Then, you've come to the right place. 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. 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. 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. If you are looking for our main website, click here. Email notifications are only sent once a day, and only if there are new matching items. Please subscribe to keep reading. Flagstaff, Feb. 12, 2021 Continental Country Club is a great place to live and provides many amenities for the broader community. Is there money set aside for the management of the HOA & enforcement of CC&Rs? 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. There are approximately 1,360 single-family homes (in addition to 1,030 townhouses, condos, and timeshares) within the Continental Country Club Homeowners Association. 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. Why are there currently some members paying different assessment rates? Even more, we do all the work of the Deed Restriction for you! Continental Country Club home prices vary from luxury homes to more affordable homes that might be perfect for first-time buyers. One thing to remember, you will be required to pay additional Home Owner . Get up-to-the-minute news sent straight to your device. This discount allows members & guests to enjoy the lowest rates offered on our rack card. The Continental CC course can host up to 144 golfers at a time with a shot gun start. Thank you to everyone who came out and play, we are looking forward to some exciting changes in-store for next year. An automatic stay is a provision in the bankruptcy law that temporarily prevents creditors, collections agencies, government entities, and individuals from pursuing Continental for amounts owed. Joining the Continental Country Club HOA is the easiest way to protect your propertys value! However, the CC&Rs needed to be combined with the assessments at the amounts approved by each individual subdivision at that time. 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. First used to store water for the golf course, Lake Elaine is now only aesthetic, but has been leaking water for decades. You have permission to edit this article. The Trustee is charged with maximizing distributions to creditors. Can a trustee remove the restrictions on the use of the golf course to sell it for maximum value? That's not what any of our folks want. The Course is open to homeowners and timeshare owners residing within subdivisions of Continental Country Club's Homeowners Association. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. 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. Can we just abandon the property? 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. Raising dues and increasing assessments is an important step to funding the reserves, Cohen's statement said. The Lake Elaine lawsuit was based on a 1990 Amended Judgement and Settlement that was rejected by the bankruptcy court earlier this year. If the Assessment and dues increase fails, and the HOA converts to Chapter 7, will the Lake Elaine lawsuit continue? 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.. *Country Club Homeowners: This amount is for quarterly dues only and is separate from mandatory social membership dues. 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 . https://continentalflagstaff.com/fee-schedule-to-support-the-reorganization-plan/. There are many unknowns associated with a conversion to Chapter 7. Flagstaff City Championship Flyer 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. 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. Bronson Creek feeds into a wetland on the east side of the park; a paved trail provides access to the wetland. Why did the Board decide to take this step now? Helly Hansen Active Winter sulejope UUS! If we pay the $2.5M now, were done forever, other than ongoing maintenance of the small ponds, according to Judge Ballinger. In a Chapter 7 does the HOA remain in place? Court testimony confirmed what the Class already knew: The Lake holds water and can be fixed. It is not true that the Lakeside Homeowners want to bankrupt [Continental], the Legionnaire statement says. 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. These properties have individual property management companies who handles their CC&R enforcement and day-to-day operation. If we convert to Chapter 7, the HOA cannot be sued by Lake Elaine property owners or any other entity. We are located on St Rte 44 just 2.5 miles east of Brownwood The issues we are dealing with today began 30 years ago and the current board wasnt a part of. Continental County Club has filed for Chapter 11 bankruptcy protection, but daily operations wont change. Round Table Discussions will be held on every, We will also be having Town Hall Meetings for everyone who is interested in attending. 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. For every four gallons of water that is pumped into the lake each day, three gallons are lost to seepage into the ground. We also have aging facilities that require upkeep with an insignificant amount of reserves. Its those reasons why the Club went into Chapter 11 bankruptcy in February of 2021. HOA Legal Name: CONTINENTAL COUNTRY CLUB, INC. Reserve funds are used for large projects such as replacements or repairs within the homeowners association. Continental Golf Course Is CLOSED for the Season! That fee would drop to $500 if the HOA begins refilling the lake, and continue until it is full. Will there be an increase to my annual assessment? Please subscribe to keep reading. What date did this filing for Chapter 11 Reorganization take effect? There are constant ongoing repairs and improvements required for these assets that must be addressed. 