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If APPROVED and Option A is selected, then the property will be deeded to the Lake Elaine owners. For the good of our residents and those who enjoy our facilities, it was time to take action.. Much of these claims of mismanagement are founded on an October 2020 Reserve Study of Continentals reserve fund to evaluate how it would maintain reserves above an adequate, not excessive threshold during one or more years of significant expenditures.. 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 plan gives the LFOs the option of taking ownership and responsibility for the property going forward and relieving CCC of all future liabilities in exchange for a onetime payment by CCC to the homeowners of $2.5 million. . 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. Still, Chapter 7 and the liquidation of assets that would follow are by no means in Continentals interests. You have permission to edit this article. When will we know about the timing and amount of any assessments that will be needed? This includes CC&Rs enforcement on the property, common area maintenance, amenities access and social activities. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). https://continentalflagstaff.com/what-if-our-members-dont-approve/. Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. Fee: Continental Country Club HOA or Social Membership fee required. 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 This anomaly resulted in 1994. What date did this filing for Chapter 11 Reorganization take effect? Held says the bankruptcy wont close the golf course or force any layoffs and daily operations will go on as normal. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. Beyond the potential Lake Elaine obligations, we have a 50-year-old building, and numerous amenities. 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. Continental Country Club home prices vary from luxury homes to more affordable homes that might be perfect for first-time buyers. We will keep our facilities open and our employees will be working to ensure business as usual. The question is why. By 2026, the annual dues increase will be $291. 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. 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. 150 Saab tingida. Our clubhouse is over 50 years old and the other amenities require maintenance and repair. They are down to earth, fun-loving people that enjoy spending time together laughing over great food and refreshing drinks. Why am I paying for amenities I dont use? 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 Ferraro Groups contract and the previous Cindy May Marketing contract are for the same amount. Subscribe to our Daily Headlines newsletter. The money for the signs was donated. This area is served by the Sweetwater Union High attendance zone. If the Assessment and dues increase fails, and the HOA converts to Chapter 7, will the Lake Elaine lawsuit continue? He is a big sweetheart but a little too rough for my Pygmy Goats. 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. Is there money set aside for the management of the HOA & enforcement of CC&Rs? Yes, there is nothing inherent in Chapter 7 that dissolves the HOA. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! We do not currently expect the LFOs to elect Option A. 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. Four Star Homes has Properties in Adult, Family, and Senior Communities throughout Central Florida. If I haven't yet paid my annual dues, will they still have to be paid? By 2026, the annual dues increase will be $189. There was a problem saving your notification. Reorganization comes after decades of the Association kicking the can down the road. 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. 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. Contrary to the Associations statements, a partial repair would cost nowhere near the millions of dollars suggested by the Association. 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. 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. We have the receipts. Even more, we do all the work of the Deed Restriction for you! 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. to fines, and Continental Country Club HOA reserves the right to require restoration of the property to its prior condition. 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. 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. 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. 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. Raising dues and increasing assessments is an important step to funding the reserves, Cohen's statement said. 50 Continental Blvd. The benefits are endless and your experiences will last a lifetime. 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 Continental Country Club Who are the members of CCC? 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. . 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! We also have aging facilities that require upkeep with an insignificant amount of reserves. At the time of the study, Continentals reserve balance was $54,291. Copyright 2023 Continental Country Club FL All Rights Reserved. Give Us A Call: 1-888-452-6595. 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. Here are the top City of Flagstaff stories from 2022. The Class also estimates this temporary solution could be completed quickly in months, not years. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. The fee had been set to begin at the start of February, . 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. The Associations responsibility to maintain Lake Elaine has been well established for decades based on a 1990 court-ordered Judgment that the Coconino County Superior Court upheld in October of 2020 following nearly four years of litigation, including multiple attempts at mediation and a weeklong hearing. https://continentalflagstaff.com/motion-to-reject-1990-agreement-granted/. The remaining properties consist of Townhomes, Condos and timeshares. 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. In the mean time the proshop will still be open Tuesday- Saturday 9am-4pm. The property cannot be abandoned. 