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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. I dont golf. Fee: Continental Country Club HOA or Social Membership fee required. All Single-Family homes governed by the CC&Rs are obligated to pay an annual lot assessment. Get Adobe Acrobat Reader free to view these files. 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. The property cannot be abandoned. 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. This includes CC&Rs enforcement on the property, common area maintenance, amenities access and social activities. Under the option, it would deed the Lake Elaine footprint to the lakefront owners and provide them $2.5 million raised from the proposed $2,000 payments so that the Legionnaires can implement a smaller lake or any other solution the Lakefront Group determines is appropriate with the resources available, and thereafter, maintain such improvements as they deem fit with no further contribution from [Continental] or its broader membership., Based on their statement, the reason Continental wants to sever their responsibility for maintaining Lake Elaine has to do with their skepticism that a long-term, sustainable lake is possible. HOA Legal Name: CONTINENTAL COUNTRY CLUB, INC. Reserve funds are used for large projects such as replacements or repairs within the homeowners association. 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 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. The remaining properties consist of Townhomes, Condos and timeshares. This discount allows members & guests to enjoy the lowest rates offered on our rack card. How does the Chapter 11 filing affect me as a Continental Country Club Member? 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. We view this as an action being led by forces out of our control and hope it can be an opportunity to strengthen our Associations financial position for years to come. Situated below Mount Elden in Flagstaff, AZ, the 18-hole championship golf course at Continental Country Club was designed by Bob E. Baldock. Court testimony confirmed what the Class already knew: The Lake holds water and can be fixed. Register for our eClub to receive regular offers and updates from Continental CC! Starting in 2024, associate members would owe an additional $63 for 2024, 2025, and 2026. We have compensated by charging usage fees and not giving golf discounts to those who do not pay the full amount. He is a big sweetheart but a little too rough for my Pygmy Goats. Panda Express is expanding to east Flagstaff. The issues we are dealing with today began 30 years ago and the current board wasnt a part of. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. HOA Fee Includes But some lakefront residents on the other side of the legal battle have a different perspective. 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. junio 12, 2022. jonah bobo 2005 . Becoming a member at Continental Country Club is an investment in yourself, your family and your future. 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. Court reservations required. The Trustee is charged with maximizing distributions to creditors. 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.. Can a trustee remove the restrictions on the use of the golf course to sell it for maximum value? The Continental CC course can host up to 144 golfers at a time with a shot gun start. They want the lake fixed, Bliss said. These properties have individual property management companies who handles their CC&R enforcement and day-to-day operation. 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. There is a one-time special assessment of $2,000. On this point, the Legionnaires agree. 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. 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. 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. Other areas of compromise included an offer to push out the full Lake Elaine repair as long as 10 years, providing additional running room to plan and capitalize for a proper longer-term repair. Zillow has 3 homes for sale in 34785 matching Continental Country Club. A Flagstaff man is behind bars, charged with aggravated DUI and kidnapping. There are many unknowns associated with a conversion to Chapter 7. Homeowners have a duty to pay their annual dues and this holds true even while in a Chapter 11 reorganization. By the end of the year, they expected they could get that number to $125,000. The obligation to pay dues at least at their current level runs with the land. 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. Still, Chapter 7 and the liquidation of assets that would follow are by no means in Continentals interests. It has not been a normal winter in Flagstaff. 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 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. This anomaly resulted in 1994. Subscribe to our Daily Headlines newsletter. The Wyndham Timeshares (125 units) are Full Members of Continental just like all other owners. 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. 2380 N Oakmont Dr You can cancel at any time. It bolstered the property values of homes located on the waterfront and was a gorgeous sight to see. But Bliss also took issue with the HOAs suggestion that the issue over Lake Elaine was the primary cause of the bankruptcy. Mo. 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. There has been much misinformation about the history of Lake Elaine and the ability to maintain lakes in this area. A big vote is underway at Continental Country Club in East Flagstaff. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. The reorganization plan imposes a one-time special assessment of $2,000. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. Membership in Continental is a result of home ownership. In a Chapter 7 does the trustee manage the HOA? 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. https://continentalflagstaff.com/what-if-our-members-dont-approve/. Print Subscribe Was this page helpful? The benefits are endless and your experiences will last a lifetime. 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. 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 hoa fees. Each year, members may elect a new board or move to a professional management association. Thank you to everyone who came out and play, we are looking forward to some exciting changes in-store for next year. Are you looking for a great 55+ retirement community? Without an additional court order, the Trustee steps into the Debtors shoes and inherits any and all land restrictions, encumbrances, etc. 3. 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. 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. This filing allows Continental and its homeowners the chance for a fresh start so we can best address several issues, Held said. What about the special assessment or other fees? 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. Payment $4,996 Price/Sq.Ft. 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. 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 That fee would drop to $500 if the HOA begins refilling the lake and continue until it is full. Based on the HOAs rules, those fees can only be raised by a two-thirds vote by all members. The question is why. If we had hired a professional HOA management team a few years ago, could we have avoided all this? . 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. Flagstaff, Feb. 12, 2021 - Continental Country Club is a great place to live and provides many amenities for the broader community. application fee details: $55 app fee online at our website bishoprealtygrp. How do timeshares fit into the funding picture? 