The January newsletter provided to homeowners did reference that bankruptcy was an option that was being considered. 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. 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. That fee would drop to $500 if the HOA begins refilling the lake and continue until it is full. 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. Professional management associations still report to a board of directors which makes final decisions. 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. 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 . 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. A big vote is underway at Continental Country Club in East Flagstaff. The lake level has been falling because water is seeping out despite previous attempts to seal the lake bottom. How do timeshares fit into the funding picture? If it is to be divested, it must be accepted by a third party. https://continentalflagstaff.com/what-if-our-members-dont-approve/. The property cannot be abandoned. 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. But for Continental to do any of this, theyll need money, and they dont deny that they need money for more than just Lake Elaine. 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. Please subscribe to keep reading. 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. 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! The criteria is based on the HOA community rules and regulations, bylaws and accountability. There are approximately 1,360 single-family homes (in addition to 1,030 townhouses, condos, and timeshares) within the Continental Country Club Homeowners Association. Thank you to everyone who came out and play, we are looking forward to some exciting changes in-store for next year. I dont golf. All owners of lots subject to the declaration are required to be members of Continental Country Club, Inc., per the recorded declaration. The Country Inn at Camden Rockport Show prices Enter dates to see prices 505 reviews #1 Best Value of 15 places to stay in Rockport By Allyson R "The staff is fantastic, the room clean and comfortable, the continental breakfast delicious and hot. He is a big sweetheart but a little too rough for my Pygmy Goats. ", 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. 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. 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. 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. For the most part, most of our Members should not be affected by this petition. Reorganization comes after decades of the Association kicking the can down the road. One thing to remember, you will be required to pay additional Home Owner . The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. This filing allows Continental and its homeowners the chance for a fresh start so we can best address several issues, Held said. 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. 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. 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. There are many types of townhomes available from $300,000 - $500,000. One that was, you know, competent., Financial mismanagement reaches further back than the 2020 study, said resident John Nilsson. . Are you looking for a great 55+ retirement community? We do support the vote for the additional funds for the homeowners association.. If the plan is approved, Murray says there are two options that can be done with the land. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. The funds usually have strict criteria for how they are to be used. This included an offer to complete a partial top-down repair to buy more time. Lease Details & Fees Details Property Information 78 units/1 story Location 445 Orange Ave , Chula Vista , CA 91911 Get Directions This Property Available Property 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. If I haven't yet paid my annual dues, will they still have to be paid? Bronson Creek feeds into a wetland on the east side of the park; a paved trail provides access to the wetland. Get up-to-the-minute news sent straight to your device. Quite honestly, I can't imagine a professional management company letting this happen. They don't want to claim for damages. If I havent yet paid my annual dues, will they still have to be paid? Continental County Club has filed for Chapter 11 bankruptcy protection, but daily operations wont change. They pay the full membership dues and receive the same benefits. At the time of the study, Continentals reserve balance was $54,291. Can a trustee remove the restrictions on the use of the golf course to sell it for maximum value? Sean Golightly reports on the environment and the city of Flagstaff. Held says the work would take time and millions of dollars. Wyndham also contributes 50% of the cost of running the Fitness Center and pays for all Capital Improvements at Bear Paw + 60% of the operational day-to-day costs. 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. Will all country club members be allowed on the new redeveloped lake? Three People Were Killed In A Multi-Vehicle Accident On I-40 Near Williams Tuesday, Flagstaffs Mayor Paul Deasy Declares A State Of Emergency For The City Due To Post-Pipeline Fire Flooding, 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. Wildwood, FL 34785. Print Subscribe Was this page helpful? We do not currently expect the LFOs to elect Option A. 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. HOA Fee Includes What is the difference between Chapter 11 Reorganization and Bankruptcy? 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. 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. 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. For more information contact Continental Country Club Guest Services at . 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! This included signage, team captain materials and t-shirts. The issues we are dealing with today began 30 years ago and the current board wasnt a part of. 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 {{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. Continental Golf Course Is CLOSED for the Season! The required work would require Engineers, Contractors, and time. 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. Back then, the increase had to be approved in each single-family subdivision. Reserve your next round of golf with our quick and convenient online booking engine. Why dont we just sell the golf course to eliminate the large expense of deferred and ongoing maintenance? There has been much misinformation about the history of Lake Elaine and the ability to maintain lakes in this area. Court testimony confirmed what the Class already knew: The Lake holds water and can be fixed. Trees are falling in Flagstaff and have been compromised as a result of recent winter storms. These homeowners are known as Associate members. 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. HOA Documents Articles of Incorporation CC&Rs Bylaws Membership Policies 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. Voting to approve these additional funds ends July 28. It has not been a normal winter in Flagstaff. 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 Learn More on our tournaments page. 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. The Continental Country Club in Flagstaff is bankrupt. 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. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. The question is why. Do all members of the HOA get to vote for the new HOA Dues and Special Assessment? 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. 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. 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. These membership tiers are subdivision specific. 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 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. Yes, there is nothing inherent in Chapter 7 that dissolves the HOA. If Option B is selected, the redesign will be the Associations responsibility. Continental Country Club HOA is a community located in Chula Vista, CA (San Diego County). 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. We have compensated by charging usage fees and not giving golf discounts to those who do not pay the full amount. Schedule: No open play during the off-season (Nov-Apr). 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. Raising dues and increasing assessments is an important step to funding the reserves, Cohen's statement said. The money for the signs was donated. The association has said that any lake repair would cost millions of dollars. Continental has known about its financial challenges for years, even decades, but neglected to plan for or properly address them. Once that happens, and at the approval of the homeowners, selling the golf course is something that can be discussed. Homeowners have a duty to pay their annual dues and this holds true even while in a Chapter 11 reorganization. Court reservations required. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). Who owns the property Lake Elaine is on and who is responsible for its redevelopment and construction? It is not true that the Lakeside Homeowners want to bankrupt [Continental], the Legionnaire statement says. 150 Saab tingida. The fee had been set to begin at the start of February, . The failure to plan by the association, the failure to reserve funds, have really put the association in a tough spot.. 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. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. The following is a statement from Lakeside Homeowners At Continental: Continental Country Clubs Financial Challenges Result From Failure to Plan and Confront Obligations. 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 However, even if we cant use amenities, were still required to pay annual lot assessment fees even when unable to use amenities.