Town of Oro Valley issued the following annoucement on Feb. 17.
The Town of Oro Valley released the Settlement Agreement that served as the foundation for today’s purchase of the former Vistoso Golf Course and announced its preliminary plans for when the Town takes ownership of the property later this year.
Town officials negotiated the agreement between four parties to purchase the property in two separate transactions. The Conservation Fund (TCF) closed escrow on 202 acres of golf course parcels, and developer Ross Rulney closed escrow on a 6.3 acre former clubhouse parcel from Romspen Vistoso LLC (Romspen).
The Oro Valley Town Council has been actively engaged in seeking a workable solution to the future of the property since June 2020. With the settlement agreement and purchase, the former Vistoso Golf Course has been preserved, and the 202 acres will be transferred from TCF to the Town of Oro Valley sometime later this year.
“We appreciate everyone’s patience over the last eighteen months as we worked every angle to develop a purchase and settlement scenario that addressed many complex issues,” said Oro Valley Town Manager Mary Jacobs. “This deal is a real win for the entire community and will result in a unique passive recreation amenity that directly addresses a priority of Town residents for walking and biking trails that we heard during our parks and recreation master planning process last year. We look forward to receiving the property from The Conservation Fund in the near future.”
Town staff will include funding in the FY22/23 budget for immediate safety improvements on the property including repairs and upgrades of paved pathways, reopening the restrooms and general maintenance of the open space, which will be utilized for passive recreation activities such as walking, biking and bird watching. Opportunities will be available for residents to adopt portions of the trails under the Town’s Adopt-A-Program once safety improvements have been completed. The Town expects to work with the community to develop a master plan and capital investment strategy for the property over the next two years.
“This former golf course is near the Tortolita Mountains and provides a tremendous opportunity for natural open space, extensive walking and biking trails, passive recreation and a permanent wildlife corridor that will benefit our community for generations to come,” said Oro Valley Mayor Joe Winfield. “The community has strongly advocated their desire to see this property preserved, and I want to thank my colleagues on the Town Council for their vision and persistence in wanting to see this solution come to fruition. I would like to thank the community for their support and hard sacrifice in raising the necessary funding. I also extend my appreciation to Town Manager Mary Jacobs, Town Attorney Jonathan Rothschild, The Conservation Fund, Ross Rulney and Romspen for diligently working together to finalize this purchase.”
Details of the Settlement Agreement
The Settlement Agreement resolves the dispute regarding Romspen’s assertion of fair market value of the golf course parcels and removes any potential litigation related to a potential condemnation or inverse condemnation action. The settlement further stipulates certain commitments by the four parties that were necessary to consummate the deal. Among them are:
- An agreement that Romspen will receive an aggregate amount of $4.25 million for all former golf course parcels. In separate purchase and sales agreements, The Conservation Fund (TCF) and Rulney paid a combined $3,365,000 for approximately 202 acres and the 6.3 acre parcel respectively. The Town agreed to settle its disputes for $885,000.
- TCF requires the property to be held for conservation purposes in perpetuity and will work with the Town to eventually transfer the 202 acres of golf course parcels to the Town for natural open space and passive recreation while holding a conservation easement over the property.
- Rulney agrees to limit its construction of an allowed multi-family residential complex to a maximum of two stories, up to 132 units. The Town agrees to provide zoning site relief, and TCF and the Town agree that approximately 1.5 acres of adjacent property can be used for drainage, public parking, utilities, open space/passive recreation and related uses.
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