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. {{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, Investigation underway after body found near Sunset Crater National Monument, Flagstaff schools planning to make up instructional time after this winter's snow days, 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, Global race is on to improve EV range in the cold, 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. 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. 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. Lease Details & Fees Details Property Information 78 units/1 story Location 445 Orange Ave , Chula Vista , CA 91911 Get Directions This Property Available Property You can cancel at any time. Flyer Link. Meeste parka Helly Hansen Continental XL UUS. 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. To him, the results of this 2020 study were disturbing.. There was a problem saving your notification. Continental Country Club Listings. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! Continental Country Club has 2,395 owners. The funds usually have strict criteria for how they are to be used. Reorganization comes after decades of the Association kicking the can down the road. 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 Raising dues and increasing assessments is an important step to funding the reserves, Cohen's statement said. 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. 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. Now, the association is asking homeowners to vote to approve two items a one-time fee and an increase in annual dues. 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. If you are looking for our main website, click here. One that was, you know, competent., Financial mismanagement reaches further back than the 2020 study, said resident John Nilsson. That resulted in two levels. The restrictions contained in a declaration are covenants that run with the land and cannot be terminated by the owner. This one-acre park, opened in 2013, includes a playground with a swing set and a picnic table. Even more, we do all the work of the Deed Restriction for you! 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. Can I see a Reserve Study Summary of expenditures broken out by amenity? 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. 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. The Ferraro Groups contract and the previous Cindy May Marketing contract are for the same amount. What are we voting on, what is the timeline/details? 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. Copyright 2023 Continental Country Club FL All Rights Reserved. 150 Saab tingida. Round Table Discussions will be held on every, We will also be having Town Hall Meetings for everyone who is interested in attending. 219 4. 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. 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. Why did the Board decide to take this step now? Search And Rescue Crews Tended To An Injured Hiker On Mt. The community is gated, includes 24/7 security and even allows pets. 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. And its free! What is the process required to divest the HOA of Lake Elaine? In the mean time the proshop will still be open Tuesday- Saturday 9am-4pm. The Continental Country Club in Flagstaff is bankrupt. This included signage, team captain materials and t-shirts. Home to one of the best-rated public golf courses in Flagstaff, AZ. Flagstaff City Championship Flyer Continental Country Club mostly features cozy homes that are very reasonably priced. The first payment would be due the same day as the due date for the special assessment. The money for the signs was donated. 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. Voting to approve these additional funds ends July 28. If we convert to Chapter 7, the HOA cannot be sued by Lake Elaine property owners or any other entity. 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 Is it possible to leave the HOA so we're not part of it? 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 costs are too much of a burden for members on a fixed income? Sign up for our newsletter to keep reading. 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. 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. Continental Country Club Powered by GolfNow.com Book a Tee Time Satellite Layout Tees Track Rounds Scorecard Course Details Year Built 1972 Golf Season Year round Architect Ron Garl (1972) Rentals/Services Carts Yes - included in green fees Clubs Yes Practice/Instruction Driving Range Yes Golf School Academy Yes - "Stephen Wresh Golf Academy" A filing for Bankruptcy can take many forms, including a Chapter 11 Reorganization. No true repairs have been made to the Lake since 1994. The failure to plan by the association, the failure to reserve funds, have really put the association in a tough spot.. 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. The association has said that any lake repair would cost millions of dollars. Log in, Continental Country Club HOA in Flagstaff, AZ, Forest Highlands Golf Club HOA in Flagstaff, AZ, Railroad Springs Townhomes HOA in Flagstaff, AZ. They pay the full membership dues and receive the same benefits. 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. Who owns the property Lake Elaine is on and who is responsible for its redevelopment and construction? Example turn the golf course into single-family homes. Ensure continued use of our club amenities and environment. 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. These homeowners - the "Class" - believe that the Association has options to address its financial challenges. The Villages, FL 32162 Directions. . to fines, and Continental Country Club HOA reserves the right to require restoration of the property to its prior condition. Why dont we just sell the golf course to eliminate the large expense of deferred and ongoing maintenance? You know, we think a partial repair could have been done for as little as $600,000, said attorney Jason Bliss with the office of Aspey Watkins and Diesel, who is representing the homeowners. We are located on St Rte 44 just 2.5 miles east of Brownwood 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. Is it possible to leave the HOA so we're not part of it? Why are there currently some members paying different assessment rates? These homeowners are known as Associate members. 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. Our main desire is for members and guests, alike, to have a memorable golfing experience. The lake level has been falling because water is seeping out despite previous attempts to seal the lake bottom. Continental has known about its financial challenges for years, even decades, but neglected to plan for or properly address them. The Continental Country Club course is filled with par 3s and par 5s, offers beautiful mountain views and a friendly, neighborhood environment. 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. 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? https://continentalflagstaff.com/motion-to-reject-1990-agreement-granted/. There are constant ongoing repairs and improvements required for these assets that must be addressed. Were empathetic to those on fixed incomes, and offer payment plans to ease burdens. Some of that is the result of limitations on the Associations revenues and on its ability to raise dues or impose special assessments. If the Assessment and dues increase fails, and the HOA converts to Chapter 7, will the Lake Elaine lawsuit continue? Now, the HOA faces bankruptcy if it can't come up with $2.5 million. 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 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.