These homeowners the Class believe that the Association has options to address its financial challenges. There are many unknowns under Chapter 7, which could include part or all of the current $15M bankruptcy claim from the lakefront owners and loss of amenities while still paying for them. We certainly are going to be involved in the bankruptcy proceeding and continue to assert our class action rights to have the lake maintained and repaired.. For the good of our residents and those who enjoy our facilities, it was time to take action.. Why are there currently some members paying different assessment rates? to fines, and Continental Country Club HOA reserves the right to require restoration of the property to its prior condition. If it is to be divested, it must be accepted by a third party. 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. We will keep our facilities open and our employees will be working to ensure business as usual. Hobby Shop Temecula - kbstricks.it We don't yet know what the ultimate effect of that bankruptcy will be on the finding of contempt or on the long-term future at the lake. 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. The community is gated, includes 24/7 security and even allows pets. There was a problem saving your notification. 2380 N Oakmont Dr Continental Country Club Homeowners Association, Wildwood Florida Quite honestly, I can't imagine a professional management company letting this happen. Continental Country Club Homeowners Association, Flagstaff AZ - HOA There has been much misinformation about the history of Lake Elaine and the ability to maintain lakes in this area. Is there money set aside for the management of the HOA & enforcement of CC&Rs? And its free! We have the receipts. We do not currently expect the LFOs to elect Option A. Log in, Continental Country Club HOA Chula Vista, CA, Alicante at San Miguel Ranch HOA Chula Vista, CA. What happens if we vote NO (DO NOT APPROVE) or dont meet the quorum requirement after two tries? The special assessment can be paid over two years with eight (8) quarterly payments of $261 (which includes 5% interest). Continental has known about its financial challenges for years, even decades, but neglected to plan for or properly address them. Here are the top City of Flagstaff stories from 2022. Home - Continental Country Club FL There are approximately 1,360 single-family homes (in addition to 1,030 townhouses, condos, and timeshares) within the Continental Country Club Homeowners Association. In some cases, these problems predate the current board by years, if not decades. 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. HOA Faces Bankruptcy Over Man-Made Lake | HOAM News - Hoa Management .com How do timeshares fit into the funding picture? 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 These properties have individual property management companies who handles their CC&R enforcement and day-to-day operation. Main: (928) 526-5125Oakmont: (928) 526-7990Golf Shop: (928) 527-7997Bear Paw: (928) 522-1588, 2023 CONTINENTAL COUNTRY CLUB ALL RIGHTS RESERVED, Violation Enforcement Policy and Fine Schedule. When were the clubhouse and clubhouse pool built? Register for our eClub to receive regular offers and updates from Continental CC! https://continentalflagstaff.com/what-if-our-members-dont-approve/. 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. Flagstaff, Feb. 12, 2021 Continental Country Club is a great place to live and provides many amenities for the broader community. The fee had been set to begin at the start of February, . Continental Country Club - Wildwood, FL Homes for Sale & Real Estate The Lake Elaine lawsuit was based on a 1990 Amended Judgement and Settlement that was rejected by the bankruptcy court earlier this year. Continental Country Club is a neighborhood in Wildwood, Florida. 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! 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. This area is served by the Sweetwater Union High attendance zone. Lease Details & Fees Details Property Information 78 units/1 story Location 445 Orange Ave , Chula Vista , CA 91911 Get Directions This Property Available Property There were several additions made in the 1970s. To hear Peter and Daves interview with Continental Country Club General Manager Talia Murray, click here: Great Circle Media serves Flagstaff, Prescott, Sedona, and the surrounding areas with Northern Arizonas Best Radio Stations! First used to store water for the golf course, Lake Elaine is now only aesthetic, but has been leaking water for decades. With huge increases in minimum wage, increasing expenses related to repairing, replacing and maintaining facilities, and rising water costs, along with the contempt action, sanctions, and order, and after exploring all other options, there was no other possible decision. CONTINENTAL COUNTRY CLUB RO, WILDWOOD FL HOA Board, Property Mgr The filing for Chapter 11 reorganization stays those fines. When will we know about the timing and amount of any assessments that will be needed? Can I see a Reserve Study Summary of expenditures broken out by amenity? Continental Country Club. Will there be a special assessment to help cover some of the debts? You have permission to edit this article. The Villages, FL 32162 Directions. In 1988, a group of lakeside homeowners filed a class action lawsuit against the HOA that mandated that the HOA should keep the lake full, but so far, no significant repairs to stop seepage have moved forward. There are constant ongoing repairs and improvements required for these assets that must be addressed. 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. How does the Chapter 11 filing affect me as a Continental Country Club Member? Are our property assessments used for this? Back then, the increase had to be approved in each single-family subdivision. There are a lot of different options when it comes to housing in Continental Country Club. How do timeshares fit into the funding picture? Continental County Club has filed for Chapter 11 bankruptcy protection, but daily operations wont change. Search And Rescue Crews Tended To An Injured Hiker On Mt. There are many types of townhomes available from $300,000 - $500,000. 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.. 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. Bliss said the HOA also has lots of deferred maintenance fees, while also having some of the lowest member fees in the state. A 1991 class action lawsuit ruling stated the lake must remain full. 