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. Here are the top City of Flagstaff stories from 2022. 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. 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. The special assessment can be paid over two years with eight (8) quarterly payments of $261 (which includes 5% interest). In 2017, residents came back and asked the court to hold the HOA in contempt for not following through on its mandate to keep the lake full. Continental Country Club. President - The president of the Board presides at all meetings of the Board of Directors. 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. The CC&Rs govern 1,210 single family homes. 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. Two yeses mean $2.5M goes to either Option 1 or 2 as determined by creditors. Back then, the increase had to be approved in each single-family subdivision. A July 14 article for the Arizona Daily Sun explored the issue through testimony from management of the country. 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. . Continental Country Club Who are the members of CCC? This community dates back to 1975 and has continued to develop over the years. Example turn the golf course into single-family homes. Reach him at sgolightly@azdailysun.com, on Twitter at @sean_golightly, or on Instagram at @golightly_writes. 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.. Will all country club members be allowed on the new redeveloped lake? (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). 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. How much are you paying for these signs Im seeing, and this PR firm? Flagstaff, Feb. 12, 2021 - Continental Country Club is a great place to live and provides many amenities for the broader community. In a media release, the HOA board seemed to attribute most of their problems to recent legal action over Lake Elaine, a man-made lake within the country club that has been the center of controversy for years. and review fee to: Continental Country Club Architectural Control Committee 2380 N. Oakmont Dr. Flagstaff, AZ 86004 Front Rear Sides Lakeside Acres I 25 25 1) 25 Lakeside Acres II & III 20 20 10 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. Subscribe to our Daily Headlines newsletter. That would be within the discretion of the trustee. 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. What is the process required to divest the HOA of Lake Elaine? Fixing the lake to accommodate the mandated water level would require extensive work including repairs to the dam, repairs to the liner between the 6,835 and 6,845 levels or the possible replacement of the entire liner, and sinkhole repairs. Panda Express is expanding to east Flagstaff. Sign up for our newsletter to keep reading. 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. Dues increases and/or special assessment would have been necessary even if a professional management company was involved. 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. 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 January newsletter provided to homeowners did reference that bankruptcy was an option that was being considered. 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.. In short, Continentals answer was that the prohibitive cost of maintenance and legal battles over their failure to maintain the leaky man-made Lake Elaine was insurmountable. 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. 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. Jon Held, the president of the associations board of directors, said the filing will not impact day-to-day operations of the country club, including the public golf course and the Oakmont Restaurant, and won't mean any layoffs. After the October 30th preliminary ruling, the board studied and reviewed all possibilities, along with speaking with several professionals and our attorneys. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. A future owner of your home may find golf or the other amenities appealing. 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. 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. Continental Country Club is a neighborhood in Wildwood, Florida. to fines, and Continental Country Club HOA reserves the right to require restoration of the property to its prior condition. Contrary to the Associations statements, a partial repair would cost nowhere near the millions of dollars suggested by the Association. The funds usually have strict criteria for how they are to be used. Beyond the potential Lake Elaine obligations, we have a 50-year-old building, and numerous amenities. 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. 