This would include 4-5 ponds, walking trails, benches, limited parking and would be open to, With either option, and assuming successful confirmation of our reorganization plan by the bankruptcy court, we have no ongoing legal obligation to continue any litigation from lakefront homeowners. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. Once that happens, and at the approval of the homeowners, selling the golf course is something that can be discussed. A filing for Bankruptcy can take many forms, including a Chapter 11 Reorganization. We have the receipts. The obligation to pay dues at least at their current level runs with the land. Continental is responsible for those owners access to amenities and common area maintenance. Come see us today! All owners of lots subject to the declaration are required to be members of Continental Country Club, Inc., per the recorded declaration. ", 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. You know, we think a partial repair could have been done for as little as $600,000, said attorney Jason Bliss with the office of Aspey Watkins and Diesel, who is representing the homeowners. 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. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. The . HOA Documents Articles of Incorporation CC&Rs Bylaws Membership Policies If I haven't yet paid my annual dues, will they still have to be paid? Background: How did we get in this situation regarding Lake Elaine and the Bankruptcy? Held says the work would take time and millions of dollars. Ensure continued use of our club amenities and environment. At Continental, you are more than a member; you are part of the family. Continental Country Club HOA in Flagstaff, AZ - HOA Resource 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. Continental Country Club Homeowners Association, Flagstaff AZ - HOA 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. The truth is that the Association has simply failed to perform any real repair or maintenance of the Lake for 27 years now. Why am I paying for amenities I dont use? We have developed such a plan and are confident that if our members approve the two fees to support it, we will take a big step towards a better future for our Association, https://continentalflagstaff.com/things-to-know-the-continental-country-club-reserve-study/. Continental Country Club Homes for Sale - Best Flagstaff Homes Continental Country Club HOA is a community located in Chula Vista, CA (San Diego County). Flagstaff City Championship Flyer The availability of these amenities, whether used or not, makes CCC a desirable neighborhood and increases property values. The property cannot be abandoned. The trustee is appointed to liquidate and pay, not operate. 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. Main: (928) 526-5125Oakmont: (928) 526-7990Golf Shop: (928) 527-7997Bear Paw: (928) 522-1588, 2023 CONTINENTAL COUNTRY CLUB ALL RIGHTS RESERVED. Caractersticas Helly Hansen Arctic Patrol H2Flow Parka. Contenido de Even more, we do all the work of the Deed Restriction for you! PDF Continental Country Club Design Review Form - Cybergolf That's not true. The Wyndham Timeshares (125 units) are Full Members of Continental just like all other owners. The Ferraro Groups contract and the previous Cindy May Marketing contract are for the same amount. You can cancel at any time. 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. HOA of Continental CC Files for Chapter 11 Protection - Club 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. Were voting for a smaller cost now ($2,000 to cover the $2.5M), to protect ourselves from possible larger costs later, unending litigation and the $15 million claim of the LFOs that could not be addressed any other way outside of bankruptcy, to protect our amenities and eradicate Lake Elaine issues. Are you looking for a great 55+ retirement community? Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. The community is gated, includes 24/7 security and even allows pets. What happens if 2 YES (APPROVE) for Special Assessment and Annual Dues Increase? 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. At the beginning of the Chapter 11 process, we explained that values may be negatively affected. If we convert to Chapter 7, the HOA cannot be sued by Lake Elaine property owners or any other entity. Situated below Mount Elden in Flagstaff, AZ, the 18-hole championship golf course at Continental Country Club was designed by Bob E. Baldock. Continental Country Club Continental Country Club Website Continental Country Club Townhomes and Condos Property listings 1 - 2 of 2 1 Sort by: Open House $320,000 MLS # 192269 1 Bed 1 Bath 745 Sqft Status: Active Condominium 2650 Valley View Drive Unit 226 Flagstaff, AZ 86004 $465,000 MLS # 191389 2 Beds 2 Baths 1,387 Sqft Status: Active Townhome One that was, you know, competent., Financial mismanagement reaches further back than the 2020 study, said resident John Nilsson. 