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. 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. CCC also had a balloon payment due in October, for $600,000. Panda Express is expanding to east Flagstaff. 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. They don't want to claim for damages. Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. 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. The issues we are dealing with today began 30 years ago and the current board wasnt a part of. HOA Fee Includes That's not true. What happens if we vote NO (DO NOT APPROVE) or dont meet the quorum requirement after two tries? 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. It bolstered the property values of homes located on the waterfront and was a gorgeous sight to see. More information on the voting process for residents of the neighborhood can be found at continentalflagstaff.com/the-voting-process-on-the-two-fees/. What is the difference between Chapter 11 Reorganization and Bankruptcy? 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. Professional management associations still report to a board of directors which makes final decisions. The funds usually have strict criteria for how they are to be used. There are a lot of different options when it comes to housing in Continental Country Club. At Continental, you are more than a member; you are part of the family. HOA Legal Name: CONTINENTAL COUNTRY CLUB R.O., INC. The . He said the HOA has several other significant expenses and issues that have prevented it from properly facing those issues. Reserve your next round of golf with our quick and convenient online booking engine. These homeowners the Class believe that the Association has options to address its financial challenges. The Wyndham Timeshares (125 units) are Full Members of Continental just like all other owners. The Continental Country Club constructed Lake Elaine back in the 1970s. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. Continental Country Clubs HOA files for Chapter 11 bankruptcy. Can we just abandon the property? 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 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. A member may cease paying in protest, but the trustee will ultimately have the same rights CCC currently has to enforce and compel payment ultimately filing a lien on the property and foreclosing. While the pending contempt order and associated fines were the catalyst for this action, there were also underlying considerations including an October 21 obligation to pay a $600,000 balloon payment incurred when funds were borrowed to install a new golf course irrigation system in October 2011. 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. (link to message). In a Chapter 7 does the HOA remain in place? 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! An HOA faces bankruptcy because of its man-made lake. They pay the full membership dues and receive the same benefits. 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. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. Great Circle Media serves Flagstaff, Prescott, Sedona, and the surrounding areas with Northern Arizonas Best Radio Stations! Payment $4,996 Price/Sq.Ft. Some of that is the result of limitations on the Associations revenues and on its ability to raise dues or impose special assessments. If Option B is selected, the redesign will be the Associations responsibility. The fee had been set to begin at the start of February, but due to the bankruptcy, it has been put on hold. HOA Documents Articles of Incorporation CC&Rs Bylaws Membership Policies A July 14 article for the Arizona Daily Sun explored the issue through testimony from management of the country. These homeowners are known as Associate members. We have compensated by charging usage fees and not giving golf discounts to those who do not pay the full amount. Is it possible to leave the HOA so we're not part of it? There were several additions made in the 1970s. Sign up for our newsletter to keep reading. Main: (928) 526-5125Oakmont: (928) 526-7990Golf Shop: (928) 527-7997Bear Paw: (928) 522-1588, 2023 CONTINENTAL COUNTRY CLUB ALL RIGHTS RESERVED. Quick Facts Getting Around Continental Country Club Continental Country Club Learn more about this neighborhood. 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. Bronson Creek feeds into a wetland on the east side of the park; a paved trail provides access to the wetland. 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. 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. Subscribe to our Daily Headlines newsletter. 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. When were the clubhouse and clubhouse pool built? The hoa policies can change with time for Continental Country Club so if you see an error please contact us so we can fix it. President - The president of the Board presides at all meetings of the Board of Directors. 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. 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. Print Subscribe Was this page helpful? A future owner of your home may find golf or the other amenities appealing. A big vote is underway at Continental Country Club in East Flagstaff. Continental Golf Course Is CLOSED for the Season! She says, option one is deeding the property over to the Lake Elaine Homeowners and giving a lump sum payout of $2.5-million for them to be able to do an improvement on the lake as to what they would like, or option two is taking the $2.5-million and us creating a new amenity, which has four-to-five ponds, walking trails and benches which is open to all of the homeowners. Absentee ballots are due at the clubhouse by Thursday at 5 p.m., or residents can vote in person Saturday morning at 9 a.m. at Sinagua Middle School, where the vote count will take place. HOA Legal Name: CONTINENTAL COUNTRY CLUB, INC. Reserve funds are used for large projects such as replacements or repairs within the homeowners association. 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. 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? 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.