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. 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 reorganization plan imposes an increase to our annual assessment that will be phased in over three years beginning in 2024. Board Members for Continental Country Club Ro: Title Name Mailing Address Location; Dire . Trees are falling in Flagstaff and have been compromised as a result of recent winter storms. The benefits are endless and your experiences will last a lifetime. Then, you've come to the right place.
Held says the work would take time and millions of dollars. Get Adobe Acrobat Reader free to view these files. Yes, on November 16, 2021 the board unanimously passed a one-time resolution allowing townhome/condominium members a vote on the two fees that are required to support the reorganization plan. https://continentalflagstaff.com/what-if-our-members-dont-approve/. For more information contact Continental Country Club Guest Services at . The Lake Elaine lawsuit was based on a 1990 Amended Judgement and Settlement that was rejected by the bankruptcy court earlier this year. Professional management associations still report to a board of directors which makes final decisions. You have permission to edit this article. Based on the HOAs rules, those fees can only be raised by a two-thirds vote by all members.
Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. There are constant ongoing repairs and improvements required for these assets that must be addressed. The Class also estimates this temporary solution could be completed quickly in months, not years. The Continental Country Club course is filled with par 3s and par 5s, offers beautiful mountain views and a friendly, neighborhood environment. Panda Express is expanding to east Flagstaff. 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. Situated below Mount Elden in Flagstaff, AZ, the 18-hole championship golf course at Continental Country Club was designed by Bob E. Baldock. 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. Even more, we do all the work of the Deed Restriction for you!
4530 Red Fox Ln, Flagstaff, AZ 86004 | MLS# 192424 | Redfin 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. Fee: Continental Country Club HOA or Social Membership fee required. The special assessment can be paid over two years with eight (8) quarterly payments of $261 (which includes 5% interest). Our main desire is for members and guests, alike, to have a memorable golfing experience. Is it possible to leave the HOA so we're not part of it? The owners of these properties are also obligated to pay annual assessments to CCC based on their respective CC&Rs. 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.
Continental Country Club HOA in Flagstaff, AZ - HOA Resource How much are you paying for these signs Im seeing, and this PR firm? Will all country club members be allowed on the new redeveloped lake? 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.
Continental Country Club HOA in Chula Vista, CA 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. 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. 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. The Boards decision to take this step relied on a three-pronged financial problem that was accelerated after the October 30th preliminary ruling of finding CCC in contempt for having not maintained Lake Elaine consistent with a 1990 Consent Decree, discussed below. But, in the 1990s, disaster struck. More information on the voting process for residents of the neighborhood can be found at continentalflagstaff.com/the-voting-process-on-the-two-fees/. How does the Chapter 11 filing affect me as a Continental Country Club Member? Continental owns and maintains the Walnut Canyon Lakes, and the Associations own experts have testified that Lake Elaine can be repaired. 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. No true repairs have been made to the Lake since 1994. 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. Bronson Creek feeds into a wetland on the east side of the park; a paved trail provides access to the wetland. The funds usually have strict criteria for how they are to be used. Email notifications are only sent once a day, and only if there are new matching items. 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. Here, golfers find a quiet and peaceful round of golf at what feels like a destination 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. Most of it, though, is the result of the Associations failure to plan and its collective failure to confront issues and take proactive steps to address them.
