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. Are our property assessments used for this? Deeper into Lake Elaine: Residents contend lake is not to blame for country clubs bankruptcy. And its free! These membership tiers are subdivision specific. 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" 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. We do not currently expect the LFOs to elect Option A. By 2026, the annual dues increase will be $189. For the good of our residents and those who enjoy our facilities, it was time to take action.. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. The owners of these properties are also obligated to pay annual assessments to CCC based on their respective CC&Rs. 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. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. 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 If we dont reach quorum on special assessment, then we can go out a second time on special assessment but must have 30% quorum (participation) that round and of that, 2/3 must vote Yes. That fee would drop to $500 if the HOA begins refilling the lake, and continue until it is full. 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. He is a big sweetheart but a little too rough for my Pygmy Goats. 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 funds usually have strict criteria for how they are to be used. What is the difference between Chapter 11 Reorganization and Bankruptcy? Our members are what makes the social membership so special. Give Us A Call: 1-888-452-6595. The Continental Country Club course is filled with par 3s and par 5s, offers beautiful mountain views and a friendly, neighborhood environment. Quite honestly, I can't imagine a professional management company letting this happen. (link to message). Raising dues and increasing assessments is an important step to funding the reserves, Cohen's statement said. 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. 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. Get Adobe Acrobat Reader free to view these files. 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. The failure to plan by the association, the failure to reserve funds, have really put the association in a tough spot.. Homeowners have a duty to pay their annual dues and this holds true even while in a Chapter 11 reorganization. If Option B is selected, the redesign will be the Associations responsibility. 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. This includes CC&Rs enforcement on the property, common area maintenance, amenities access and social activities. Will there be a special assessment to help cover some of the debts? Sean Golightly reports on the environment and the city of Flagstaff. Subscribe to our Daily Headlines newsletter. What date did this filing for Chapter 11 Reorganization take effect? 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. Now, it has turned to owners for funding. The Continental CC course can host up to 144 golfers at a time with a shot gun start. Continental Country Club is a neighborhood in Wildwood, Florida. 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. Main: (928) 526-5125Oakmont: (928) 526-7990Golf Shop: (928) 527-7997Bear Paw: (928) 522-1588, 2023 CONTINENTAL COUNTRY CLUB ALL RIGHTS RESERVED. 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. These homeowners the Class believe that the Association has options to address its financial challenges. How will this affect the value of my home? Bliss said the HOA also has lots of deferred maintenance fees, while also having some of the lowest member fees in the state. 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. The special assessment will go into effect immediately and the annual dues increase, phased over three years, is estimated to begin in 2024. https://continentalflagstaff.com/planning-for-a-special-assessment-of-2000/, As the CC&Rs are currently written, townhome and condos have the right to vote on special assessments and on annual assessment increases of over 20%. The costs are too much of a burden for members on a fixed income? Were voting for a smaller cost now ($2,000 to cover the $2.5M), to protect ourselves from possible larger costs later, unending litigation and the $15 million claim of the LFOs that could not be addressed any other way outside of bankruptcy, to protect our amenities and eradicate Lake Elaine issues. If we convert to Chapter 7, the HOA cannot be sued by Lake Elaine property owners or any other entity. . There are condominiums, big and small, that you can purchase in the $180,000 - $300,000 price range. A 1991 class action lawsuit ruling stated the lake must remain full. But for Continental to do any of this, theyll need money, and they dont deny that they need money for more than just Lake Elaine. Full members will pay $550 annually, Associate members will pay $365 annually, Likely negative impact on property values, $15 Million Lake Elaine dispute unresolved, unknown outcome of the Lake land. Even more, we do all the work of the Deed Restriction for you! Bronson Creek feeds into a wetland on the east side of the park; a paved trail provides access to the wetland. The Continental Country Club constructed Lake Elaine back in the 1970s. Now, the association is asking homeowners to vote to approve two items a one-time fee and an increase in annual dues. Subscribe to our Daily Headlines newsletter. The question is why. 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. CCC also had a balloon payment due in October, for $600,000. A July 14 article for the Arizona Daily Sun explored the issue through testimony from management of the country. 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. 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. Joining the Continental Country Club HOA is the easiest way to protect your propertys value! Not currently but we hope that our members will approve the two fees required to support the reorganization plan that will provide our HOA with a healthier and stronger future. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. Continental Country Club Listings. 