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. Jon Held, the president of the associations board of directors, said the filing will not impact day-to-day operations of the country club, including the public golf course and the Oakmont Restaurant, and won't mean any layoffs. Is it possible to leave the HOA so we're not part of it? Continental Country Club - 34785 Real Estate - 3 Homes For Sale - Zillow The fee had been set to begin at the start of February, but due to the bankruptcy, it has been put on hold. We do not currently expect the LFOs to elect Option A. The Class also estimates this temporary solution could be completed quickly in months, not years. But, in the 1990s, disaster struck. Why did the Board decide to take this step now? 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. There were several additions made in the 1970s. The Continental CC course can host up to 144 golfers at a time with a shot gun start. The fee had been set to begin at the start of February, . Do all members of the HOA get to vote for the new HOA Dues and Special Assessment? And its free! Continental Country Club Powered by GolfNow.com Book a Tee Time Satellite Layout Tees Track Rounds Scorecard Course Details Year Built 1972 Golf Season Year round Architect Ron Garl (1972) Rentals/Services Carts Yes - included in green fees Clubs Yes Practice/Instruction Driving Range Yes Golf School Academy Yes - "Stephen Wresh Golf Academy" Zillow has 3 homes for sale in 34785 matching Continental Country Club. That would be within the discretion of the trustee. The Course is open to homeowners and timeshare owners residing within subdivisions of Continental Country Club's Homeowners Association. At the time of the study, Continentals reserve balance was $54,291. President - The president of the Board presides at all meetings of the Board of Directors. The Associations responsibility to maintain Lake Elaine has been well established for decades based on a 1990 court-ordered Judgment that the Coconino County Superior Court upheld in October of 2020 following nearly four years of litigation, including multiple attempts at mediation and a weeklong hearing. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! 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. In their statement, they note that lakefront homeowners have been very willing to work with [Continental] to negotiate a creative solution that would allow for repair of the lake as part of a holistic approach to address [Continentals] broad financial challenges., In their opinion, Continental has refused to meet them halfway and has tried to use the bankruptcy process to block enforcement of the 1990 Settlement Judgment and the 2020 contempt ruling., Lakeside Homeowners attempted to negotiate flexible options allowing for repair of the lake over time, the Legionnaire statement reads. In some cases, these problems predate the current board by years, if not decades. Arizona HOA Faces Bankruptcy Over Man-Made Lake Becoming a member at Continental Country Club is an investment in yourself, your family and your future. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. An HOA faces bankruptcy because of its man-made lake. 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 issues we are dealing with today began 30 years ago and the current board wasnt a part of. 2011 Sunwest loan with Oct. 2021 balloon payment due, Deferred and anticipated club amenity maintenance, Decades-long Lake Elaine lawsuit with potential daily fines of up to $700 per day and restoration of a full lake. There are many unknowns associated with a conversion to Chapter 7. 3. Here are the top City of Flagstaff stories from 2022. The CC&Rs govern 1,210 single family homes. If you are looking for our main website, click here. The Board President of the Homeowners Association of Continental Country Club in Flagstaff, . Are you looking for a great restaurant? This one-acre park, opened in 2013, includes a playground with a swing set and a picnic table. Log in, Continental Country Club HOA in Flagstaff, AZ, Forest Highlands Golf Club HOA in Flagstaff, AZ, Railroad Springs Townhomes HOA in Flagstaff, AZ. If we had hired a professional HOA management team a few years ago, could we have avoided all this? 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. Continental Country Club home prices vary from luxury homes to more affordable homes that might be perfect for first-time buyers. Beginning 2024, we have three small increases to annual dues of $97 which resolves deferred maintenance and creates appropriate reserves/plan for maintaining building/grounds. Are the fines associated with the October 2020 preliminary ruling being assessed currently? Bliss said after the court held the HOA in contempt last year, the homeowners approached the HOA about ways to move forward, but their offers were rebuffed and the HOA decided to move forward with bankruptcy instead. 