.  

I expect to be able to confirm everything between now and January 21st. In the meantime, we appreciate everyone’s continued support, patience, and understanding. We continue to work with the Town and others relative to future planning and management of the property while under interim management by The Conservation Fund.  

Wishing everyone a happy and prosperous New Year.

Mike Ford 

Nevada and Southwest Director 

The Conservation Fund"

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