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. One that was, you know, competent., Financial mismanagement reaches further back than the 2020 study, said resident John Nilsson. Background: How did we get in this situation regarding Lake Elaine and the Bankruptcy? They want the lake fixed, Bliss said. An HOA faces bankruptcy because of its man-made lake. . In the mean time the proshop will still be open Tuesday- Saturday 9am-4pm. The fee had been set to begin at the start of February, but due to the bankruptcy, it has been put on hold. At Continental, you are more than a member; you are part of the family. How do timeshares fit into the funding picture? A 1991 class action lawsuit ruling stated the lake must remain full. application fee details: $55 app fee online at our website bishoprealtygrp. Property Type Single Family Residential HOA Dues $46/month Year Built 1985 Community Continental Cntry Clb Lot Size 0.29 Acres MLS# 192424 Price Insights List Price $849,900 Est. Log in, Continental Country Club HOA Chula Vista, CA, Alicante at San Miguel Ranch HOA Chula Vista, CA. But, in the 1990s, disaster struck. This included signage, team captain materials and t-shirts. Starting in 2024, associate members would owe an additional $63 for 2024, 2025, and 2026. Staffed with talented and devoted professionals, Continental Country Club is among the area's best-rated public courses. The Continental Country Club in Flagstaff is bankrupt. 3. There are a lot of different options when it comes to housing in Continental Country Club. Reserve your next round of golf with our quick and convenient online booking engine. 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. 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 Flyer Link. This includes CC&Rs enforcement on the property, common area maintenance, amenities access and social activities. Make sure there is an adequate amount in the reserves in case of major problems such as: roof repairs, asphalt repairs, pool issues and/or property defects. The question is why. With some of the lowest homeowner fees in the state less than $46 a month along with a golf course, driving range, clubhouse and other amenities the Association has the ability to generate greater revenues to pay for its obligations and update aging facilities. These homeowners are known as Associate members. The reorganization plan imposes a one-time special assessment of $2,000. Log in, Continental Country Club HOA in Flagstaff, AZ, Forest Highlands Golf Club HOA in Flagstaff, AZ, Railroad Springs Townhomes HOA in Flagstaff, AZ. All Single-Family homes governed by the CC&Rs are obligated to pay an annual lot assessment. 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. In some cases, these problems predate the current board by years, if not decades. 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. We have developed such a plan and are confident that if our members approve the two fees to support it, we will take a big step towards a better future for our Association, https://continentalflagstaff.com/things-to-know-the-continental-country-club-reserve-study/. We have the receipts. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! . Tract D (Lake Elaine) is currently owned by the Association. Get up-to-the-minute news sent straight to your device. 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. The Continental Country Club course is filled with par 3s and par 5s, offers beautiful mountain views and a friendly, neighborhood environment. This included an offer to complete a partial top-down repair to buy more time. Reorganization comes after decades of the Association kicking the can down the road. You have permission to edit this article. Yes, there is nothing inherent in Chapter 7 that dissolves the HOA. There are many types of townhomes available from $300,000 - $500,000. Why am I paying for amenities I dont use? He said the HOA has several other significant expenses and issues that have prevented it from properly facing those issues. There is a one-time special assessment of $2,000. Continental Country Club HOA is a community located in Chula Vista, CA (San Diego County). It was approved in some subdivisions, but not in others, as some subdivisions expressed strong discontent with increasing the assessment because they did not see value in the use of amenities. And its free! Contact ClubCorp for social membership dues questions: 623-742-6200 Download homeowners online payment guide. More information on the voting process for residents of the neighborhood can be found at continentalflagstaff.com/the-voting-process-on-the-two-fees/. Is it possible to leave the HOA so we're not part of it? 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. 219 4. Sean Golightly reports on the environment and the city of Flagstaff. 2380 N Oakmont Dr That fee would drop to $500 if the HOA begins refilling the lake and continue until it is full. The original clubhouse was built in 1960. You can cancel at any time. Professional management associations still report to a board of directors which makes final decisions. We will keep our facilities open and our employees will be working to ensure business as usual. There has been much misinformation about the history of Lake Elaine and the ability to maintain lakes in this area. What are we voting on, what is the timeline/details? If APPROVED and Option A is selected, then the property will be deeded to the Lake Elaine owners. A big vote is underway at Continental Country Club in East Flagstaff. 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. It bolstered the property values of homes located on the waterfront and was a gorgeous sight to see. Then starting in 2024, full members would owe an additional $97 for 2024, 2025 and 2026. How does the Chapter 11 filing affect me as a Continental Country Club Member? If Option B is selected, the redesign will be the Associations responsibility. 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.