continental country club hoa fees $273 Buyer's Agent Commission 2.5% Street View Directions Ask Redfin Agent Cody a Question Cody Bauer Flagstaff Redfin Agent 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. . Elden Thursday, Jeronimo Vasquez Named District 2 Supervisor, Grand Falls Closed To Visitors Until Further Notice, Over 30-Inches Of Snow Fell Near Downtown Flagstaff And Kachina Village From The Latest Storm, Arizona State Forestry Allocates $27-Million To Flagstaff And Coconino County, Flagstaff Beats Pueblo To Win The 4A Girls State Basketball Title, School Closings And Delays, Along With Other Weather-Related Matters For Thursday In Northern Arizona, NAU, FUSD Closed As A Major Winter Storm Leaves Feet Of Snow Behind, Missing Man, Who Was Last Believed To Be In Williams, Has Been Found Safe, ADOT Holding A Public, In-Person Meeting In Flagstaff Next Wednesday, Winter Storm Warning Extended To 11 A.M. Thursday For Flagstaff And Surrounding Areas, Copyright 2023 Great Circle Media | All Rights Reserved | Privacy Policy. Each year, members may elect a new board or move to a professional management association. The criteria is based on the HOA community rules and regulations, bylaws and accountability. Continental has known about its financial challenges for years, even decades, but neglected to plan for or properly address them. Sign up for our newsletter to keep reading. Do all members of the HOA get to vote for the new HOA Dues and Special Assessment? 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 Zillow has 3 homes for sale in 34785 matching Continental Country Club. CCC also had a balloon payment due in October, for $600,000. The community is gated, includes 24/7 security and even allows pets. 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. Flagstaff City Championship Flyer Who owns the property Lake Elaine is on and who is responsible for its redevelopment and construction? By 2026, the annual dues increase will be $291. Were voting for a smaller cost now ($2,000 to cover the $2.5M), to protect ourselves from possible larger costs later, unending litigation and the $15 million claim of the LFOs that could not be addressed any other way outside of bankruptcy, to protect our amenities and eradicate Lake Elaine issues. This option would release the Association from, Option #2 would be to spend that $2.5 million and create the new amenity. Joining the Continental Country Club HOA is the easiest way to protect your property's 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. It is not true that the Lakeside Homeowners want to bankrupt [Continental], the Legionnaire statement says. If you are looking for our main website, click here.
Continental Country Club's HOA files for Chapter 11 bankruptcy There is a one-time special assessment of $2,000. The special assessment will go into effect immediately and the annual dues increase, phased over three years, is estimated to begin in 2024. https://continentalflagstaff.com/planning-for-a-special-assessment-of-2000/, As the CC&Rs are currently written, townhome and condos have the right to vote on special assessments and on annual assessment increases of over 20%. 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. 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.. There are many unknowns associated with a conversion to Chapter 7. Flyer Link. That fee would drop to $500 if the HOA begins refilling the lake and continue until it is full. Our members are what makes the social membership so special.
Cont Country Club HOA Flagstaff, AZ - HOA Community A July 14 article for the Arizona Daily Sun explored the issue through testimony from management of the country. 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! Some of that is the result of limitations on the Associations revenues and on its ability to raise dues or impose special assessments.
Continental Country Club Files For Chapter 11 Bankruptcy, Will Stay Continental Country Club Resorts, Wildwood, FL Real Estate & Homes for Bliss said the HOA also has lots of deferred maintenance fees, while also having some of the lowest member fees in the state. Meeste parka Helly Hansen Continental XL UUS. At the time of the study, Continentals reserve balance was $54,291. 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. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. The failure to plan by the association, the failure to reserve funds, have really put the association in a tough spot.. 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. 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. Dues increases and/or special assessment would have been necessary even if a professional management company was involved. 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 The Wyndham Timeshares (125 units) are Full Members of Continental just like all other owners.
A Big Vote Is Underway At Continental Country Club 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.. The Ferraro Groups contract and the previous Cindy May Marketing contract are for the same amount. That's not true. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. The original clubhouse was built in 1960. I just see that as being poorly managed, Penoff said. Instead it has chosen to walk away from its obligations through bankruptcy reorganization, creating a stigma impacting more than 2,500 Association members. Court testimony confirmed what the Class already knew: The Lake holds water and can be fixed. 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! President - The president of the Board presides at all meetings of the Board of Directors. At Continental, you are more than a member; you are part of the family.
Membership - Continental Country Club That fee would drop to $500 if the HOA begins refilling the lake, and continue until it is full. He is a big sweetheart but a little too rough for my Pygmy Goats. Contact ClubCorp for social membership dues questions: 623-742-6200 Download homeowners online payment guide. 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. Flagstaff, Feb. 12, 2021 - Continental Country Club is a great place to live and provides many amenities for the broader community. If APPROVED and Option A is selected, then the property will be deeded to the Lake Elaine owners. 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. When will we know about the timing and amount of any assessments that will be needed? Flagstaff, Feb. 12, 2021 Continental Country Club is a great place to live and provides many amenities for the broader community. And its free! On this point, the Legionnaires agree. Then starting in 2024, full members would owe an additional $97 for 2024, 2025 and 2026. Homeowners have a duty to pay their annual dues and this holds true even while in a Chapter 11 reorganization. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. 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. Why am I paying for amenities I dont use? 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. The trustee is appointed to liquidate and pay, not operate. 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? to fines, and Continental Country Club HOA reserves the right to require restoration of the property to its prior condition. Quick Facts Getting Around Continental Country Club Continental Country Club Learn more about this neighborhood.
