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Mehen $4,000 per month from August 1997 through June 1998 for
marketing services.
Petitioner was president of Peyton Community Builders (PCB),
a residential and commercial building construction company,
during all relevant times. Previously, petitioner had been
president and chairman of the Del Webb Commercial Properties
Division, a land development company. In 1987, petitioner was
involved in developing Forest Highlands, an upscale golf
community located in the Flagstaff area.
Subject Property
The subject property was 404 acres of undeveloped land with
a mix of dry lake bed, steep hillsides, and pine and aspen
forests. It offered scenic views of the San Francisco Peaks and
the city of Flagstaff. The dry lake was formed by volcanic
activity over 1,000 years ago.
The property was owned by Cherry Properties, LLC (Cherry).
Cherry was owned by Rex and Ruth Maughan, who acquired the
subject property in 1994 from the Resolution Trust Corp.
Ronald Walker (Walker) was Rex Maughan’s real estate broker.
As part of his due diligence, in or before 1994, Walker met with
the Coconino County planning director and reviewed the 1983
Coconino County Board of Supervisors minutes (1983 minutes).
Walker discovered that the subject property was zoned for 1,596
residential units, a golf course, a school, and commercial
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