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. 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 is a one-time special assessment of $2,000. . 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. Get up-to-the-minute news sent straight to your device. What is the source of funds that are being used to pay for all the signage and banners to support the special assessment? 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. 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. Why are there currently some members paying different assessment rates? 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. The Trustee is charged with maximizing distributions to creditors. If you are looking for our main website, click here. What are we voting on, what is the timeline/details? 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. 27470 Jefferson Ave. Pizza making Mamma mia, we love this one! The association has said that any lake repair would cost millions of dollars. Yes, there is nothing inherent in Chapter 7 that dissolves the HOA. to fines, and Continental Country Club HOA reserves the right to require restoration of the property to its prior condition. 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. There was a problem saving your notification. The reorganization plan imposes an increase to our annual assessment that will be phased in over three years beginning in 2024. junio 12, 2022. jonah bobo 2005 . They are down to earth, fun-loving people that enjoy spending time together laughing over great food and refreshing drinks. 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. There are constant ongoing repairs and improvements required for these assets that must be addressed. Bliss said the HOA also has lots of deferred maintenance fees, while also having some of the lowest member fees in the state. Continental Country Club HOA is a community located in Flagstaff, AZ (Coconino County). How do timeshares fit into the funding picture? At the time, it was an asset to the HOA. Lake Elaine is not the reason for Continental Country Club's bankruptcy, it was only one of the straws to fall after years of what, in my opinion, is gross mismanagement.. 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. Will there be a special assessment to help cover some of the debts? Panda Express is expanding to east Flagstaff. 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. 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. We also have aging facilities that require upkeep with an insignificant amount of reserves. Without an additional court order, the Trustee steps into the Debtors shoes and inherits any and all land restrictions, encumbrances, etc. HOA Legal Name: CONTINENTAL COUNTRY CLUB R.O., INC. But some lakefront residents on the other side of the legal battle have a different perspective. Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. You can cancel at any time. Meeste parka Helly Hansen Continental XL UUS. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. The fee had been set to begin at the start of February, . Joining the Continental Country Club HOA is the easiest way to protect your propertys value! 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. 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. 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. All Single-Family homes governed by the CC&Rs are obligated to pay an annual lot assessment. 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. Even more, we do all the work of the Deed Restriction for you! Thank you to everyone who came out and play, we are looking forward to some exciting changes in-store for next year. Dues increases and/or special assessment would have been necessary even if a professional management company was involved. But the residents involved in the class action suit believe repairing the lake isn't nearly that expensive. But, in the 1990s, disaster struck. 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. Do all members of the HOA get to vote for the new HOA Dues and Special Assessment? 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. Continental County Club has filed for Chapter 11 bankruptcy protection, but daily operations wont change. Home to one of the best-rated public golf courses in Flagstaff, AZ. 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 question is why. Sign up for our newsletter to keep reading. Why am I paying for amenities I dont use? The availability of these amenities, whether used or not, makes CCC a desirable neighborhood and increases property values. The Course is open to homeowners and timeshare owners residing within subdivisions of Continental Country Club's Homeowners Association. 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. The first payment would be due the same day as the due date for the special assessment. Get up-to-the-minute news sent straight to your device. 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 Country Club has 2,395 owners. 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. Subscribe to our Daily Headlines newsletter. Quick Facts Getting Around Continental Country Club Continental Country Club Learn more about this neighborhood. Court testimony confirmed what the Class already knew: The Lake holds water and can be fixed. 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. 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. It is not clear how the bankruptcy might impact the Lake Elaine issue, but Bliss said it could lead to a situation where the HOA is able to eliminate the lake but pay the surrounding homeowners for the reduced value of their homes. 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 want the lake fixed, Bliss said. 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. 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'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. Register for our eClub to receive regular offers and updates from Continental CC! By 2026, the annual dues increase will be $189. That's not true. Then, you've come to the right place. Situated below Mount Elden in Flagstaff, AZ, the 18-hole championship golf course at Continental Country Club was designed by Bob E. Baldock. Is it possible to leave the HOA so we're not part of it? 