By the end of the year, they expected they could get that number to $125,000. This community dates back to 1975 and has continued to develop over the years. 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. Cont Country Club HOA Flagstaff, AZ - HOA Community 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. The aforementioned 2019 Terracon report does indicate that there are viable solutions to refill Lake Elaine including short-term use of the existing liner or a more long-term geomembrane liner but does not shy from saying that the porous limestone and geologic conditions in the area are problematic for a lake or reservoir. It goes on to say that it can certainly be argued that this site was a poor choice for a lake or water feature of any significant size., Another 2019 engineering report from Natural Channel Designs reached similar conclusions, saying the geologic and environmental setting of the lake presents significant challenges to its continued existence. 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. Continental Country Club filed a Chapter 11 Petition for Bankruptcy Protection on Tuesday, February 9th, 2021 in the U.S. Bankruptcy Court in the District of Arizona. junio 12, 2022. jonah bobo 2005 . The first payment would be due the same day as the due date for the special assessment. The Lakeside Homeowners would lose as much as any other owner would if the bankruptcy ended in a liquidation.. Continental has known about its financial challenges for years, even decades, but neglected to plan for or properly address them. {{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 | Continental Country Club Mobile Homes The hoa policies can change with time for Continental Country Club so if you see an error please contact us so we can fix it. Why didnt the Board give us a warning that this was going to happen? When were the clubhouse and clubhouse pool built? At Continental, you are more than a member; you are part of the family. The Continental Country Club in Flagstaff is bankrupt. Will all country club members be allowed on the new redeveloped lake? Background: How did we get in this situation regarding Lake Elaine and the Bankruptcy? HOA of Continental CC Files for Chapter 11 Protection - Club Raising dues and increasing assessments is an important step to funding the reserves, Cohen's statement said. Zillow has 3 homes for sale in 34785 matching Continental Country Club. 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? The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. Get up-to-the-minute news sent straight to your device. 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. Is it possible to leave the HOA so we're not part of it? The . This anomaly resulted in 1994. Were empathetic to those on fixed incomes, and offer payment plans to ease burdens. More information on the voting process for residents of the neighborhood can be found at continentalflagstaff.com/the-voting-process-on-the-two-fees/. Becoming a member at Continental Country Club is an investment in yourself, your family and your future. What is the process required to divest the HOA of Lake Elaine? After the October 30th preliminary ruling, the board studied and reviewed all possibilities, along with speaking with several professionals and our attorneys. 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 Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. A Flagstaff man is behind bars, charged with aggravated DUI and kidnapping. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). Ensure continued use of our club amenities and environment. The Continental CC course can host up to 144 golfers at a time with a shot gun start. Instead it has chosen to walk away from its obligations through bankruptcy reorganization, creating a stigma impacting more than 2,500 Association members. Board Members for Continental Country Club Ro: Title Name Mailing Address Location; Dire . Deeper into Lake Elaine: Residents contend lake is not to blame for country clubs bankruptcy. Held says the bankruptcy wont close the golf course or force any layoffs and daily operations will go on as normal. The fee had been set to begin at the start of February, . The Lake Elaine lawsuit was based on a 1990 Amended Judgement and Settlement that was rejected by the bankruptcy court earlier this year. Will there be a special assessment to help cover some of the debts? If Option B is selected, the redesign will be the Associations responsibility. The issues we are dealing with today began 30 years ago and the current board wasnt a part of. Its those reasons why the Club went into Chapter 11 bankruptcy in February of 2021. 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. Register for our eClub to receive regular offers and updates from Continental CC! 219 4. 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. Email notifications are only sent once a day, and only if there are new matching items. For more information contact Continental Country Club Guest Services at . Trees are falling in Flagstaff and have been compromised as a result of recent winter storms. 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. That fee would drop to $500 if the HOA begins refilling the lake and continue until it is full. The property cannot be abandoned. And it's free! Continental Country Club Listings. Continental Country Clubs HOA files for Chapter 11 bankruptcy. The special assessment can be paid over two years with eight (8) quarterly payments of $261 (which includes 5% interest). 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. You have permission to edit this article. Buying a new home in the Continental area? A July 14 article for the Arizona Daily Sun explored the issue through testimony from management of the country clubs homeowners association and other residents. 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. In the mean time the proshop will still be open Tuesday- Saturday 9am-4pm. This included an offer to complete a partial top-down repair to buy more time. What about the special assessment or other fees? It is not true that the Lakeside Homeowners want to bankrupt [Continental], the Legionnaire statement says. If we convert to Chapter 7, the HOA cannot be sued by Lake Elaine property owners or any other entity. A July 14 article for the Arizona Daily Sun explored the issue through testimony from management of the country. 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. $273 Buyer's Agent Commission 2.5% Street View Directions Ask Redfin Agent Cody a Question Cody Bauer Flagstaff Redfin Agent Flagstaff, AZ Golf | Continental Country Club 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. Continental Country Club - 78 Spaces is an apartment community located in San Diego County and the 91911 ZIP Code. 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 4530 Red Fox Ln, Flagstaff, AZ 86004 | MLS# 192424 | Redfin 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. 2380 N. Oakmont Drive, Flagstaff, AZ 86004 (928) 526-5125 www.continentalflagstaff.com . Reach him at sgolightly@azdailysun.com, on Twitter at @sean_golightly, or on Instagram at @golightly_writes. The costs are too much of a burden for members on a fixed income? Now, it has turned to owners for funding. . Dues increases and/or special assessment would have been necessary even if a professional management company was involved. 