Homeowners have a duty to pay their annual dues and this holds true even while in a Chapter 11 reorganization. Associate Members have the option to upgrade on an annual basis to full members, although full members do not have the option to become associate members. The availability of these amenities, whether used or not, makes CCC a desirable neighborhood and increases property values. HOA Documents Articles of Incorporation CC&Rs Bylaws Membership Policies We will keep our facilities open and our employees will be working to ensure business as usual. Come see us today! It bolstered the property values of homes located on the waterfront and was a gorgeous sight to see. Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. The fee had been set to begin at the start of February, but due to the bankruptcy, it has been put on hold. {{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. Continental Country Club Who are the members of CCC? You have permission to edit this article. 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. Beyond the potential Lake Elaine obligations, we have a 50-year-old building, and numerous amenities. You can cancel at any time. Panda Express is expanding to east Flagstaff. Subscribe to our Daily Headlines newsletter. 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. 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. What is the source of funds that are being used to pay for all the signage and banners to support the special assessment? Who owns the property Lake Elaine is on and who is responsible for its redevelopment and construction? There are many unknowns associated with a conversion to Chapter 7. Continental Country Club has 2,395 owners. We have compensated by charging usage fees and not giving golf discounts to those who do not pay the full amount. Get up-to-the-minute news sent straight to your device. There were several additions made in the 1970s. 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. The Kroger Co. But the residents involved in the class action suit believe repairing the lake isn't nearly that expensive. This community dates back to 1975 and has continued to develop over the years. The association has said that any lake repair would cost millions of dollars. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. 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. At the time of the study, Continentals reserve balance was $54,291. 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. There are approximately 1,360 single-family homes (in addition to 1,030 townhouses, condos, and timeshares) within the Continental Country Club Homeowners Association. Membership in Continental is a result of home ownership. Please subscribe to keep reading. Our members are what makes the social membership so special. What happens if 2 YES (APPROVE) for Special Assessment and Annual Dues Increase? 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. For the good of our residents and those who enjoy our facilities, it was time to take action.. Is it possible to leave the HOA so we're not part of it? Even more, we do all the work of the Deed Restriction for you! Why are there currently some members paying different assessment rates? Continental owns and maintains the Walnut Canyon Lakes, and the Associations own experts have testified that Lake Elaine can be repaired. The trustee is appointed to liquidate and pay, not operate. 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. Continental Country Club mostly features cozy homes that are very reasonably priced. The fee had been set to begin at the start of February, . 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. 219 4. 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 A big vote is underway at Continental Country Club in East Flagstaff. But, in the 1990s, disaster struck. Is there a way that the CC&Rs can be amended to give the townhome and condos the same voting rights as the single-family homeowners? Reserve your next round of golf with our quick and convenient online booking engine. 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. 50 Continental Blvd. Here are the top City of Flagstaff stories from 2022. Fee: Continental Country Club HOA or Social Membership fee required. 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. The Board President of the Homeowners Association of Continental Country Club in Flagstaff, . The Lakeside Homeowners would lose as much as any other owner would if the bankruptcy ended in a liquidation.. They are down to earth, fun-loving people that enjoy spending time together laughing over great food and refreshing drinks. Continental is responsible for those owners access to amenities and common area maintenance. There was a problem saving your notification. However, a Chapter 7 panel trustee would be appointed and all decisions regarding the operations of the HOA will be made by the Trustee. Then, you've come to the right place. Not necessarily. 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. Is there money set aside for the management of the HOA & enforcement of CC&Rs? Continental Country Club is a neighborhood in Wildwood, Florida. Example turn the golf course into single-family homes. Email notifications are only sent once a day, and only if there are new matching items. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. These homeowners - the "Class" - believe that the Association has options to address its financial challenges. However, even if we cant use amenities, were still required to pay annual lot assessment fees even when unable to use amenities. I dont golf. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). 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. What is the process required to divest the HOA of Lake Elaine? 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. Buying a new home in the Continental area? 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. What happens if we vote NO (DO NOT APPROVE) or dont meet the quorum requirement after two tries? continental country club hoa fees. . 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. Quick Facts Getting Around Continental Country Club Continental Country Club Learn more about this neighborhood. 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. 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. 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. One thing to remember, you will be required to pay additional Home Owner . 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. 