continental country club hoa feescontinental country club hoa fees
The Continental Country Club in Flagstaff is bankrupt. The lake level has been falling because water is seeping out despite previous attempts to seal the lake bottom. The Board President of the Homeowners Association of Continental Country Club in Flagstaff, . Now, it has turned to owners for funding. Two yeses mean $2.5M goes to either Option 1 or 2 as determined by creditors. Are our property assessments used for this? 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. But, in the 1990s, disaster struck. 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 filing for Chapter 11 reorganization stays those fines. Round Table Discussions will be held on every, We will also be having Town Hall Meetings for everyone who is interested in attending. 219 4. Schedule: No open play during the off-season (Nov-Apr). This discount allows members & guests to enjoy the lowest rates offered on our rack card. Log in, Continental Country Club HOA Chula Vista, CA, Alicante at San Miguel Ranch HOA Chula Vista, CA. The required work would require Engineers, Contractors, and time. A filing for Bankruptcy can take many forms, including a Chapter 11 Reorganization. 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. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! The Trustee is charged with maximizing distributions to creditors. 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.. Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. {{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. You can cancel at any time. Email notifications are only sent once a day, and only if there are new matching items. The Kroger Co. 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. What is the source of funds that are being used to pay for all the signage and banners to support the special assessment? 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 A July 14 article for the Arizona Daily Sun explored the issue through testimony from management of the country. If it is to be divested, it must be accepted by a third party. 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. 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. 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. There was a problem saving your notification. 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. Elden Thursday, Jeronimo Vasquez Named District 2 Supervisor, 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. 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. But some lakefront residents on the other side of the legal battle have a different perspective. 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. 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. When were the clubhouse and clubhouse pool built? https://continentalflagstaff.com/fee-schedule-to-support-the-reorganization-plan/. 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. Continental received $1500 in donations for marketing materials for the campaign. Some of that is the result of limitations on the Associations revenues and on its ability to raise dues or impose special assessments. Sign up for our newsletter to keep reading. 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. And its free! Ensure continued use of our club amenities and environment. 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. Our main desire is for members and guests, alike, to have a memorable golfing experience. Sign up for our newsletter to keep reading. Dues increases and/or special assessment would have been necessary even if a professional management company was involved. The biggest problem over the years has been Lake Elaine, which has been an issue for nearly 30 years, with costs and fines building over time. The Course is open to homeowners and timeshare owners residing within subdivisions of Continental Country Club's Homeowners Association. For every four gallons of water that is pumped into the lake each day, three gallons are lost to seepage into the ground. There was a problem saving your notification. Lease Details & Fees Details Property Information 78 units/1 story Location 445 Orange Ave , Chula Vista , CA 91911 Get Directions This Property Available Property 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. There are constant ongoing repairs and improvements required for these assets that must be addressed. It is not clear how the bankruptcy might impact the Lake Elaine issue, but Bliss said it could lead to a situation where the HOA is able to eliminate the lake but pay the surrounding homeowners for the reduced value of their homes. On this point, the Legionnaires agree. What happens if 2 YES (APPROVE) for Special Assessment and Annual Dues Increase? If I havent yet paid my annual dues, will they still have to be paid? 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. Are you looking for a great 55+ retirement community? Why did the Board decide to take this step now? Log in, Continental Country Club HOA in Flagstaff, AZ, Forest Highlands Golf Club HOA in Flagstaff, AZ, Railroad Springs Townhomes HOA in Flagstaff, AZ. Bliss said the HOA also has lots of deferred maintenance fees, while also having some of the lowest member fees in the state. The truth is that the Association has simply failed to perform any real repair or maintenance of the Lake for 27 years now. ", 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. These properties have individual property management companies who handles their CC&R enforcement and day-to-day operation. 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. That's not what any of our folks want. The question is why. In a Chapter 7 does the HOA remain in place? Below you can find information for the homeowners association including HOA fee includes, community features and amenities. 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. 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. 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. The issues we are dealing with today began 30 years ago and the current board wasnt a part of. If the Assessment and dues increase fails, and the HOA converts to Chapter 7, will the Lake Elaine lawsuit continue? 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. Continental Country Club Who are the members of CCC? 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. 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 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. The Continental Country Club constructed Lake Elaine back in the 1970s. The Board approved a two-tier membership now known as Associate and Full Membership to account for the difference in assessment levels. Its those reasons why the Club went into Chapter 11 bankruptcy in February of 2021. 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. 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 plan gives the LFOs the option of taking ownership and responsibility for the property going forward and relieving CCC of all future liabilities in exchange for a onetime payment by CCC to the homeowners of $2.5 million. 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. A 2019 report from engineering firm Terracon evaluated that the lower lake elevation would have relative stability. The same report concluded, however, that any plan should include the eventual replacement of the liner below this elevation., Outlined in their amended disclosure statement, Continental has included a small lake option in its plan to emerge from bankruptcy, but with one caveat: the club no longer want to be responsible for maintaining the lake. Do all members of the HOA get to vote for the new HOA Dues and Special Assessment? What date did this filing for Chapter 11 Reorganization take effect? 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. 