The Conservation Fund (Fund) is pleased to announce substantive progress is occurring relative to negotiations with the Town of Oro Valley and representatives from Romspen Vistoso, LLC, concerning the purchase of the former Vistoso Golf Course. As reported in earlier communication, securing the 202 +/-acre property is contingent upon reaching agreement based upon an updated appraisal establishing current fair market value. The report has been completed and we expect to reach final agreement following the upcoming Town Council meeting scheduled the week of September 6th.
In the interim, we are asking for your continued patience and understanding while the Fund and the Town work through specific details in furtherance of finalizing necessary agreements. The Fund has also developed a draft Conservation Easement to ensure the property will be protected and managed for conservation and open space, in perpetuity, prior to transferring the land to the Town of Oro Valley for long-term ownership and management.
The Fund shares the collective passion to preserve this unique property and we expect to be able to make a formal announcement around September 9th. We will make every effort to coordinate directly with all interested parties, including Preserve Vistoso and the many residents who have long supported this important effort. In the interim, we are respectfully asking everyone to refrain from speculation, rumor, innuendo, or any other information unless you hear directly from the Town or the Fund.
We want to thank everyone for your continued trust and confidence. Your support, financial generosity, and valuable input will be needed now more than ever as we work to create lasting results for everyone. We remain cautiously optimistic resolution of this longstanding effort is finally possible under mutually acceptable conditions.
For more information please visit PreserveVistoso.org