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. Bronson Creek feeds into a wetland on the east side of the park; a paved trail provides access to the wetland. However, the CC&Rs needed to be combined with the assessments at the amounts approved by each individual subdivision at that time. An HOA faces bankruptcy because of its man-made lake. These homeowners are known as Associate members. Yes, there is nothing inherent in Chapter 7 that dissolves the HOA. The criteria is based on the HOA community rules and regulations, bylaws and accountability. We pay a special assessment one-time fee of $2,000 and assuming success in the bankruptcy court, we are DONE with Lake Elaine issue forever! 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. A July 14 article for the Arizona Daily Sun explored the issue through testimony from management of the country. No true repairs have been made to the Lake since 1994. 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. Continental Golf Course Is CLOSED for the Season! 4927 E Mount Pleasant Dr, Flagstaff, AZ 86004 - Redfin They stick to the claim that maintaining the lake in the manner outlined in 1990 is no longer physically possible, economically feasible or ecologically sound., While the court concluded that it was possible to maintain the lake, and that Continental had a responsibility to do so, the engineering reports that informed the decision paint a more complex picture. They are down to earth, fun-loving people that enjoy spending time together laughing over great food and refreshing drinks. The question is why. HOA Fee Includes 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. One thing to remember, you will be required to pay additional Home Owner . continental country club hoa fees. {{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. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. HOA Legal Name: CONTINENTAL COUNTRY CLUB, INC. Reserve funds are used for large projects such as replacements or repairs within the homeowners association. 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. 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. Please subscribe to keep reading. Held said the repairs the lake needs would cost more than a million dollars in addition to the water needed to fill the lake and that the HOA simply has not had the funds to complete such repairs. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. Continental Country Club's HOA files for Chapter 11 bankruptcy Continental Country Club HOA is a community located in Flagstaff, AZ (Coconino County). Continental is responsible for those owners access to amenities and common area maintenance. 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 home prices vary from luxury homes to more affordable homes that might be perfect for first-time buyers. It was approved in some subdivisions, but not in others, as some subdivisions expressed strong discontent with increasing the assessment because they did not see value in the use of amenities. The failure to plan by the association, the failure to reserve funds, have really put the association in a tough spot.. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. If we pay the $2.5M now, were done forever, other than ongoing maintenance of the small ponds, according to Judge Ballinger. Sign up for our newsletter to keep reading. The Board President of the Homeowners Association of Continental Country Club in Flagstaff, . Copyright 2023 Continental Country Club FL All Rights Reserved. CCC also had a balloon payment due in October, for $600,000. Continental Country Club HOA is a community located in Chula Vista, CA (San Diego County). For more information contact Continental Country Club Guest Services at . Contact ClubCorp for social membership dues questions: 623-742-6200 Download homeowners online payment guide. Why am I paying for amenities I dont use? The association has said that any lake repair would cost millions of dollars. In short, Continentals answer was that the prohibitive cost of maintenance and legal battles over their failure to maintain the leaky man-made Lake Elaine was insurmountable. As with any kind of public HOA restructuring, the CCC bankruptcy could create some market uncertainty on the impacted houses, however this kind of impact should be short-lived and was inevitable given CCCs financial condition and potential Lake Elaine liabilities that must be addressed under the courts recent preliminary ruling. As we now know, market conditions have been favorable for most of the real estate market, including our CCC properties. 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. Why are there currently some members paying different assessment rates? The Kroger Co. The following is a statement from Lakeside Homeowners At Continental: Continental Country Clubs Financial Challenges Result From Failure to Plan and Confront Obligations. By 2026, the annual dues increase will be $189. Give Us A Call: 1-888-452-6595. Continental Country Club's HOA files for Chapter 11 bankruptcy (AZ) Selling the golf course is not legally a feasible option until we emerge from Chapter 11 bankruptcy. In a Chapter 7 does the HOA remain in place? Multi-Unit Information Community Amenities: Clubhouse, Golf, Pool/Spa, Tennis Court Parking Information Garage Type: Garage Door Opener Garage Type: Garage Capacity: 7.00 Homeowners Association Information HOA Fees: 550.00 HOA Frequency: Yearly HOA Name: Continental Country Club HOA Contact #: 928.526.5125 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 - 34785 Real Estate - 3 Homes For Sale - Zillow We do think that if we are unsuccessful in approving the fees necessary to support the reorganization plan, there will likely be a negative effect on property values with the reduced or possible loss of amenities currently enjoyed by HOA members including golf course or driving range, tennis or pickleball courts, swimming pool, clubhouse and Bear Paw Recreation Center. 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. lbdoe.bluebeard.best Most of it, though, is the result of the Associations failure to plan and its collective failure to confront issues and take proactive steps to address them. The amount of a one-time special assessment and annual dues increases has been discussed earlier in this section as well as in several Things to Know messages. 