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. That fee would drop to $500 if the HOA begins refilling the lake, and continue until it is full. Continental Country Club has 2,395 owners. The remaining properties consist of Townhomes, Condos and timeshares. The Continental Country Club in Flagstaff is bankrupt. Now, the association is asking homeowners to vote to approve two items a one-time fee and an increase in annual dues. This option would release the Association from, Option #2 would be to spend that $2.5 million and create the new amenity. Starting in 2024, associate members would owe an additional $63 for 2024, 2025, and 2026. 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. 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. 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. . There are many unknowns associated with a conversion to Chapter 7. 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. They pay the full membership dues and receive the same benefits. If Option B is selected, the redesign will be the Associations responsibility. What are we voting on, what is the timeline/details? 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. 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. https://continentalflagstaff.com/motion-to-reject-1990-agreement-granted/. 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. This filing allows Continental and its homeowners the chance for a fresh start so we can best address several issues, Held said. 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 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. Why are there currently some members paying different assessment rates? But some lakefront residents on the other side of the legal battle have a different perspective. Continental Country Club Flagstaff, AZ 86004 Situated below Mount Elden in Flagstaff, AZ, the 18-hole championship golf course at Continental Country Club was designed by Bob E. Baldock. The Continental Country Club course is filled with par 3s and par 5s, offers beautiful mountain views and a friendly, neighborhood environment. The owners of these properties are also obligated to pay annual assessments to CCC based on their respective CC&Rs. Is it possible to leave the HOA so we're not part of it? The association has said that any lake repair would cost millions of dollars. 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. If we pay the $2.5M now, were done forever, other than ongoing maintenance of the small ponds, according to Judge Ballinger. How will this affect the value of my home? 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. Home to one of the best-rated public golf courses in Flagstaff, AZ. Continental Country Club HOA Chula Vista, CA Before buying in Continental Country Club HOA you will want to check out their reserve funds, budgets, bylaws as well as the rules and restrictions of the community. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. You have permission to edit this article. Is there a Special Assessment Payment Plan? 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. When will we know about the timing and amount of any assessments that will be needed? 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 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. 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. Main: (928) 526-5125Oakmont: (928) 526-7990Golf Shop: (928) 527-7997Bear Paw: (928) 522-1588, 2023 CONTINENTAL COUNTRY CLUB ALL RIGHTS RESERVED. 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. Will there be a special assessment to help cover some of the debts? Is it possible to leave the HOA so we're not part of it? How much are you paying for these signs Im seeing, and this PR firm? 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. Lease Details & Fees Details Property Information 78 units/1 story Location 445 Orange Ave , Chula Vista , CA 91911 Get Directions This Property Available Property If we had hired a professional HOA management team a few years ago, could we have avoided all this? First used to store water for the golf course, Lake Elaine is now only aesthetic, but has been leaking water for decades. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). If the Assessment and dues increase fails, and the HOA converts to Chapter 7, will the Lake Elaine lawsuit continue? A big vote is underway at Continental Country Club in East Flagstaff. There are condominiums, big and small, that you can purchase in the $180,000 - $300,000 price range. 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. junio 12, 2022. jonah bobo 2005 . It bolstered the property values of homes located on the waterfront and was a gorgeous sight to see. We are located on St Rte 44 just 2.5 miles east of Brownwood The Court also imposed on CCC a $700/day fine until water began flowing into the lake at which point the fine would be reduced to $500/day until the lake was filled. The work and fines until the lake was filled amounted to a lot of money that our Association does not have. Held says the bankruptcy wont close the golf course or force any layoffs and daily operations will go on as normal. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! What happens if we vote NO (DO NOT APPROVE) or dont meet the quorum requirement after two tries? Please subscribe to keep reading. Meeste parka Helly Hansen Continental XL UUS. Sign up for our newsletter to keep reading. 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. Based on the HOAs rules, those fees can only be raised by a two-thirds vote by all members. Log in, Continental Country Club HOA Chula Vista, CA, Alicante at San Miguel Ranch HOA Chula Vista, CA. Each year, members may elect a new board or move to a professional management association. 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 Continental Country Club constructed Lake Elaine back in the 1970s. A 1991 class action lawsuit ruling stated the lake must remain full. There are approximately 1,360 single-family homes (in addition to 1,030 townhouses, condos, and timeshares) within the Continental Country Club Homeowners Association. Our main desire is for members and guests, alike, to have a memorable golfing experience. to fines, and Continental Country Club HOA reserves the right to require restoration of the property to its prior condition. A Flagstaff man is behind bars, charged with aggravated DUI and kidnapping. There has been much misinformation about the history of Lake Elaine and the ability to maintain lakes in this area. 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. 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. Instead it has chosen to walk away from its obligations through bankruptcy reorganization, creating a stigma impacting more than 2,500 Association members. 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. 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. 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.. This includes CC&Rs enforcement on the property, common area maintenance, amenities access and social activities. Why dont we just sell the golf course to eliminate the large expense of deferred and ongoing maintenance? The Trustee is charged with maximizing distributions to creditors. 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. 