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. The January newsletter provided to homeowners did reference that bankruptcy was an option that was being considered. Even more, we do all the work of the Deed Restriction for you! We will keep our facilities open and our employees will be working to ensure business as usual. 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. Here are the top City of Flagstaff stories from 2022. Its those reasons why the Club went into Chapter 11 bankruptcy in February of 2021. The issues we are dealing with today began 30 years ago and the current board wasnt a part of. The Villages, FL 32162 Directions. The remaining properties consist of Townhomes, Condos and timeshares. The Wyndham Timeshares (125 units) are Full Members of Continental just like all other owners. 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. Fee: Continental Country Club HOA or Social Membership fee required. 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. So, we either pay the known $2.5 million now, or pay more later up to the $15 million? Will there be an increase to my annual assessment? This filing allows Continental and its homeowners the chance for a fresh start so we can best address several issues, Held said. Four Star Homes has Properties in Adult, Family, and Senior Communities throughout Central Florida. A future owner of your home may find golf or the other amenities appealing. The Continental Country Club constructed Lake Elaine back in the 1970s. What date did this filing for Chapter 11 Reorganization take effect? 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. We do not currently expect the LFOs to elect Option A. Can we just abandon the property? Some of that is the result of limitations on the Associations revenues and on its ability to raise dues or impose special assessments. For the most part, most of our Members should not be affected by this petition. 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! Court reservations required. 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. The criteria is based on the HOA community rules and regulations, bylaws and accountability. We are located on St Rte 44 just 2.5 miles east of Brownwood 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. Cracked limestone makes up the karst geologic formation beneath a worn-out section of concrete and plastic liner on the edge of Lake Elaine in the Continental Country Club in this 2016 photo. What happens if 2 YES (APPROVE) for Special Assessment and Annual Dues Increase? The money for the signs was donated. 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. These homeowners are known as Associate members. There are condominiums, big and small, that you can purchase in the $180,000 - $300,000 price range. 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. 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. continental country club hoa fees. Chapter 11 Reorganization | FAQ | Communication with Members | Court Motions & Hearings | Media Announcements. The Lakeside Homeowners would lose as much as any other owner would if the bankruptcy ended in a liquidation.. Were empathetic to those on fixed incomes, and offer payment plans to ease burdens. 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. Come see us today! Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. In 2006 Continental Country Club succeeded in unifying (11) different sets of CC&Rs for individual single-family subdivisions. https://continentalflagstaff.com/what-if-our-members-dont-approve/. To hear Peter and Daves interview with Continental Country Club General Manager Talia Murray, click here: Great Circle Media serves Flagstaff, Prescott, Sedona, and the surrounding areas with Northern Arizonas Best Radio Stations! They stick to the claim that maintaining the lake in the manner outlined in 1990 is no longer physically possible, economically feasible or ecologically sound., While the court concluded that it was possible to maintain the lake, and that Continental had a responsibility to do so, the engineering reports that informed the decision paint a more complex picture. This offer was rejected, and the Class finds it unfortunate that the Association refused to further negotiate before moving forward with Chapter 11 in secret with no transparency or consultation of any members. They don't want to claim for damages. 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. The Continental Country Club in Flagstaff is bankrupt. What about the special assessment or other fees? The obligation to pay dues at least at their current level runs with the land. Subscribe to our Daily Headlines newsletter. Example turn the golf course into single-family homes. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. Becoming a member at Continental Country Club is an investment in yourself, your family and your future. 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. 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. 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. 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. The Board approved a two-tier membership now known as Associate and Full Membership to account for the difference in assessment levels. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! The intent in filing Chapter 11 Reorganization was to give CCC the opportunity to develop a reorganization plan and develop a solid financial footing for the future. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. There are many types of townhomes available from $300,000 - $500,000. When were the clubhouse and clubhouse pool built? A filing for Bankruptcy can take many forms, including a Chapter 11 Reorganization. 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 . 219 4. The Continental Country Club course is filled with par 3s and par 5s, offers beautiful mountain views and a friendly, neighborhood environment. 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. One that was, you know, competent., Financial mismanagement reaches further back than the 2020 study, said resident John Nilsson. A big vote is underway at Continental Country Club in East Flagstaff. Unfortunately, this was the only possible conclusion, and once decided, needed to be acted upon quickly. 