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. With some of the lowest homeowner fees in the state less than $46 a month along with a golf course, driving range, clubhouse and other amenities the Association has the ability to generate greater revenues to pay for its obligations and update aging facilities. Reserve your next round of golf with our quick and convenient online booking engine. They want the lake fixed, Bliss said. We have compensated by charging usage fees and not giving golf discounts to those who do not pay the full amount. At the beginning of the Chapter 11 process, we explained that values may be negatively affected. On this point, the Legionnaires agree. A big vote is underway at Continental Country Club in East Flagstaff. The remaining properties consist of Townhomes, Condos and timeshares. 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. Flagstaff, Feb. 12, 2021 - Continental Country Club is a great place to live and provides many amenities for the broader community. To him, the results of this 2020 study were disturbing.. Four Star Homes has Properties in Adult, Family, and Senior Communities throughout Central Florida. He said the HOA has several other significant expenses and issues that have prevented it from properly facing those issues. The funds usually have strict criteria for how they are to be used. Welcome to Anthem Community Council Is there a Special Assessment Payment Plan? Mo. Deeper into Lake Elaine: Residents contend lake is not to blame for There are many unknowns associated with a conversion to Chapter 7. The Continental Country Club in Flagstaff is bankrupt. By 2026, the annual dues increase will be $291. Pennsylvania - Wikipedia From AU$247 per night on Tripadvisor: Starlight Lodge at Rockport Harbor, Rockport. Our members are what makes the social membership so special. 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. Were empathetic to those on fixed incomes, and offer payment plans to ease burdens. 27470 Jefferson Ave. Pizza making Mamma mia, we love this one! 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. The Continental Country Club constructed Lake Elaine back in the 1970s. What about the special assessment or other fees? A Chapter 11 Reorganization allows us to create a plan of reorganization (a new business plan) and show the court how CCC plans to effectuate the plan. Is it possible to leave the HOA so we're not part of it? This one-acre park, opened in 2013, includes a playground with a swing set and a picnic table. A Flagstaff man is behind bars, charged with aggravated DUI and kidnapping. We are located on St Rte 44 just 2.5 miles east of Brownwood The Continental Country Club course is filled with par 3s and par 5s, offers beautiful mountain views and a friendly, neighborhood environment. Print Subscribe Was this page helpful? Not necessarily. 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. $273 Buyer's Agent Commission 2.5% Street View Directions Ask Redfin Agent Cody a Question Cody Bauer Flagstaff Redfin Agent Its those reasons why the Club went into Chapter 11 bankruptcy in February of 2021. 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 The HOA fees in this community is about $265 to $320 a month, depending on location (golf course and waterfront lots are available) and includes lawn care and trash pick-up. Fee: Continental Country Club HOA or Social Membership fee required. Payment $4,996 Price/Sq.Ft. Great Circle Media serves Flagstaff, Prescott, Sedona, and the surrounding areas with Northern Arizonas Best Radio Stations! 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. A draft reserve study has been received and is under review that shows that millions of dollars are needed over the next 10 years and through 2050. Contrary to the Associations statements, a partial repair would cost nowhere near the millions of dollars suggested by the Association. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). Reorganization comes after decades of the Association kicking the can down the road. He is a big sweetheart but a little too rough for my Pygmy Goats. Not only did the reserve study show that Continental had some monumental expenses coming up including a $600,000 balloon payment due in 2021 but that to reach a recommended level of roughly $5 million in reserve funds by 2050, Continental would have to start making massive annual contributions to the fund ranging between $310,000 and $1 million a year. In their disclosure statement, Continental says they are informed and believe that the Lakefront Group has separately evaluated [the small lake option] and has concluded that the costs of implementing [this option] are significantly less than [Continentals] $3 million estimate, but discussions between the parties to date have not been able to reconcile these differences., In either case, to the Legionnaires, being handed the deed to the lake is not an attractive option, and it asks the lakefront owners to take on the problem that [Continental] created. What they want is for Continental to take responsibility for the lake repair and also pay some money toward the Lakeside Homeowners attorneys fees which are damages that the Lakeside Homeowners have suffered as a result of [Continentals] rejection of the 1990 Settlement Judgment.. 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. 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. Tripadvisor Rockport Maine2 mi$$ - $$$ American Seafood Grill That's not what any of our folks want. A future owner of your home may find golf or the other amenities appealing. The costs are too much of a burden for members on a fixed income? Please notify the Association in writing prior to the special assessment due date if interested in the payment plan, The timing for implementing the reorganization plan depends on the association receiving the funds when they are due, thus the 5% interest charge. 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. I dont golf. Why did the Board decide to take this step now? 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. President - The president of the Board presides at all meetings of the Board of Directors. Becoming a member at Continental Country Club is an investment in yourself, your family and your future. Continental Country Club mostly features cozy homes that are very reasonably priced. The question is why. Continental Country Club - Eileen Taggart - Brokered by Exp Realty The original clubhouse was built in 1960. Email notifications are only sent once a day, and only if there are new matching items. Held says the work would take time and millions of dollars. Why dont we just sell the golf course to eliminate the large expense of deferred and ongoing maintenance? 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.
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