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. This included an offer to complete a partial top-down repair to buy more time. 3. The Lakeside Homeowners would lose as much as any other owner would if the bankruptcy ended in a liquidation.. Deeper into Lake Elaine: Residents contend lake is not to blame for country clubs bankruptcy. Without an additional court order, the Trustee steps into the Debtors shoes and inherits any and all land restrictions, encumbrances, etc. That's not what any of our folks want. One that was, you know, competent., Financial mismanagement reaches further back than the 2020 study, said resident John Nilsson. Panda Express is expanding to east Flagstaff. An HOA faces bankruptcy because of its man-made lake. Why am I paying for amenities I dont use? The Continental Country Club constructed Lake Elaine back in the 1970s. The fee had been set to begin at the start of February, but due to the bankruptcy, it has been put on hold. Continental has known about its financial challenges for years, even decades, but neglected to plan for or properly address them. 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. No true repairs have been made to the Lake since 1994. At the time, it was an asset to the HOA. Dues increases and/or special assessment would have been necessary even if a professional management company was involved. 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.. The question is why. These homeowners the Class believe that the Association has options to address its financial challenges. And it's free! What about the special assessment or other fees? 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. Who owns the property Lake Elaine is on and who is responsible for its redevelopment and construction? Mo. 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. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. Continental Country Club mostly features cozy homes that are very reasonably priced. That fee would drop to $500 if the HOA begins refilling the lake and continue until it is full. This community dates back to 1975 and has continued to develop over the years. 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. That resulted in two levels. 2380 N. Oakmont Drive, Flagstaff, AZ 86004 (928) 526-5125 www.continentalflagstaff.com . The fee had been set to begin at the start of February, . He recalled clear statements in meeting minutes from Continentals board of directors meeting that the reserves were significantly inadequate back in 2014., There was no follow-through, and the reserves are still woefully inadequate, Nilsson said. There is no definite date as to when the clubhouse pool was built; however, there is a 1979 photograph showing the pool and the two adjacent tennis courts. 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. This discount allows members & guests to enjoy the lowest rates offered on our rack card. In 2006 Continental Country Club succeeded in unifying (11) different sets of CC&Rs for individual single-family subdivisions. 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. 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. Even more, we do all the work of the Deed Restriction for you! The availability of these amenities, whether used or not, makes CCC a desirable neighborhood and increases property values. 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! 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. But the residents involved in the class action suit believe repairing the lake isn't nearly that expensive. 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. 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. 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. . {{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. Reorganization comes after decades of the Association kicking the can down the road. The Course is open to homeowners and timeshare owners residing within subdivisions of Continental Country Club's Homeowners Association. The reorganization plan imposes a one-time special assessment of $2,000. 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. 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. 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. Voting to approve these additional funds ends July 28. 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. 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. continental country club hoa fees. Do all members of the HOA get to vote for the new HOA Dues and Special Assessment? All owners of lots subject to the declaration are required to be members of Continental Country Club, Inc., per the recorded declaration. When were the clubhouse and clubhouse pool built? A July 14 article for the Arizona Daily Sun explored the issue through testimony from management of the country. A Chapter 11 Reorganization allows us to create a plan of reorganization (a new business plan) and show the court how CCC plans to effectuate the plan. The Lake Elaine lawsuit was based on a 1990 Amended Judgement and Settlement that was rejected by the bankruptcy court earlier this year. Staffed with talented and devoted professionals, Continental Country Club is among the area's best-rated public courses. Raising dues and increasing assessments is an important step to funding the reserves, Cohen's statement said. Please subscribe to keep reading. Helly Hansen Active Winter sulejope UUS! HOA Documents Articles of Incorporation CC&Rs Bylaws Membership Policies At the time, it was an asset to the HOA. 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. Beginning 2024, we have three small increases to annual dues of $97 which resolves deferred maintenance and creates appropriate reserves/plan for maintaining building/grounds. 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. Held says the work would take time and millions of dollars. Court reservations required. Log in, Continental Country Club HOA in Flagstaff, AZ, Forest Highlands Golf Club HOA in Flagstaff, AZ, Railroad Springs Townhomes HOA in Flagstaff, AZ. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. Are you looking for a great 55+ retirement community? 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. Can I see a Reserve Study Summary of expenditures broken out by amenity? The criteria is based on the HOA community rules and regulations, bylaws and accountability. At the time of the study, Continentals reserve balance was $54,291. 27470 Jefferson Ave. Pizza making Mamma mia, we love this one! View Properties for Sale at Continental Country Club located in Wildwood, FL. Continental Country Club. Wildwood, FL 34785. The CC&Rs govern 1,210 single family homes. ", 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. From AU$247 per night on Tripadvisor: Starlight Lodge at Rockport Harbor, Rockport. Board Members for Continental Country Club Ro: Title Name Mailing Address Location; Dire . 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. These dates are on the listed, 6/28: ballots on the two fees required to support the reorganization plan will be mailed to members, 7/30: Special Meeting of the members to vote and certify the count, 8/4: Initial Confirmation Hearing in the Bankruptcy Court. Continental County Club has filed for Chapter 11 bankruptcy protection, but daily operations wont change. Court testimony confirmed what the Class already knew: The Lake holds water and can be fixed. 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 .