The original clubhouse was built in 1960. At the beginning of the Chapter 11 process, we explained that values may be negatively affected. The reorganization plan imposes a one-time special assessment of $2,000. Are the fines associated with the October 2020 preliminary ruling being assessed currently? The Lakeside Homeowners would lose as much as any other owner would if the bankruptcy ended in a liquidation.. How much are you paying for these signs Im seeing, and this PR firm? This included signage, team captain materials and t-shirts. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. In a media release, the HOA board seemed to attribute most of their problems to recent legal action over Lake Elaine, a man-made lake within the country club that has been the center of controversy for years. If we had hired a professional HOA management team a few years ago, could we have avoided all this? These properties have individual property management companies who handles their CC&R enforcement and day-to-day operation. HOA Documents Articles of Incorporation CC&Rs Bylaws Membership Policies 2380 N. Oakmont Drive, Flagstaff, AZ 86004 (928) 526-5125 www.continentalflagstaff.com . Are you looking for a great restaurant? Flyer Link. We have the receipts. Make sure there is an adequate amount in the reserves in case of major problems such as: roof repairs, asphalt repairs, pool issues and/or property defects. Once that happens, and at the approval of the homeowners, selling the golf course is something that can be discussed. The Country Inn at Camden Rockport Show prices Enter dates to see prices 505 reviews #1 Best Value of 15 places to stay in Rockport By Allyson R "The staff is fantastic, the room clean and comfortable, the continental breakfast delicious and hot. Posted about 2 hours ago $2,950 / 3br - 1145ft2 - Beautifully remodeled 3bed,2bath in Green Mountain home!1 WEEK FREE* (461 S. $3,875 / 1br - 682ft 2 - One bedroom home with vaulted ceiling and balcony . Learn More on our tournaments page. If you are looking for our main website, click here. . So, you know, we know that the association is trying to make this look like it's the bankruptcy is all about Lake Elaine, but the association has a number of financial problems, several of which are not related to Lake Elaine, Bliss said. Can we just abandon the property? But [Continental] withdrew from those discussions and instead filed for bankruptcy., One of these flexible options that the Legionnaires indicated would be acceptable to them is a plan to refill Lake Elaine to a lower elevation below where a majority of the lakes liner failure and leaks have been occurring. Continental County Club has filed for Chapter 11 bankruptcy protection, but daily operations wont change. Now, the HOA faces bankruptcy if it can't come up with $2.5 million. It is disingenuous for any group to shift the blame to the reserve study, and then not vote to fund the maintenance and improvements identified in the study.. Continental Country Club HOA Chula Vista, CA Before buying in Continental Country Club HOA you will want to check out their reserve funds, budgets, bylaws as well as the rules and restrictions of the community. The 18-hole championship golf course at Continental Country Club is among the best-rated public courses in Flagstaff come visit us today to see why! Its those reasons why the Club went into Chapter 11 bankruptcy in February of 2021. There are approximately 1,360 single-family homes (in addition to 1,030 townhouses, condos, and timeshares) within the Continental Country Club Homeowners Association. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. Two yeses mean $2.5M goes to either Option 1 or 2 as determined by creditors. This filing allows Continental and its homeowners the chance for a fresh start so we can best address several issues, Held said. In 2006 Continental Country Club succeeded in unifying (11) different sets of CC&Rs for individual single-family subdivisions. A July 14 article for the Arizona Daily Sun explored the issue through testimony from management of the country clubs homeowners association and other residents. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! Continental Country Club filed a Chapter 11 Petition for Bankruptcy Protection on Tuesday, February 9th, 2021 in the U.S. Bankruptcy Court in the District of Arizona. There are constant ongoing repairs and improvements required for these assets that must be addressed. Why am I paying for amenities I dont use? Continental Country Club Resorts, Wildwood Real Estate & Homes for Sale 13 Homes Sort by Relevant Listings Brokered by Four Star Home Brokers, Inc. For Sale $180,000 2 bed 2 bath 1,056 sqft 6,711. The reason for the increases are due to ongoing financial concerns involving Lake Elaine, a $600-thousand balloon payment due regarding irrigation of the golf course and ongoing deferred maintenance to some of the amenities. There are many types of townhomes available from $300,000 - $500,000. HOA Legal Name: CONTINENTAL COUNTRY CLUB, INC. Reserve funds are used for large projects such as replacements or repairs within the homeowners association. Situated below Mount Elden in Flagstaff, AZ, the 18-hole championship golf course at Continental Country Club was designed by Bob E. Baldock. Court testimony confirmed what the Class already knew: The Lake holds water and can be fixed. Ensure continued use of our club amenities and environment. Continental Country Club Listings. The lake level has been falling because water is seeping out despite previous attempts to seal the lake bottom. Homeowners have a duty to pay their annual dues and this holds true even while in a Chapter 11 reorganization. He recalled clear statements in meeting minutes from Continentals board of directors meeting that the reserves were significantly inadequate back in 2014., There was no follow-through, and the reserves are still woefully inadequate, Nilsson said. This anomaly resulted in 1994. If we dont reach quorum on special assessment, then we can go out a second time on special assessment but must have 30% quorum (participation) that round and of that, 2/3 must vote Yes. 27470 Jefferson Ave. Pizza making Mamma mia, we love this one! Option #1 would be to deed the land to the 52 lakefront owners and pay them $2.5 million to repair and maintain the lake in perpetuity. You can cancel at any time. If the Assessment and dues increase fails, and the HOA converts to Chapter 7, will the Lake Elaine lawsuit continue? More information on the voting process for residents of the neighborhood can be found at continentalflagstaff.com/the-voting-process-on-the-two-fees/. In November, the chain announced the first CFC would be built in Monroe, OH, near its home base of Cincinnati. Mo. The Continental Country Club constructed Lake Elaine back in the 1970s. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. Ballots go out June 28th, and need to be mailed or returned in-person, Owners who do not return an absentee ballot will be allowed to vote in person at July 30th special meeting, We must reach 60% of quorum (or participation of homeowners in the vote), 2/3 of those voting must vote yes on BOTH ballots for it to be approved, Results announced in special meeting of the members on Saturday, July 30th. Search And Rescue Crews Tended To An Injured Hiker On Mt. Continental Country Club Home and Lot Sales, Long-Term & Seasonal Rentals Are Currently Handled By: Click on the Link Below to See the Available Homes For Sale www.FourStarHomes.com Click this Link for Rental Homes. Here are the top City of Flagstaff stories from 2022. A future owner of your home may find golf or the other amenities appealing. Joining the Continental Country Club HOA is the easiest way to protect your propertys value! For HOA info, property manager and board member contact, HOA fees, maintenance requests, estoppel, complaints, HOA rules & regulations, documents, amenities, real estate purchase/sales, wind mitigation requests, and architectural/landscape committee. You can cancel at any time. Subscribe to our Daily Headlines newsletter. This community dates back to 1975 and has continued to develop over the years. We face possible conversion to Chapter 7 Bankruptcy and liquidation of all our assets reduced or possible loss of club amenities such as tennis, pickleball, pool, golf and clubhouse. For these reasons, they continue to urge Continental residents to vote to approve the specially assessment payment of $2,000 and the 20% increase on annual dues, suggesting its the financially responsible thing to do. The required work would require Engineers, Contractors, and time. Property Type Single Family Residential HOA Dues $46/month Year Built 1985 Community Continental Cntry Clb Lot Size 0.29 Acres MLS# 192424 Price Insights List Price $849,900 Est. Thank you to everyone who came out and play, we are looking forward to some exciting changes in-store for next year. Held says the work would take time and millions of dollars. Meeste parka Helly Hansen Continental XL UUS. They say Lake Elaine can be fixed, and that Continental can afford it but is using bankruptcy to shirk legal obligations established in 1990, suggesting that the Lake Elaine issue is being used to distract from a bigger issue: decades of financial mismanagement. At the time of the study, Continentals reserve balance was $54,291. But the residents involved in the class action suit believe repairing the lake isn't nearly that expensive. The restrictions contained in a declaration are covenants that run with the land and cannot be terminated by the owner. But some lakefront residents on the other side of the legal battle have a different perspective. Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. What is the source of funds that are being used to pay for all the signage and banners to support the special assessment? Voting to approve these additional funds ends July 28. At Continental, you are more than a member; you are part of the family. Other areas of compromise included an offer to push out the full Lake Elaine repair as long as 10 years, providing additional running room to plan and capitalize for a proper longer-term repair. Is there a Special Assessment Payment Plan? 50 Continental Blvd. There are no positives., Dissatisfied as the Legionnaires might be about the current state of Lake Elaine and Continentals proposed solutions, A successful vote is actually in everyones best interest, said Legionnaire and lakefront resident Tim Harrington in an email to the Arizona Daily Sun. The benefits are endless and your experiences will last a lifetime. When were the clubhouse and clubhouse pool built? The intent in filing Chapter 11 Reorganization was to give CCC the opportunity to develop a reorganization plan and develop a solid financial footing for the future. The Social Membership is ideal for those living in the area that desire a place to enjoy the company of family and friends and meet other members of their community. Get up-to-the-minute news sent straight to your device. Why are there currently some members paying different assessment rates? The timing will depend on whether or not our members approve the two fees necessary to support the reorganization plan and the legal processes that will ultimately approve our reorganization plan. Reorganization comes after decades of the Association kicking the can down the road. This includes CC&Rs enforcement on the property, common area maintenance, amenities access and social activities. John Held, president of the board of directors for the country club sent out a letter Wednesday announcing the boards decision and the reasons why. Join Us Today learn more on our membership page, Outing services feature green fees with cart, personalized cart signs, local rules sheet and much more. They want the lake fixed, Bliss said. Even more, we do all the work of the Deed Restriction for you! Example turn the golf course into single-family homes. We will keep our facilities open and our employees will be working to ensure business as usual. and review fee to: Continental Country Club Architectural Control Committee 2380 N. Oakmont Dr. Flagstaff, AZ 86004 Front Rear Sides Lakeside Acres I 25 25 1) 25 Lakeside Acres II & III 20 20 10 They are down to earth, fun-loving people that enjoy spending time together laughing over great food and refreshing drinks. The criteria is based on the HOA community rules and regulations, bylaws and accountability. How does the Chapter 11 filing affect me as a Continental Country Club Member? If the plan is approved, Murray says there are two options that can be done with the land. The Court further concluded that failure to plan did not equate to an inability to comply., While the Legionnaires do not deny Continentals precarious financial situation, they dont think it inhibits or excuses them from upholding legal obligations surrounding Lake Elaine. The special assessment will go into effect immediately and the annual dues increase, phased over three years, is estimated to begin in 2024. https://continentalflagstaff.com/planning-for-a-special-assessment-of-2000/, As the CC&Rs are currently written, townhome and condos have the right to vote on special assessments and on annual assessment increases of over 20%. This option would release the Association from, Option #2 would be to spend that $2.5 million and create the new amenity. The reason for the increases are due to ongoing financial concerns involving Lake Elaine, a $600-thousand balloon payment due regarding irrigation of the golf course and ongoing deferred maintenance to some of the amenities. The remaining properties consist of Townhomes, Condos and timeshares. Flagstaff, AZ 86004, Call Continental Country Club at (928) 526-5125, on our EZLinks tee times page in a new tab. Our clubhouse is over 50 years old and the other amenities require maintenance and repair. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. Continental Country Club home prices vary from luxury homes to more affordable homes that might be perfect for first-time buyers. An automatic stay is a provision in the bankruptcy law that temporarily prevents creditors, collections agencies, government entities, and individuals from pursuing Continental for amounts owed. A big vote is underway at Continental Country Club in East Flagstaff. The funds usually have strict criteria for how they are to be used. There was a problem saving your notification. Payment $4,996 Price/Sq.Ft. Each year, members may elect a new board or move to a professional management association. After the October 30th preliminary ruling, the board studied and reviewed all possibilities, along with speaking with several professionals and our attorneys. Why didnt the Board give us a warning that this was going to happen? 