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%. Fee: Continental Country Club HOA or Social Membership fee required. 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 . Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. Continental Country Club Resorts, Wildwood, FL Real Estate & Homes for Below you can find information for the homeowners association including HOA fee includes, community features and amenities. If Option B is selected, the redesign will be the Associations responsibility. Chapter 11 Filing FAQ - Continental Country Club This anomaly resulted in 1994. What are we voting on, what is the timeline/details? HOA Legal Name: CONTINENTAL COUNTRY CLUB, INC. Reserve funds are used for large projects such as replacements or repairs within the homeowners association. 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. Reach him at sgolightly@azdailysun.com, on Twitter at @sean_golightly, or on Instagram at @golightly_writes. They might dispute the proper way to move forward with Lake Elaine, but they appear to agree that voting to approve the special assessment is necessary to help Continental emerge from bankruptcy. It is not true that the Lakeside Homeowners want to bankrupt [Continental], the Legionnaire statement says. There was a problem saving your notification. Before buying in Cont Country Club HOA you will want to check out their reserve funds, budgets, bylaws as well as the rules and restrictions of the community. 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. However, the CC&Rs needed to be combined with the assessments at the amounts approved by each individual subdivision at that time. Bliss said the HOA also has lots of deferred maintenance fees, while also having some of the lowest member fees in the state. Book Your Tee Time on our EZLinks tee times page in a new tab, In addition to championship golf, we offer tennis courts, a fitness center, a swimming pool and social events! View Properties for Sale at Continental Country Club located in Wildwood, FL. Continental Country Club Homeowners Association, Wildwood Florida This included an offer to complete a partial top-down repair to buy more time. Much of these claims of mismanagement are founded on an October 2020 Reserve Study of Continentals reserve fund to evaluate how it would maintain reserves above an adequate, not excessive threshold during one or more years of significant expenditures.. Home to one of the best-rated public golf courses in Flagstaff, AZ. This offer was rejected, and the Class finds it unfortunate that the Association refused to further negotiate before moving forward with Chapter 11 in secret with no transparency or consultation of any members. Our main desire is for members and guests, alike, to have a memorable golfing experience. First used to store water for the golf course, Lake Elaine is now only aesthetic, but has been leaking water for decades. We do support the vote for the additional funds for the homeowners association.. Hobby Shop Temecula - kbstricks.it Welcome to Anthem Community Council Give Us A Call: 1-888-452-6595. By 2026, the annual dues increase will be $189. The association has said that any lake repair would cost millions of dollars. The Continental Country Club constructed Lake Elaine back in the 1970s. Print Subscribe Was this page helpful? A Big Vote Is Underway At Continental Country Club The money for the signs was donated. She says, option one is deeding the property over to the Lake Elaine Homeowners and giving a lump sum payout of $2.5-million for them to be able to do an improvement on the lake as to what they would like, or option two is taking the $2.5-million and us creating a new amenity, which has four-to-five ponds, walking trails and benches which is open to all of the homeowners. Absentee ballots are due at the clubhouse by Thursday at 5 p.m., or residents can vote in person Saturday morning at 9 a.m. at Sinagua Middle School, where the vote count will take place. 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. In November, the chain announced the first CFC would be built in Monroe, OH, near its home base of Cincinnati. Call the Pro Shop at 352-748-3293 to reserve your tee time Welcome to Continental Country Club Are you looking for a great golf course? https://continentalflagstaff.com/what-if-our-members-dont-approve/. Get up-to-the-minute news sent straight to your device. It bolstered the property values of homes located on the waterfront and was a gorgeous sight to see. 3mi Publix Quick Picks Delivery by 11:00am Walgreens Delivery by 3:35am Sam's Club Delivery by 11:00am ABC Fine Wine & Spirits Delivery by 2:00pm. Learn More on our tournaments page. {{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. 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. The reorganization plan imposes a one-time special assessment of $2,000. The Board approved a two-tier membership now known as Associate and Full Membership to account for the difference in assessment levels. 