F&H sold the golf property to Lakewood Oaks Golf Club, Ltd. I. The Golf Club was sold to the members, to be operated as a private Golf Club with equity memberships.  They successfully operated the Golf Club and made many quality improvements during the next 15 years. These included a lake drawn irrigation system throughout the course, a beautiful water feature cascading down a portion of the back nine, and a large clubhouse expansion to include new dining and banquet space.