Deeper into Lake Elaine: Residents contend lake is not to blame for ", 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. 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. You have permission to edit this article.
Continental Country Club HOA Chula Vista, CA 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. If we convert to Chapter 7, the HOA cannot be sued by Lake Elaine property owners or any other entity. Once that happens, and at the approval of the homeowners, selling the golf course is something that can be discussed. Subscribe to our Daily Headlines newsletter. View Properties for Sale at Continental Country Club located in Wildwood, FL. By the end of the year, they expected they could get that number to $125,000. Continental received $1500 in donations for marketing materials for the campaign. Continental Country Club HOA is a community located in Flagstaff, AZ (Coconino County). The fee had been set to begin at the start of February, . Were empathetic to those on fixed incomes, and offer payment plans to ease burdens. One that was, you know, competent., Financial mismanagement reaches further back than the 2020 study, said resident John Nilsson. 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. You can cancel at any time. The Continental CC course can host up to 144 golfers at a time with a shot gun start.
CONTINENTAL COUNTRY CLUB RO, WILDWOOD FL HOA Board, Property Mgr However, a Chapter 7 panel trustee would be appointed and all decisions regarding the operations of the HOA will be made by the Trustee. Come see us today! These homeowners are known as Associate members. Why did the Board decide to take this step now? Ensure continued use of our club amenities and environment.
There are a lot of different options when it comes to housing in Continental Country Club. The reorganization plan imposes a one-time special assessment of $2,000. Chapter 11 Reorganization | FAQ | Communication with Members | Court Motions & Hearings | Media Announcements. At the beginning of the Chapter 11 process, we explained that values may be negatively affected. What about the special assessment or other fees? The required work would require Engineers, Contractors, and time. Will there be a special assessment to help cover some of the debts? 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. What is the process required to divest the HOA of Lake Elaine? These properties have individual property management companies who handles their CC&R enforcement and day-to-day operation. Here are the top City of Flagstaff stories from 2022. .
Tripadvisor Rockport Maine2 mi$$ - $$$ American Seafood Grill Are our property assessments used for this? In their disclosure statement, Continental says they are informed and believe that the Lakefront Group has separately evaluated [the small lake option] and has concluded that the costs of implementing [this option] are significantly less than [Continentals] $3 million estimate, but discussions between the parties to date have not been able to reconcile these differences., In either case, to the Legionnaires, being handed the deed to the lake is not an attractive option, and it asks the lakefront owners to take on the problem that [Continental] created. What they want is for Continental to take responsibility for the lake repair and also pay some money toward the Lakeside Homeowners attorneys fees which are damages that the Lakeside Homeowners have suffered as a result of [Continentals] rejection of the 1990 Settlement Judgment.. Thank you to everyone who came out and play, we are looking forward to some exciting changes in-store for next year.
Buying and Living in Continental Country Club - Best Flagstaff Homes 150 Saab tingida. . We will keep our facilities open and our employees will be working to ensure business as usual. 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.. If I havent yet paid my annual dues, will they still have to be paid?
Two yeses mean $2.5M goes to either Option 1 or 2 as determined by creditors. The following is a statement from Lakeside Homeowners At Continental: Continental Country Clubs Financial Challenges Result From Failure to Plan and Confront Obligations. Without an additional court order, the Trustee steps into the Debtors shoes and inherits any and all land restrictions, encumbrances, etc. 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. Is it possible to leave the HOA so we're not part of it? How do timeshares fit into the funding picture? This included signage, team captain materials and t-shirts. That would be within the discretion of the trustee.
Home - Continental Country Club FL But the residents involved in the class action suit believe repairing the lake isn't nearly that expensive. There was a problem saving your notification. What is the difference between Chapter 11 Reorganization and Bankruptcy? We do support the vote for the additional funds for the homeowners association.. .
Welcome to Anthem Community Council If the Assessment and dues increase fails, and the HOA converts to Chapter 7, will the Lake Elaine lawsuit continue? This one-acre park, opened in 2013, includes a playground with a swing set and a picnic table. 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.