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. Wildwood, FL 34785. 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! 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 truth is that the Association has simply failed to perform any real repair or maintenance of the Lake for 27 years now. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! The remaining properties consist of Townhomes, Condos and timeshares. Bliss said the HOA also has lots of deferred maintenance fees, while also having some of the lowest member fees in the state. Without an additional court order, the Trustee steps into the Debtors shoes and inherits any and all land restrictions, encumbrances, etc. We have the receipts. These membership tiers are subdivision specific. Continental Country Club - 78 Spaces is an apartment community located in San Diego County and the 91911 ZIP Code. Still, Chapter 7 and the liquidation of assets that would follow are by no means in Continentals interests. 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. The property cannot be abandoned. We are located on St Rte 44 just 2.5 miles east of Brownwood And its free! 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 failure to plan by the association, the failure to reserve funds, have really put the association in a tough spot.. These properties have individual property management companies who handles their CC&R enforcement and day-to-day operation. Continental Country Club HOA is a community located in Chula Vista, CA (San Diego County). 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. So long as CCC owns the property, at a minimum, it will remain liable for public safety/nuisance issues and dam maintenance obligations with the State of Arizona. The required work would require Engineers, Contractors, and time. 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. A filing for Bankruptcy can take many forms, including a Chapter 11 Reorganization. Flyer Link. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). Situated below Mount Elden in Flagstaff, AZ, the 18-hole championship golf course at Continental Country Club was designed by Bob E. Baldock. 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. 2380 N. Oakmont Drive, Flagstaff, AZ 86004 (928) 526-5125 www.continentalflagstaff.com . 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 Social Membership allows you access to all the Club's amenities and provides the opportunity to take part in our extensive calendar of social events, Whether you plan to use Flagstaff as your home base or your vacation get-away you will not regret calling this home! 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. They want the lake fixed, Bliss said. 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. This includes CC&Rs enforcement on the property, common area maintenance, amenities access and social activities. 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. 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. Sign up for our newsletter to keep reading. Joining the Continental Country Club HOA is the easiest way to protect your propertys value! Zillow has 3 homes for sale in 34785 matching Continental Country Club. What date did this filing for Chapter 11 Reorganization take effect? That fee would drop to $500 if the HOA begins refilling the lake and continue until it is full. Flagstaff, Feb. 12, 2021 Continental Country Club is a great place to live and provides many amenities for the broader community. Thank you to everyone who came out and play, we are looking forward to some exciting changes in-store for next year. But some lakefront residents on the other side of the legal battle have a different perspective. The Continental CC course can host up to 144 golfers at a time with a shot gun start. Will all country club members be allowed on the new redeveloped lake? 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. What are we voting on, what is the timeline/details? If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! The following is a statement from Lakeside Homeowners At Continental: Continental Country Clubs Financial Challenges Result From Failure to Plan and Confront Obligations. That's not true. The original clubhouse was built in 1960. https://continentalflagstaff.com/what-if-our-members-dont-approve/. 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. 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 criteria is based on the HOA community rules and regulations, bylaws and accountability. Get up-to-the-minute news sent straight to your device. 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. The money for the signs was donated. The CC&Rs govern 1,210 single family homes. Helly Hansen Active Winter sulejope UUS! In the mean time the proshop will still be open Tuesday- Saturday 9am-4pm. HOA Legal Name: CONTINENTAL COUNTRY CLUB, INC. Reserve funds are used for large projects such as replacements or repairs within the homeowners association. 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. 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.. 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. Are the fines associated with the October 2020 preliminary ruling being assessed currently? The costs are too much of a burden for members on a fixed income? Meeste parka Helly Hansen Continental XL UUS. In a statement to the Arizona Daily Sun, Continental attorney Scott Cohen said, While Continental certainly has obligations other than the Lakefront Group, such as addressing its appropriate capital reserves to ensure proper maintenance of its amenities and common areas, this was not the primary cause for the bankruptcy filing.. 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. Now, the HOA faces bankruptcy if it can't come up with $2.5 million. 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! The community is gated, includes 24/7 security and even allows pets. Please subscribe to keep reading. Held says the work would take time and millions of dollars. How do timeshares fit into the funding picture? 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.. How will this affect the value of my home? In some cases, these problems predate the current board by years, if not decades. 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 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. 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. 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!
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