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! If the Assessment and dues increase fails, and the HOA converts to Chapter 7, will the Lake Elaine lawsuit continue? Flagstaff, Feb. 12, 2021 Continental Country Club is a great place to live and provides many amenities for the broader community. Staffed with talented and devoted professionals, Continental Country Club is among the area's best-rated public courses. For every four gallons of water that is pumped into the lake each day, three gallons are lost to seepage into the ground. 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. Copyright 2023 Continental Country Club FL All Rights Reserved. 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 Lakeside Homeowners would lose as much as any other owner would if the bankruptcy ended in a liquidation.. 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. Voting to approve these additional funds ends July 28. Flagstaff, Feb. 12, 2021 - Continental Country Club is a great place to live and provides many amenities for the broader community. That fee would drop to $500 if the HOA begins refilling the lake and continue until it is full. A 1991 class action lawsuit ruling stated the lake must remain full. Example turn the golf course into single-family homes. Continental Country Club. 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. Our members are what makes the social membership so special. However, a Chapter 7 panel trustee would be appointed and all decisions regarding the operations of the HOA will be made by the Trustee. 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. Becoming a member at Continental Country Club is an investment in yourself, your family and your future. For the most part, most of our Members should not be affected by this petition. 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. Can I see a Reserve Study Summary of expenditures broken out by amenity? Great Circle Media serves Flagstaff, Prescott, Sedona, and the surrounding areas with Northern Arizonas Best Radio Stations! These homeowners are known as Associate members. The Country Inn at Camden Rockport Show prices Enter dates to see prices 505 reviews #1 Best Value of 15 places to stay in Rockport By Allyson R "The staff is fantastic, the room clean and comfortable, the continental breakfast delicious and hot. Posted about 2 hours ago $2,950 / 3br - 1145ft2 - Beautifully remodeled 3bed,2bath in Green Mountain home!1 WEEK FREE* (461 S. $3,875 / 1br - 682ft 2 - One bedroom home with vaulted ceiling and balcony . Continental Golf Course Is CLOSED for the Season! Continental is responsible for those owners access to amenities and common area maintenance. It has not been a normal winter in Flagstaff. 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 convert to Chapter 7, the HOA cannot be sued by Lake Elaine property owners or any other entity. The question is why. Why are there currently some members paying different assessment rates? At the time, it was an asset to the HOA. Beyond the potential Lake Elaine obligations, we have a 50-year-old building, and numerous amenities. Continental Country Club Who are the members of CCC? Not currently but we hope that our members will approve the two fees required to support the reorganization plan that will provide our HOA with a healthier and stronger future. . Why did the Board decide to take this step now? The association has said that any lake repair would cost millions of dollars. Can we just abandon the property? This includes CC&Rs enforcement on the property, common area maintenance, amenities access and social activities. 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. Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. 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. Without an additional court order, the Trustee steps into the Debtors shoes and inherits any and all land restrictions, encumbrances, etc. 2380 N Oakmont Dr 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 However, the CC&Rs needed to be combined with the assessments at the amounts approved by each individual subdivision at that time. All owners of lots subject to the declaration are required to be members of Continental Country Club, Inc., per the recorded declaration. There has been much misinformation about the history of Lake Elaine and the ability to maintain lakes in this area. continental country club hoa fees. Reserve your next round of golf with our quick and convenient online booking engine. The Continental Country Club constructed Lake Elaine back in the 1970s. How do timeshares fit into the funding picture? 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. *Country Club Homeowners: This amount is for quarterly dues only and is separate from mandatory social membership dues. Payment $4,996 Price/Sq.Ft. A Big Vote Is Underway At Continental Country Club 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. 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. Our main desire is for members and guests, alike, to have a memorable golfing experience. Continental Country Club's HOA files for Chapter 11 bankruptcy (AZ) HOA Legal Name: CONTINENTAL COUNTRY CLUB R.O., INC. Even more, we do all the work of the Deed Restriction for you! Continental has known about its financial challenges for years, even decades, but neglected to plan for or properly address them. Deeper into Lake Elaine: Residents contend lake is not to blame for Wildwood, FL 34785. What happens if 2 YES (APPROVE) for Special Assessment and Annual Dues Increase? 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. There was a problem saving your notification. That would be within the discretion of the trustee. CCC also had a balloon payment due in October, for $600,000. 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. Selling the golf course is not legally a feasible option until we emerge from Chapter 11 bankruptcy. They pay the full membership dues and receive the same benefits. . There are condominiums, big and small, that you can purchase in the $180,000 - $300,000 price range. 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. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). The Lake Elaine lawsuit was based on a 1990 Amended Judgement and Settlement that was rejected by the bankruptcy court earlier this year. The issues we are dealing with today began 30 years ago and the current board wasnt a part of. Background: How did we get in this situation regarding Lake Elaine and the Bankruptcy? But some lakefront residents on the other side of the legal battle have a different perspective. This included an offer to complete a partial top-down repair to buy more time. Membership in Continental is a result of home ownership. 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. Its those reasons why the Club went into Chapter 11 bankruptcy in February of 2021. 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. 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? HOA of Continental CC Files for Chapter 11 Protection - Club Held says the bankruptcy wont close the golf course or force any layoffs and daily operations will go on as normal. At the beginning of the Chapter 11 process, we explained that values may be negatively affected. Continental Country Club has 2,395 owners. If we pay the $2.5M now, were done forever, other than ongoing maintenance of the small ponds, according to Judge Ballinger. There are approximately 1,360 single-family homes (in addition to 1,030 townhouses, condos, and timeshares) within the Continental Country Club Homeowners Association. But Bliss also took issue with the HOAs suggestion that the issue over Lake Elaine was the primary cause of the bankruptcy. Continental received $1500 in donations for marketing materials for the campaign. Unfortunately, this was the only possible conclusion, and once decided, needed to be acted upon quickly. An automatic stay is a provision in the bankruptcy law that temporarily prevents creditors, collections agencies, government entities, and individuals from pursuing Continental for amounts owed. 