150 Saab tingida. Email notifications are only sent once a day, and only if there are new matching items. Yes, on November 16, 2021 the board unanimously passed a one-time resolution allowing townhome/condominium members a vote on the two fees that are required to support the reorganization plan. Are you looking for a great golf course?Are you looking for a great restaurant?Are you looking for a great 55+ retirement community?Then, youve come to the right place. When will we know about the timing and amount of any assessments that will be needed? The aforementioned 2019 Terracon report does indicate that there are viable solutions to refill Lake Elaine including short-term use of the existing liner or a more long-term geomembrane liner but does not shy from saying that the porous limestone and geologic conditions in the area are problematic for a lake or reservoir. It goes on to say that it can certainly be argued that this site was a poor choice for a lake or water feature of any significant size., Another 2019 engineering report from Natural Channel Designs reached similar conclusions, saying the geologic and environmental setting of the lake presents significant challenges to its continued existence. Back then, the increase had to be approved in each single-family subdivision. Fixing the lake to accommodate the mandated water level would require extensive work including repairs to the dam, repairs to the liner between the 6,835 and 6,845 levels or the possible replacement of the entire liner, and sinkhole repairs. Not currently but we hope that our members will approve the two fees required to support the reorganization plan that will provide our HOA with a healthier and stronger future. The Continental Country Club in Flagstaff is bankrupt. Please subscribe to keep reading. For the good of our residents and those who enjoy our facilities, it was time to take action.. We are located on St Rte 44 just 2.5 miles east of Brownwood, CLICK IMAGE TO REGISTER FOR IMPORTANT EMAILS WITH IMPORTANT INFORMATION, KINDLE AND ANDROID USERS: CLICK HERE TO DOWNLOAD OUR APP, Resident, Dan Kane compiled an informative list of links to the areaclick below:CCC HELPFUL LINKS, 50 Continental Blvd., Highway 44 East, Wildwood, Florida 34785. {{start_at_rate}} {{format_dollars}} {{start_price}} {{format_cents}} {{term}}, {{promotional_format_dollars}}{{promotional_price}}{{promotional_format_cents}} {{term}}, Nebraska cheerleader competes by herself at state competition, but crowd doesn't let her feel alone, One we will all remember: Flagstaff sees second-snowiest winter in recorded history to date, Trees also feeling effects of winter storms in Flagstaff, Driver arrested for DUI, kidnapping after hitting a Flagstaff police patrol vehicle, Flagstaff History: Powwow is a 'go' for summer, Flagstaff Eagles win first girls basketball title in 31 years, The experience for jurors in Coconino County is changing, Letter to the Editor: Local pleads to city to put foot down on short-term rentals, Flagstaff schools planning to make up instructional time after this winter's snow days, Investigation underway after body found near Sunset Crater National Monument, Flagstaff and Summit Fire crews battle Baderville house fire in a blizzard Thursday night, KFC is bringing back a fan favorite after a nearly 10-year hiatus, Former NFL star Chad Johnson says he saved money by living inside Cincinnati Bengals stadium for 2 years, Another winter storm to drop 14-22 inches of snow on Flagstaff, northern Arizona, continentalflagstaff.com/the-voting-process-on-the-two-fees/, City of Flagstaff Year in Review: Housing, transportation key considerations as city develops, Moscow reportedly threatened new parents in Ukraine: Register your newborns as Russian or else, The impact of climate change will be felt worse in these three U.S. cities, Scientists reveal hidden corridor in Great Pyramid of Giza, Greece train crash: Public anger grows as death toll rises. Register for our eClub to receive regular offers and updates from Continental CC! Other factors include a $600-thousand balloon payment coming due on a loan that was taken out in 2011 to complete installation of a new irrigation system on the course, and additional costs far exceeded the revenue generated by HOA fees. To him, the results of this 2020 study were disturbing.. HOA Fee Includes The Coconino County Superior Court agreed, and for this reason found the Association in contempt of the 1990 Judgment, imposing daily sanctions to encourage compliance. There was a problem saving your notification. 