What about the special assessment or other fees? The special assessment can be paid over two years with eight (8) quarterly payments of $261 (which includes 5% interest). ", 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. Is there a Special Assessment Payment Plan? 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. If I havent yet paid my annual dues, will they still have to be paid? The Board approved a two-tier membership now known as Associate and Full Membership to account for the difference in assessment levels. A Flagstaff man is behind bars, charged with aggravated DUI and kidnapping. What is the process required to divest the HOA of Lake Elaine? 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. That's not true. 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. The Board President of the Homeowners Association of Continental Country Club in Flagstaff, . There are approximately 1,360 single-family homes (in addition to 1,030 townhouses, condos, and timeshares) within the Continental Country Club Homeowners Association. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. Will there be an increase to my annual assessment? 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 More information on the voting process for residents of the neighborhood can be found at continentalflagstaff.com/the-voting-process-on-the-two-fees/. Will there be a special assessment to help cover some of the debts? 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 association has said that any lake repair would cost millions of dollars. A 1991 class action lawsuit ruling stated the lake must remain full. It is not clear how the bankruptcy might impact the Lake Elaine issue, but Bliss said it could lead to a situation where the HOA is able to eliminate the lake but pay the surrounding homeowners for the reduced value of their homes. At the time, it was an asset to the HOA. 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. Continental has known about its financial challenges for years, even decades, but neglected to plan for or properly address them. These homeowners are known as Associate members. By the end of the year, they expected they could get that number to $125,000. The Trustee is charged with maximizing distributions to creditors. 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. But some lakefront residents on the other side of the legal battle have a different perspective. 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. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! Our members are what makes the social membership so special. They want the lake fixed, Bliss said. 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! So, we either pay the known $2.5 million now, or pay more later up to the $15 million? 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. The restrictions contained in a declaration are covenants that run with the land and cannot be terminated by the owner. The question is why. Get up-to-the-minute news sent straight to your device. Why are there currently some members paying different assessment rates? There were several additions made in the 1970s. 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. The Course is open to homeowners and timeshare owners residing within subdivisions of Continental Country Club's Homeowners Association. Subscribe to our Daily Headlines newsletter. 50 Continental Blvd. Court testimony confirmed what the Class already knew: The Lake holds water and can be fixed. This option would release the Association from, Option #2 would be to spend that $2.5 million and create the new amenity. 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.. 2380 N Oakmont Dr They might dispute the proper way to move forward with Lake Elaine, but they appear to agree that voting to approve the special assessment is necessary to help Continental emerge from bankruptcy. Helly Hansen Active Winter sulejope UUS! Held says the work would take time and millions of dollars. Are you looking for a great restaurant? 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. Is it possible to leave the HOA so we're not part of it? {{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. I dont golf. Here are the top City of Flagstaff stories from 2022. Joining the Continental Country Club HOA is the easiest way to protect your property's value! Becoming a member at Continental Country Club is an investment in yourself, your family and your future. But, in the 1990s, disaster struck. 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. A big vote is underway at Continental Country Club in East Flagstaff. 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. 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 many types of townhomes available from $300,000 - $500,000. 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. Were empathetic to those on fixed incomes, and offer payment plans to ease burdens. The Continental Country Club in Flagstaff is bankrupt. 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! That fee would drop to $500 if the HOA begins refilling the lake, and continue until it is full. 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. For the most part, most of our Members should not be affected by this petition. The remaining properties consist of Townhomes, Condos and timeshares. The filing for Chapter 11 reorganization stays those fines. *Country Club Homeowners: This amount is for quarterly dues only and is separate from mandatory social membership dues. There was a problem saving your notification. Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. So long as CCC owns the property, at a minimum, it will remain liable for public safety/nuisance issues and dam maintenance obligations with the State of Arizona. Are the fines associated with the October 2020 preliminary ruling being assessed currently? 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 The Continental Country Club constructed Lake Elaine back in the 1970s. There are many unknowns under Chapter 7, which could include part or all of the current $15M bankruptcy claim from the lakefront owners and loss of amenities while still paying for them. 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. If the home is not associated with the Homeowners Association youre invited to deed restrict the property with CCC and become part of the Club! 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.. 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. Chapter 11 Reorganization | FAQ | Communication with Members | Court Motions & Hearings | Media Announcements. Held says the bankruptcy wont close the golf course or force any layoffs and daily operations will go on as normal. Continental Country Club filed a Chapter 11 Petition for Bankruptcy Protection on Tuesday, February 9th, 2021 in the U.S. Bankruptcy Court in the District of Arizona. 150 Saab tingida. Now, the association is asking homeowners to vote to approve two items a one-time fee and an increase in annual dues. 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. Flyer Link. Instead it has chosen to walk away from its obligations through bankruptcy reorganization, creating a stigma impacting more than 2,500 Association members. In a statement to the Arizona Daily Sun, Continental attorney Scott Cohen said, While Continental certainly has obligations other than the Lakefront Group, such as addressing its appropriate capital reserves to ensure proper maintenance of its amenities and common areas, this was not the primary cause for the bankruptcy filing.. 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. Continental Golf Course Is CLOSED for the Season! Staffed with talented and devoted professionals, Continental Country Club is among the area's best-rated public courses. Will all country club members be allowed on the new redeveloped lake? application fee details: $55 app fee online at our website bishoprealtygrp. 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. 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. That resulted in two levels. The availability of these amenities, whether used or not, makes CCC a desirable neighborhood and increases property values. Continental Country Club is a neighborhood in Wildwood, Florida. Continental Country Club home prices vary from luxury homes to more affordable homes that might be perfect for first-time buyers. These homeowners the Class believe that the Association has options to address its financial challenges. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. 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 trustee is appointed to liquidate and pay, not operate. How much are you paying for these signs Im seeing, and this PR firm? 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. What happens if we vote NO (DO NOT APPROVE) or dont meet the quorum requirement after two tries? Quite honestly, I can't imagine a professional management company letting this happen. Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. https://continentalflagstaff.com/motion-to-reject-1990-agreement-granted/. How do timeshares fit into the funding picture? The Lake Elaine lawsuit was based on a 1990 Amended Judgement and Settlement that was rejected by the bankruptcy court earlier this year. Who owns the property Lake Elaine is on and who is responsible for its redevelopment and construction? Once that happens, and at the approval of the homeowners, selling the golf course is something that can be discussed. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! Email notifications are only sent once a day, and only if there are new matching items. These membership tiers are subdivision specific. 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 Fee: Continental Country Club HOA or Social Membership fee required. Buying a new home in the Continental area? An HOA faces bankruptcy because of its man-made lake. 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. 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. 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. The first payment would be due the same day as the due date for the special assessment. 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? At Continental, you are more than a member; you are part of the family. 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. There are constant ongoing repairs and improvements required for these assets that must be addressed. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. 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. 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 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. Learn More on our tournaments page. Raising dues and increasing assessments is an important step to funding the reserves, Cohen's statement said. They pay the full membership dues and receive the same benefits. CCC also had a balloon payment due in October, for $600,000. Background: How did we get in this situation regarding Lake Elaine and the Bankruptcy? 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 What happens if 2 YES (APPROVE) for Special Assessment and Annual Dues Increase? Do all members of the HOA get to vote for the new HOA Dues and Special Assessment? Get Adobe Acrobat Reader free to view these files. Board Members for Continental Country Club Ro: Title Name Mailing Address Location; Dire . Please subscribe to keep reading. Continental Country Club HOA is a community located in Chula Vista, CA (San Diego County).
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continental country club hoa fees