The Village at Izatys

Welcome to the Village at Izatys, II's only Minnesota based Premier Gold Resort.

The Village at Izatys on Lake Mille Lacs, only 90 minutes from the Twin Cities, is an exclusive yet affordable resort with year-round activities. Owners at the Village at Izatys enjoy full use of facilities of the renowned Izatys Resort including one of Minnesota's top golf courses, Blackbrook , the spectacular club house, outdoor pool, bar and restaurants and the full service marina.

Whether your interests include golfing, boating, and fishing or snowmobiling, cross-country skiing and ice-fishing, the Village at Izatys offers four seasons of endless activities.

8/24/11

Please check under the 'Resort Updates' for the newest updates on the resort

4/30/11

To all Village at Izatys Timeshare Association Owners,

There was a fire in unit 116 of The Izatys Townhome Association last evening. The units affected were 116,115,114 and 113. No one was hurt and there is no damage to any other units. This in no way affected any Timeshare Units.

April 13, 2011

Izatys bank seeks new purchase agreement

The Izatys purchase was up in the air at press time on April 10. Roy Winjum is still hopeful that he will complete his purchase of Izatys Resort and get to work on a 250-site RV park when the ground thaws.

On Monday, April 4, Winjum appeared in Mille Lacs County District Court seeking an extension to the purchase agreement he signed over a year ago with Commerce Bank, the current owner of the resort.

Winjum said USDA financing fell through as a result of budget battles in Washington, but he intends to line up new financing over the next few weeks and needs the purchase agreement extended to make that happen.

According to Jason Tollette, Izatys property manager for Commerce Bank, the bank would like to renegotiate the expired purchase agreement, but they have no interest in halting the sale.

Tollette said of Commerce Bank, “They are wanting a little more money. But nothing that’s a deal breaker. The bank just wants to start fresh with a cleaned up purchase agreement.”

The closing was initially planned for May or June of 2010, but it was postponed until fall, when it was postponed again.

In the meantime, Winjum has been working with Mille Lacs County to obtain the necessary permits and with the city of Wahkon, which has agreed to let Winjum hook up to the city’s sewer ponds.

Tollette said the sewer has been the biggest holdup. “I think that an agreement has been reached with the city of Wahkon,” he said. “That’s the last piece of the puzzle.”

Tollette said the golf course is tentatively scheduled to open on April 22. “The weather could change that, but that’s our goal,” he added.

April 27th, 2010

Izatys Resort Now Open!                 

As of April 16th, Izatys Resorts Black Brook golf course has been open.  The restaurant, bar, and marina are also open limited hours until May 1st, 2010.

Izatys 2009: A Pleasant Surprise

When Jason Tollette announced that a pair of local businesses were going to join him to open Izatys Resort in April 2009, skeptics grinned. Since the resort filed for bankruptcy and closed abruptly in October 2007, there just wasn't much to be positive about.
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February 12, 2009

Commerce Bank Gets First Izatys Offer.
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September 19, 2008

on September 11, 2008, Izatys Group LLC has turned over control of the Izatys Resort property to Commerce Bank.
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September 12, 2008

After months of uncertainty, U.S. Bankruptcy Court Judge Nancy Dreher has ordered that the Izatys Group, LLC Chapter 11 reorganization case be converted to a Chapter 7 liquidation.
more

June 19th, 2008

Just prior to Wednesday's hearing Izatys Group and Commerce Bank reached an agreement which will allow Izatys until August 31, 2008 to implement its work-out plan.
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