2380 N Oakmont Dr Helly Hansen Active Winter sulejope UUS! If Option B is selected, the redesign will be the Associations responsibility. Board Members for Continental Country Club Ro: Title Name Mailing Address Location; Dire . The Board had to consider how it could meet the obligations and fill the lake to a level that, according to experts, has never been sustainable. If APPROVED and Option A is selected, then the property will be deeded to the Lake Elaine owners. Why did the Board decide to take this step now? Below you can find information for the homeowners association including HOA fee includes, community features and amenities. They pay the full membership dues and receive the same benefits. Starting in 2024, associate members would owe an additional $63 for 2024, 2025, and 2026. You have permission to edit this article. Is there money set aside for the management of the HOA & enforcement of CC&Rs? Contact ClubCorp for social membership dues questions: 623-742-6200 Download homeowners online payment guide. Four Star Homes has Properties in Adult, Family, and Senior Communities throughout Central Florida. That resulted in two levels. Wyndham also contributes 50% of the cost of running the Fitness Center and pays for all Capital Improvements at Bear Paw + 60% of the operational day-to-day costs. The money for the signs was donated. What is the process required to divest the HOA of Lake Elaine? Quite honestly, I can't imagine a professional management company letting this happen. View Properties for Sale at Continental Country Club located in Wildwood, FL. It has asked residents to vote to approve a $2,000 special assessment payment and a 20% increase in annual dues to help the country club emerge from bankruptcy and turn Lake Elaine into something less costly. As stated at the 2/12/21 meeting, the Board is taking ALL homeowners concerns regarding voting equality seriously and plans to include the townhomes and condos in all future votes, if legally possible. For more information contact Continental Country Club Guest Services at . Continental has known about its financial challenges for years, even decades, but neglected to plan for or properly address them. In a recent newsletter to Continental residents, General Manager Tahlia Murray confirmed that if unable to emerge from Chapter 11 Bankruptcy and forced to file Chapter 7 Bankruptcy, the Lake Elaine lawsuit would cease, as the HOA cannot be sued by Lake Elaine property owners or any other entity under Chapter 7. Indeed, in a letter to HOA members, Held said the organization also has a $600,000 balloon payment on a loan taken out in 2011 for the installation of a new irrigation system. The fee had been set to begin at the start of February, but due to the bankruptcy, it has been put on hold. Beyond the potential Lake Elaine obligations, we have a 50-year-old building, and numerous amenities. ", The issue is further complicated by the fact that Continental and the Legionnaires cant seem to agree on how much it would cost to repair and maintain even a small lake option. By 2026, the annual dues increase will be $189. These membership tiers are subdivision specific. Continental Country Club Flagstaff, AZ 86004 Situated below Mount Elden in Flagstaff, AZ, the 18-hole championship golf course at Continental Country Club was designed by Bob E. Baldock. Court reservations required. We do support the vote for the additional funds for the homeowners association.. CCC also had a balloon payment due in October, for $600,000. Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. Not necessarily. The first payment would be due the same day as the due date for the special assessment. The Kroger Co. Panda Express is expanding to east Flagstaff. Were empathetic to those on fixed incomes, and offer payment plans to ease burdens. Continental Country Club's HOA files for Chapter 11 bankruptcy (AZ) 17 Feb, 2021 Print this article Font size - 16 + In an email, the board president of the Continental Country Club HOA said the organization is facing several financial challenges, including the issue over Lake Elaine. The costs are too much of a burden for members on a fixed income? The Continental Country Club in Flagstaff is bankrupt. Can a trustee remove the restrictions on the use of the golf course to sell it for maximum value? Tract D (Lake Elaine) is currently owned by the Association. Log in, Continental Country Club HOA Chula Vista, CA, Alicante at San Miguel Ranch HOA Chula Vista, CA. junio 12, 2022. jonah bobo 2005 . How do timeshares fit into the funding picture? Held says the bankruptcy wont close the golf course or force any layoffs and daily operations will go on as normal. The perceived pattern of mismanagement plays into the perspective put forward in court by the suing class of lakefront homeowners the Lakeside Legionnaires as they call themselves. Who