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 Class also estimates this temporary solution could be completed quickly in months, not years. If Option B is selected, the redesign will be the Associations responsibility. 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 Give Us A Call: 1-888-452-6595. Court reservations required. The funds usually have strict criteria for how they are to be used. The reorganization plan imposes a one-time special assessment of $2,000. Is it possible to leave the HOA so we're not part of it? Home - Continental Country Club FL Now, the HOA faces bankruptcy if it can't come up with $2.5 million. A Flagstaff man is behind bars, charged with aggravated DUI and kidnapping. Court testimony confirmed what the Class already knew: The Lake holds water and can be fixed. Tract D (Lake Elaine) is currently owned by the Association. We will keep our facilities open and our employees will be working to ensure business as usual. One that was, you know, competent., Financial mismanagement reaches further back than the 2020 study, said resident John Nilsson. 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. 150 Saab tingida. The CC&Rs govern 1,210 single family homes. 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. 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. And it's free! We do support the vote for the additional funds for the homeowners association.. COMMUNITY TYPE: RESIDENTIAL SFH COMMUNITY LEGAL NAME: CONTINENTAL COUNTRY CLUB R.O., INC. ALSO KNOWN AS: CONTINENTAL COUNTRY CLUB TYPE OF CORPORATION: DOMNP ORIGINAL CORPORATION FILING DATE: 05221989 COMMUNITY ID NUMBER: N32426 3. We also have aging facilities that require upkeep with an insignificant amount of reserves. HOA Fee Includes What is the difference between Chapter 11 Reorganization and Bankruptcy? While the pending contempt order and associated fines were the catalyst for this action, there were also underlying considerations including an October 21 obligation to pay a $600,000 balloon payment incurred when funds were borrowed to install a new golf course irrigation system in October 2011. Please subscribe to keep reading. At the time of the study, Continentals reserve balance was $54,291. 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. {{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. 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. 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. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. 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. 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. 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 Welcome to Anthem Community Council At Continental, you are more than a member; you are part of the family. Sign up for our newsletter to keep reading. https://continentalflagstaff.com/what-if-our-members-dont-approve/. Is there money set aside for the management of the HOA & enforcement of CC&Rs? Continental Country Club HOA is a community located in Chula Vista, CA (San Diego County). We do not currently expect the LFOs to elect Option A. An HOA faces bankruptcy because of its man-made lake. 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. These properties have individual property management companies who handles their CC&R enforcement and day-to-day operation. Continental Country Club HOA in Flagstaff, AZ - HOA Resource Print Subscribe Was this page helpful? Trees are falling in Flagstaff and have been compromised as a result of recent winter storms. We have the receipts. 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. And its free! By 2026, the annual dues increase will be $291. 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. Based on the HOAs rules, those fees can only be raised by a two-thirds vote by all members. 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. 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. The original clubhouse was built in 1960. What date did this filing for Chapter 11 Reorganization take effect? The remaining properties consist of Townhomes, Condos and timeshares. The special assessment can be paid over two years with eight (8) quarterly payments of $261 (which includes 5% interest). Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. Buying and Living in Continental Country Club - Best Flagstaff Homes Cont Country Club HOA Flagstaff, AZ - HOA Community Continental Country Club Homeowners Association, Flagstaff AZ - HOA You can cancel at any time. This included signage, team captain materials and t-shirts. By 2026, the annual dues increase will be $189. When were the clubhouse and clubhouse pool built? First used to store water for the golf course, Lake Elaine is now only aesthetic, but has been leaking water for decades. 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. There are constant ongoing repairs and improvements required for these assets that must be addressed. Bliss said they believe that most of the leaks are in the upper portion of Lake Elaine and targeting repairs toward that section of the lake would go a long way in solving the problem. View Properties for Sale at Continental Country Club located in Wildwood, FL. Our clubhouse is over 50 years old and the other amenities require maintenance and repair. Round Table Discussions will be held on every, We will also be having Town Hall Meetings for everyone who is interested in attending. Are you looking for a great restaurant? Schedule: No open play during the off-season (Nov-Apr). But the residents involved in the class action suit believe repairing the lake isn't nearly that expensive. In the mean time the proshop will still be open Tuesday- Saturday 9am-4pm. These homeowners the Class believe that the Association has options to address its financial challenges. https://continentalflagstaff.com/fee-schedule-to-support-the-reorganization-plan/. Will there be an increase to my annual assessment? What are we voting on, what is the timeline/details? Flagstaff, AZ Golf | Continental Country Club Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. (link to message). That's not true. Full members will pay $550 annually, Associate members will pay $365 annually, Likely negative impact on property values, $15 Million Lake Elaine dispute unresolved, unknown outcome of the Lake land. Chapter 11 Reorganization | FAQ | Communication with Members | Court Motions & Hearings | Media Announcements. Contrary to the Associations statements, a partial repair would cost nowhere near the millions of dollars suggested by the Association. Flagstaff City Championship Flyer We have compensated by charging usage fees and not giving golf discounts to those who do not pay the full amount. For the good of our residents and those who enjoy our facilities, it was time to take action.. 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. How does the Chapter 11 filing affect me as a Continental Country Club Member? 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. Back then, the increase had to be approved in each single-family subdivision. 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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