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. The restrictions contained in a declaration are covenants that run with the land and cannot be terminated by the owner. A future owner of your home may find golf or the other amenities appealing. The obligation to pay dues at least at their current level runs with the land. 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. View Properties for Sale at Continental Country Club located in Wildwood, FL. They are down to earth, fun-loving people that enjoy spending time together laughing over great food and refreshing drinks. {{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, Investigation underway after body found near Sunset Crater National Monument, Flagstaff schools planning to make up instructional time after this winter's snow days, 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, Global race is on to improve EV range in the cold, 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. But the residents involved in the class action suit believe repairing the lake isn't nearly that expensive. No true repairs have been made to the Lake since 1994. Get up-to-the-minute news sent straight to your device. 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. Finally, CCCs boards have struggled to make ends meet for years, while trying to honor their pledge made in 2013 not to raise dues again for eight years. If Option A is selected from the Amended Disclosure (not expected) then the property will be deeded to the Lake Elaine Owners and become, If Option B is selected, the redesign trails and ponds will be the responsibility of the Association and. A big vote is underway at Continental Country Club in East Flagstaff. We also have aging facilities that require upkeep with an insignificant amount of reserves. Membership in Continental is a result of home ownership. 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. In their amended disclosure statement, the Legionnaires claim the trouble with Lake Elaine is not that its impossible to maintain, but that the Association [Continental] has simply failed to perform any real repair or maintenance of the Lake for nearly 30 years. They say their perspective was upheld in 2020 by the courts, noting that [Continental] argued then, and argues now, that it does not have enough money to fund Lake Elaine repair, but that did not persuade the Coconino Superior Court, which concluded that the Association knew it had a responsibility to maintain the lake but failed to do so. These membership tiers are subdivision specific. CCC also had a balloon payment due in October, for $600,000. All Single-Family homes governed by the CC&Rs are obligated to pay an annual lot assessment. Payment $4,996 Price/Sq.Ft. Will there be an increase to my annual assessment? . Tract D (Lake Elaine) is currently owned by the Association. 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/. We are located on St Rte 44 just 2.5 miles east of Brownwood Quick Facts Getting Around Continental Country Club Continental Country Club Learn more about this neighborhood. Under the option, it would deed the Lake Elaine footprint to the lakefront owners and provide them $2.5 million raised from the proposed $2,000 payments so that the Legionnaires can implement a smaller lake or any other solution the Lakefront Group determines is appropriate with the resources available, and thereafter, maintain such improvements as they deem fit with no further contribution from [Continental] or its broader membership., Based on their statement, the reason Continental wants to sever their responsibility for maintaining Lake Elaine has to do with their skepticism that a long-term, sustainable lake is possible. At Continental, you are more than a member; you are part of the family. 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. 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. 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. 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. 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. How do timeshares fit into the funding picture? Continental Country Club HOA is a community located in Chula Vista, CA (San Diego County). What happens if we vote NO (DO NOT APPROVE) or dont meet the quorum requirement after two tries? If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! Why are there currently some members paying different assessment rates? It is not true that the Lakeside Homeowners want to bankrupt [Continental], the Legionnaire statement says. Helly Hansen Active Winter sulejope UUS! Joining the Continental Country Club HOA is the easiest way to protect your propertys value! Continental Country Club. That resulted in two levels. 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. 2380 N Oakmont Dr Then, you've come to the right place. Please subscribe to keep reading. https://continentalflagstaff.com/what-if-our-members-dont-approve/. Mo. Held says the bankruptcy wont close the golf course or force any layoffs and daily operations will go on as normal. Raising dues and increasing assessments is an important step to funding the reserves, Cohen's statement said. If APPROVED and Option A is selected, then the property will be deeded to the Lake Elaine owners. Subscribe to our Daily Headlines newsletter. 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.. The availability of these amenities, whether used or not, makes CCC a desirable neighborhood and increases property values. Professional management associations still report to a board of directors which makes final decisions. 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. The first payment would be due the same day as the due date for the special assessment. 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. In some cases, these problems predate the current board by years, if not decades. Continental Country Club has 2,395 owners. In November, the chain announced the first CFC would be built in Monroe, OH, near its home base of Cincinnati. 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. How do timeshares fit into the funding picture? Great Circle Media serves Flagstaff, Prescott, Sedona, and the surrounding areas with Northern Arizonas Best Radio Stations! 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. Selling the golf course is not legally a feasible option until we emerge from Chapter 11 bankruptcy. If we had hired a professional HOA management team a few years ago, could we have avoided all this? . The Class has been very willing to work with the Association to negotiate an equitable solution that would allow for a temporary repair of the Lake as part of a holistic approach to address the Associations broad financial challenges. Flagstaff City Championship Flyer Four Star Homes has Properties in Adult, Family, and Senior Communities throughout Central Florida. We view this as an action being led by forces out of our control and hope it can be an opportunity to strengthen our Associations financial position for years to come. 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. Is it possible to leave the HOA so we're not part of it? Chapter 11 Reorganization | FAQ | Communication with Members | Court Motions & Hearings | Media Announcements. Instead it has chosen to walk away from its obligations through bankruptcy reorganization, creating a stigma impacting more than 2,500 Association members. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. What about the special assessment or other fees? The Class also estimates this temporary solution could be completed quickly in months, not years. What is the process required to divest the HOA of Lake Elaine? 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. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. junio 12, 2022. jonah bobo 2005 . 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. First used to store water for the golf course, Lake Elaine is now only aesthetic, but has been leaking water for decades.
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continental country club hoa fees