owns the property Lake Elaine is on and who is responsible for its redevelopment and construction? Will there be an increase to my annual assessment? Is it possible to leave the HOA so we're not part of it? But, in the 1990s, disaster struck. Continental received $1500 in donations for marketing materials for the campaign. By the end of the year, they expected they could get that number to $125,000. That would be within the discretion of the trustee. The Trustee is charged with maximizing distributions to creditors. In the same newsletter, Murray quoted Patrick A. Clisham of Engelman Berger, the legal counsel to Continental Country Club, as having said Chapter 7 means chaos. Without an additional court order, the Trustee steps into the Debtors shoes and inherits any and all land restrictions, encumbrances, etc. Our main desire is for members and guests, alike, to have a memorable golfing experience. The fee had been set to begin at the start of February, . How will this affect the value of my home? In a Chapter 7 does the HOA remain in place? Continental Country Club Who are the members of CCC? If it is to be divested, it must be accepted by a third party. In a Chapter 7 does the trustee manage the HOA? (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). This area is served by the Sweetwater Union High attendance zone. Three People Were Killed In A Multi-Vehicle Accident On I-40 Near Williams Tuesday, Flagstaffs Mayor Paul Deasy Declares A State Of Emergency For The City Due To Post-Pipeline Fire Flooding, Grand Falls Closed To Visitors Until Further Notice, Over 30-Inches Of Snow Fell Near Downtown Flagstaff And Kachina Village From The Latest Storm, Arizona State Forestry Allocates $27-Million To Flagstaff And Coconino County, Flagstaff Beats Pueblo To Win The 4A Girls State Basketball Title, School Closings And Delays, Along With Other Weather-Related Matters For Thursday In Northern Arizona, NAU, FUSD Closed As A Major Winter Storm Leaves Feet Of Snow Behind, Missing Man, Who Was Last Believed To Be In Williams, Has Been Found Safe, ADOT Holding A Public, In-Person Meeting In Flagstaff Next Wednesday, Winter Storm Warning Extended To 11 A.M. Thursday For Flagstaff And Surrounding Areas, Copyright 2023 Great Circle Media | All Rights Reserved | Privacy Policy. What remains to be seen is whether Continental will get the votes they need to avoid Chapter 7, what will finally become of the contentious Lake Elaine,and whether the organization will be able to repair its financial situation in the long run. It is not true that the Lakeside Homeowners want to bankrupt [Continental], the Legionnaire statement says. We do not currently expect the LFOs to elect Option A. The court ruled in October the man-made lake must be repaired and the association would be fined $700 a day until work started, then lowered to $500 a day until work was completed. Continental Country Club - 78 Spaces is an apartment community located in San Diego County and the 91911 ZIP Code. The work and fines until the lake was filled amounted to a lot of money that our Association does not have. Full members will pay $550 annually, Associate members will pay $365 annually, Likely negative impact on property values, $15 Million Lake Elaine dispute unresolved, unknown outcome of the Lake land. Print Subscribe Was this page helpful? One major reason is due to an October 2020 ruling that the clubs homeowners association must repair and refill Lake Elaine after leakage from the lake was discovered. In 2020 Continental knew it had some big expenses coming up, and the study was designed to help it figure out how to keep money in the bank. Reserve your next round of golf with our quick and convenient online booking engine. In 2017, residents came back and asked the court to hold the HOA in contempt for not following through on its mandate to keep the lake full. . And it's free! Continental Country Club General Manager Talia Murray says if approved, the one-time assessment can be paid over two years by residents and HOA fees wouldnt go up until 2024 and increase over three years. She adds however, if the plan isnt approved, Chapter 11 could turn into Chapter Seven and assets within the club could be sold off to pay for the current debt. That could mean events like, the annual Easter Egg hunt, breakfast with Santa and Lights on the Lawn could be in jeopardy. In an email, the board president of the Continental Country Club HOA said the organization is facing several financial challenges, including the issue over Lake Elaine. You have permission to edit this article. Zillow has 3 homes for sale in 34785 matching Continental Country Club. Some of that is the result of limitations on the Associations revenues and on its ability to raise dues or impose special assessments.
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