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. For these reasons, they continue to urge Continental residents to vote to approve the specially assessment payment of $2,000 and the 20% increase on annual dues, suggesting its the financially responsible thing to do. Continental Country Club Who are the members of CCC? Now, it has turned to owners for funding. Staffed with talented and devoted professionals, Continental Country Club is among the area's best-rated public courses. Trees are falling in Flagstaff and have been compromised as a result of recent winter storms. 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. The fee had been set to begin at the start of February, but due to the bankruptcy, it has been put on hold. Now, the association is asking homeowners to vote to approve two items a one-time fee and an increase in annual dues. 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. $273 Buyer's Agent Commission 2.5% Street View Directions Ask Redfin Agent Cody a Question Cody Bauer Flagstaff Redfin Agent This community dates back to 1975 and has continued to develop over the years. At the time of the study, Continentals reserve balance was $54,291. Still, Chapter 7 and the liquidation of assets that would follow are by no means in Continentals interests. The Board President of the Homeowners Association of Continental Country Club in Flagstaff, . Round Table Discussions will be held on every, We will also be having Town Hall Meetings for everyone who is interested in attending. How do timeshares fit into the funding picture? They pay the full membership dues and receive the same benefits. Continental Country Club HOA is a community located in Chula Vista, CA (San Diego County). 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 Here, golfers find a quiet and peaceful round of golf at what feels like a destination 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? 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.. That fee would drop to $500 if the HOA begins refilling the lake, and continue until it is full. This option would release the Association from, Option #2 would be to spend that $2.5 million and create the new amenity. Are you looking for a great restaurant? Continental Country Club home prices vary from luxury homes to more affordable homes that might be perfect for first-time buyers. No true repairs have been made to the Lake since 1994. The funds usually have strict criteria for how they are to be used. application fee details: $55 app fee online at our website bishoprealtygrp. Flagstaff, AZ 86004, Call Continental Country Club at (928) 526-5125, on our EZLinks tee times page in a new tab. On this point, the Legionnaires agree. If it is to be divested, it must be accepted by a third party. A 1991 class action lawsuit ruling stated the lake must remain full. However, a Chapter 7 panel trustee would be appointed and all decisions regarding the operations of the HOA will be made by the Trustee. 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. What is the difference between Chapter 11 Reorganization and Bankruptcy? One thing to remember, you will be required to pay additional Home Owner . Is there a Special Assessment Payment Plan? Get Adobe Acrobat Reader free to view these files. Continental Golf Course Is CLOSED for the Season! Background: How did we get in this situation regarding Lake Elaine and the Bankruptcy? Continental has known about its financial challenges for years, even decades, but neglected to plan for or properly address them. The Ferraro Groups contract and the previous Cindy May Marketing contract are for the same amount. Mo. Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. The work and fines until the lake was filled amounted to a lot of money that our Association does not have. Professional management associations still report to a board of directors which makes final decisions. Beyond the potential Lake Elaine obligations, we have a 50-year-old building, and numerous amenities. Why are there currently some members paying different assessment rates? This includes CC&Rs enforcement on the property, common area maintenance, amenities access and social activities. This area is served by the Sweetwater Union High attendance zone. . If APPROVED and Option A is selected, then the property will be deeded to the Lake Elaine owners. Are you looking for a great golf course?Are you looking for a great restaurant?Are you looking for a great 55+ retirement community?Then, youve come to the right place. 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. The costs are too much of a burden for members on a fixed income? If I havent yet paid my annual dues, will they still have to be paid? The Continental Country Club in Flagstaff is bankrupt. The original clubhouse was built in 1960. This anomaly resulted in 1994. Are the fines associated with the October 2020 preliminary ruling being assessed currently? We have compensated by charging usage fees and not giving golf discounts to those who do not pay the full amount. https://continentalflagstaff.com/fee-schedule-to-support-the-reorganization-plan/. The CC&Rs govern 1,210 single family homes. But Bliss also took issue with the HOAs suggestion that the issue over Lake Elaine was the primary cause of the bankruptcy. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. Continental is responsible for those owners access to amenities and common area maintenance. Raising dues and increasing assessments is an important step to funding the reserves, Cohen's statement said. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. 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. This discount allows members & guests to enjoy the lowest rates offered on our rack card. The required work would require Engineers, Contractors, and time. Main: (928) 526-5125Oakmont: (928) 526-7990Golf Shop: (928) 527-7997Bear Paw: (928) 522-1588, 2023 CONTINENTAL COUNTRY CLUB ALL RIGHTS RESERVED. 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.
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