We plan to tell the story of how this all came about. It is indeed a very complicated story.
Today, we start our story with the result: The settlement agreement that was signed for the purchase of the property.
Resulted from a deal that required a “settlement agreement”
“A settlement agreement is a legal contract that resolves the disputes among all parties by coming to an agreement. It is a legal document where all parties in a court case, in civil law, agree to an outcome of any judgment being made in advance.” (https://www.legalmatch.com/law-library/article/what-is-a-settlement-agreement.html). When it comes to the Vistoso Golf Course, there are many issues that needed to be resolved. The most important of which was what development was going to be allowed on the property. There is after all a 6+ acre parcel that is already zoned for apartments. Then there is the 202 acre golf course including a clubhouse that could have been potentially used for a variety of purposes. The settlement agreement states exactly how all of this was resolved.
The deal has six key elements
- 202 acres will be a permanent nature preserve.That is the golf courses.
- 6+ acres, the clubhouse area, will house proximally 132 apartments
- The apartments will be no higher than two stories. The property is zoned for up to a three-story apartment building.
- A small portion, roughly 1 acre, adjacent to the the 6+ acres will be available for use for parking for the apartments.
- No county recapture of property taxes will be incurred by any party as a result of the sale.
- Romspen will receive funds as detailed in the panel at right
Romspen (Vistoso) LLC
Ross Rulney
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Want to learn more? Read the Settlement Agreement here.