27470 Jefferson Ave. Pizza making Mamma mia, we love this one! The hoa policies can change with time for Continental Country Club so if you see an error please contact us so we can fix it. The question is why. Based on the HOAs rules, those fees can only be raised by a two-thirds vote by all members. 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! Pennsylvania - Wikipedia 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. Some of that is the result of limitations on the Associations revenues and on its ability to raise dues or impose special assessments. This option allows us to maintain the day-to-day operations of our Club without interruption so that members and others can continue to enjoy our amenities. Two yeses mean $2.5M goes to either Option 1 or 2 as determined by creditors. A big vote is underway at Continental Country Club in East Flagstaff. View 17 homes in Continental Country Club listed under Lake, Marion, Sumter & West Orange Marina Golf Course Pet Friendly Waterfront 17 homes available Properties per Page lbdoe.bluebeard.best But some lakefront residents on the other side of the legal battle have a different perspective. Lake Elaine did not cause Continental to file bankruptcy, but the Class can potentially be a partner finding practical solutions to address the Associations financial constraints for the benefit of all members. Register for our eClub to receive regular offers and updates from Continental CC! Quite honestly, I can't imagine a professional management company letting this happen. 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. The filing for Chapter 11 reorganization stays those fines. If the home is not associated with the Homeowners Association youre invited to deed restrict the property with CCC and become part of the Club! It has not been a normal winter in Flagstaff. 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. Back then, the increase had to be approved in each single-family subdivision. Reorganization comes after decades of the Association kicking the can down the road. 219 4. 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. The Boards decision to take this step relied on a three-pronged financial problem that was accelerated after the October 30th preliminary ruling of finding CCC in contempt for having not maintained Lake Elaine consistent with a 1990 Consent Decree, discussed below. Who owns the property Lake Elaine is on and who is responsible for its redevelopment and construction? These properties have individual property management companies who handles their CC&R enforcement and day-to-day operation. 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. From AU$247 per night on Tripadvisor: Starlight Lodge at Rockport Harbor, Rockport. After the October 30th preliminary ruling, the board studied and reviewed all possibilities, along with speaking with several professionals and our attorneys. The failure to plan by the association, the failure to reserve funds, have really put the association in a tough spot.. Homes - Continental Country Club FL Continental Country Club has 2,395 owners. Subscribe to our Daily Headlines newsletter. Helly Hansen Active Winter sulejope UUS! Cracked limestone makes up the karst geologic formation beneath a worn-out section of concrete and plastic liner on the edge of Lake Elaine in the Continental Country Club in this 2016 photo. The Villages, FL 32162 Directions. When were the clubhouse and clubhouse pool built? Continental Country Club's HOA files for Chapter 11 bankruptcy Adrian Skabelund Feb 17, 2021 Updated Mar 24, 2021 0 Cracked limestone makes up the karst geologic formation beneath a worn-out. Can we just abandon the property? Email notifications are only sent once a day, and only if there are new matching items. Mountain Home Craigslistidaho choose the site nearest you: boise; east Voting to approve these additional funds ends July 28. Log in, Continental Country Club HOA Chula Vista, CA, Alicante at San Miguel Ranch HOA Chula Vista, CA. Payment $4,996 Price/Sq.Ft. Log in, Continental Country Club HOA in Chula Vista, CA, Terraza at Otay Ranch Village HOA in Chula Vista, CA, Chula Vista Bayfront HOA in Chula Vista, CA. What is the difference between Chapter 11 Reorganization and Bankruptcy? 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. In a Chapter 7 does the trustee manage the HOA? What happens if we vote NO (DO NOT APPROVE) or dont meet the quorum requirement after two tries? Continental Country Club - 78 Spaces is an apartment community located in San Diego County and the 91911 ZIP Code. Home - Continental Country Club FL Why didnt the Board give us a warning that this was going to happen? 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 It is difficult to predict how the trustee will act, but generally speaking trustees wind up operations quickly after appointment and liquidate assets as fast as possible.
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