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. However, the CC&Rs needed to be combined with the assessments at the amounts approved by each individual subdivision at that time. At the time of the study, Continentals reserve balance was $54,291. Is it possible to leave the HOA so we're not part of it? Tripadvisor Rockport Maine2 mi$$ - $$$ American Seafood Grill 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. Call the Pro Shop at 352-748-3293 to reserve your tee time Welcome to Continental Country Club Are you looking for a great golf course? The Continental Country Club constructed Lake Elaine back in the 1970s. 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! Number of Units: 973 Offices of the Board of Directors and their Duties The officers of the board of directors are generally president, vice-president, secretary, treasurer and member at large. 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. HOA Legal Name: CONTINENTAL COUNTRY CLUB R.O., INC. This discount allows members & guests to enjoy the lowest rates offered on our rack card. What happens if we vote NO (DO NOT APPROVE) or dont meet the quorum requirement after two tries? CCC also had a balloon payment due in October, for $600,000. A member may cease paying in protest, but the trustee will ultimately have the same rights CCC currently has to enforce and compel payment ultimately filing a lien on the property and foreclosing. 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. How does the Chapter 11 filing affect me as a Continental Country Club Member? The Class also estimates this temporary solution could be completed quickly in months, not years. Continental Country Club HOA is a community located in Chula Vista, CA (San Diego County). The question is why. 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 hoa fees. The filing for Chapter 11 reorganization stays those fines. 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. How do timeshares fit into the funding picture? If APPROVED and Option A is selected, then the property will be deeded to the Lake Elaine owners. 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. They pay the full membership dues and receive the same benefits. Continental Country Club Who are the members of CCC? Continental Country Club - 78 Spaces - Apartments.com Continental Country Club Homeowners Association, Wildwood Florida 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. 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. 27470 Jefferson Ave. Pizza making Mamma mia, we love this one! If the Assessment and dues increase fails, and the HOA converts to Chapter 7, will the Lake Elaine lawsuit continue? Are our property assessments used for this? Joining the Continental Country Club HOA is the easiest way to protect your property's value! We are located on St Rte 44 just 2.5 miles east of Brownwood I dont golf. The obligation to pay dues at least at their current level runs with the land. Learn More on our tournaments page. She says, option one is deeding the property over to the Lake Elaine Homeowners and giving a lump sum payout of $2.5-million for them to be able to do an improvement on the lake as to what they would like, or option two is taking the $2.5-million and us creating a new amenity, which has four-to-five ponds, walking trails and benches which is open to all of the homeowners. Absentee ballots are due at the clubhouse by Thursday at 5 p.m., or residents can vote in person Saturday morning at 9 a.m. at Sinagua Middle School, where the vote count will take place. The restrictions contained in a declaration are covenants that run with the land and cannot be terminated by the owner. The criteria is based on the HOA community rules and regulations, bylaws and accountability. Continental Country Club HOA in Flagstaff, AZ - HOA Resource If the home is not associated with the Homeowners Association youre invited to deed restrict the property with CCC and become part of the Club! The community is gated, includes 24/7 security and even allows pets. 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 That would be within the discretion of the trustee. A future owner of your home may find golf or the other amenities appealing. 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 date did this filing for Chapter 11 Reorganization take effect? For HOA info, property manager and board member contact, HOA fees, maintenance requests, estoppel, complaints, HOA rules & regulations, documents, amenities, real estate purchase/sales, wind mitigation requests, and architectural/landscape committee. Wildwood, FL 34785. 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. Panda Express is expanding to east Flagstaff. You can cancel at any 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. Meeste parka Helly Hansen Continental XL UUS. It has not been a normal winter in Flagstaff. To him, the results of this 2020 study were disturbing.. 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. 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. There are condominiums, big and small, that you can purchase in the $180,000 - $300,000 price range. 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. This one-acre park, opened in 2013, includes a playground with a swing set and a picnic table. What happens if 2 YES (APPROVE) for Special Assessment and Annual Dues Increase? Why am I paying for amenities I dont use? If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! 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. 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. Reserve your next round of golf with our quick and convenient online booking engine. The failure to plan by the association, the failure to reserve funds, have really put the association in a tough spot.. These membership tiers are subdivision specific. 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. A reserve study is not something to be taken lightly, said lakefront resident Dan Penoff, who has nearly 30 years of experience on homeowners association boards outside of Continental. 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. Continental Country Club - Flagstaff Golf Homes - Our Complete At the beginning of the Chapter 11 process, we explained that values may be negatively affected. Pennsylvania (/ p n s l v e n i / (); Pennsylvania German: Pennsilfaani), officially the Commonwealth of Pennsylvania, is a state spanning the Mid-Atlantic, Northeastern, Appalachian, and Great Lakes regions of the United States.It borders Delaware to its southeast, Maryland to its south, West Virginia to its southwest, Ohio to its west, Lake Erie and the Canadian province of . 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. Court testimony confirmed what the Class already knew: The Lake holds water and can be fixed. 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. For the good of our residents and those who enjoy our facilities, it was time to take action.. These homeowners - the "Class" - believe that the Association has options to address its financial challenges. If I haven't yet paid my annual dues, will they still have to be paid? Log in, Continental Country Club HOA in Flagstaff, AZ, Forest Highlands Golf Club HOA in Flagstaff, AZ, Railroad Springs Townhomes HOA in Flagstaff, AZ. Based on the HOAs rules, those fees can only be raised by a two-thirds vote by all members. Sign up for our newsletter to keep reading. Still, Chapter 7 and the liquidation of assets that would follow are by no means in Continentals interests. 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. When will we know about the timing and amount of any assessments that will be needed? 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.. Is there a Special Assessment Payment Plan? That's not what any of our folks want. Continental Country Club mostly features cozy homes that are very reasonably priced. 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..