PRESERVE VISTOSO PARTNERING WITH THE CONSERVATION FUND
A SUCCESSFUL OUTCOME
Preserve Vistoso is pleased that "The Conservation Fund" (TCF) has submitted a letter of intent to Romspen Investments to purchase the entire 208-acre former Vistoso Golf Course. TCF is negotiating directly with Romspen regarding the purchase of the property using ready capital from an internal “Revolving Fund” that provides initial funding for the purchase. Preserve Vistoso is partnering with TCF to replenish its acquisition funds. The property would ultimately be deeded to the Town of Oro Valley when the acquisition funds are paid back. An integral part of the purchase would be an easement assuring that the land will be public open space in perpetuity.
THE CONSERVATION FUND
The Conservation Fund is a U.S. based environmental, non-profit organization founded in 1985. It is well known for efficiency in preserving over 8 million acres of land in all 50 states. They are accredited through the Land Trust Alliance which sets national standards for protecting natural places and working lands to ensure that conservation efforts are permanent. TCF focuses on the intersection of conservation and community and believes that environmental protection and economic vitality are inseparable. They are dedicated to addressing the uniqueness of each conservation effort and the means to achieve a good result for all parties. In the case of the Romspen property, a successful outcome would prevent development forever and preserve both the natural environment and the Native American artifacts.
The Conservation Fund is negotiating directly with the property owner, Romspen, to purchase the property. If negotiations are successful, TCF intends to use their internal 'Revolving Fund' which is used to provide the ready capital for land acquisition. In the interim, TCF is also working with the Town of Oro Valley to establish mutually acceptable terms for the property to be made part of the Town's public open space area. A conservation easement will also be put on the property by TCF in order to ensure that it is preserved as public open space and protected in perpetuity.
Preserve Vistoso is not a party to the negotiations but is expected to make a good-faith promise to cooperate with TCF, mainly by raising funds that will replenish TCF's Revolving Fund which will be deployed to purchase the property. While fund-raising began prior to TCF's involvement, we are confident that our community will continue to give and support this important effort which will secure the benefits that we enjoy for years to come.
PLEDGES TO ACQUIRE THE PROPERTY
TCF is overseeing the critical fundraising component and is partnering with Preserve Vistoso on a campaign to acquire donations of any size which will only be used toward the property acquisition. Donations and gifts provided for this effort will be held in a separate dedicated fund controlled by TCF in adherence with IRS requirements. The ambitious goal of raising a significant amount of money is a critical step to a successful conclusion.
Preserve Vistoso asks its members and the entire community to make financial pledges which are strictly directed to the acquisition. These pledges would be redeemed by TCF only as specified by pledger, typically "at closing." They may be further qualified or restricted by the pledger and will be cancelled if conditions are not met or the acquisition does not occur. Gifts to The Conservation Fund are considered charitable contributions by the IRS. TCF’s tax exemption number is 52-1388917.
We ask you to pledge by downloading and filling out the PDF form below. Please return your pledge as an email attachment to:
Kirste Kowalsky, Arizona Field Representative, Conservation Acquisitions
Alternately, you can print the form and mail it to:
The Conservation Fund
1655 N. Fort Myer Drive, Suite 1300
Arlington, VA 22209
If you would like to arrange for an individual conference with one of Preserve Vistoso's Directors regarding the acquisition or any questions about the pledging process, email Gerald Bren:
All pledges or donations will be acknowledged.