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. Continental Country Club HOA is a community located in Chula Vista, CA (San Diego County). 219 4. The Kroger Co. Home to one of the best-rated public golf courses in Flagstaff, AZ. 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.. Register for our eClub to receive regular offers and updates from Continental CC! The filing for Chapter 11 reorganization stays those fines. This area is served by the Sweetwater Union High attendance zone. An HOA faces bankruptcy because of its man-made lake. 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.. This discount allows members & guests to enjoy the lowest rates offered on our rack card. {{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. If we pay the $2.5M now, were done forever, other than ongoing maintenance of the small ponds, according to Judge Ballinger. Schedule: No open play during the off-season (Nov-Apr). $273 Buyer's Agent Commission 2.5% Street View Directions Ask Redfin Agent Cody a Question Cody Bauer Flagstaff Redfin Agent You can cancel at any time. Learn More on our tournaments page. The availability of these amenities, whether used or not, makes CCC a desirable neighborhood and increases property values. There was a problem saving your notification. Why are there currently some members paying different assessment rates? A filing for Bankruptcy can take many forms, including a Chapter 11 Reorganization. For the most part, most of our Members should not be affected by this petition. Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. 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.. 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. to fines, and Continental Country Club HOA reserves the right to require restoration of the property to its prior condition. Starting in 2024, associate members would owe an additional $63 for 2024, 2025, and 2026. The Villages, FL 32162 Directions. At the time, it was an asset to the HOA. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). Please subscribe to keep reading. In some cases, these problems predate the current board by years, if not decades. Do all members of the HOA get to vote for the new HOA Dues and Special Assessment? HOA Legal Name: CONTINENTAL COUNTRY CLUB R.O., INC. 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 Can I see a Reserve Study Summary of expenditures broken out by amenity? The CC&Rs govern 1,210 single family homes. 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. Log in, Continental Country Club HOA in Flagstaff, AZ, Forest Highlands Golf Club HOA in Flagstaff, AZ, Railroad Springs Townhomes HOA in Flagstaff, AZ. The money for the signs was donated. The January newsletter provided to homeowners did reference that bankruptcy was an option that was being considered. Continental Country Club - 78 Spaces is an apartment community located in San Diego County and the 91911 ZIP Code. If you are looking for our main website, click here. Round Table Discussions will be held on every, We will also be having Town Hall Meetings for everyone who is interested in attending. There are approximately 1,360 single-family homes (in addition to 1,030 townhouses, condos, and timeshares) within the Continental Country Club Homeowners Association. 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. Beyond the potential Lake Elaine obligations, we have a 50-year-old building, and numerous amenities. This anomaly resulted in 1994. We face possible conversion to Chapter 7 Bankruptcy and liquidation of all our assets reduced or possible loss of club amenities such as tennis, pickleball, pool, golf and clubhouse. 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. 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. Posted about 2 hours ago $2,950 / 3br - 1145ft2 - Beautifully remodeled 3bed,2bath in Green Mountain home!1 WEEK FREE* (461 S. $3,875 / 1br - 682ft 2 - One bedroom home with vaulted ceiling and balcony . We are located on St Rte 44 just 2.5 miles east of Brownwood Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. Is there a Special Assessment Payment Plan? The truth is that the Association has simply failed to perform any real repair or maintenance of the Lake for 27 years now. 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. 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. Joining the Continental Country Club HOA is the easiest way to protect your property's value! 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. Who owns the property Lake Elaine is on and who is responsible for its redevelopment and construction? 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. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. 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. One that was, you know, competent., Financial mismanagement reaches further back than the 2020 study, said resident John Nilsson. https://continentalflagstaff.com/fee-schedule-to-support-the-reorganization-plan/. Can we just abandon the property? Beginning 2024, we have three small increases to annual dues of $97 which resolves deferred maintenance and creates appropriate reserves/plan for maintaining building/grounds. There are constant ongoing repairs and improvements required for these assets that must be addressed. That would be within the discretion of the trustee. Each year, members may elect a new board or move to a professional management association. 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. 2380 N. Oakmont Drive, Flagstaff, AZ 86004 (928) 526-5125 www.continentalflagstaff.com . 27470 Jefferson Ave. Pizza making Mamma mia, we love this one! They are down to earth, fun-loving people that enjoy spending time together laughing over great food and refreshing drinks. However, the CC&Rs needed to be combined with the assessments at the amounts approved by each individual subdivision at that time. ", 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. These homeowners are known as Associate members. A future owner of your home may find golf or the other amenities appealing. In the mean time the proshop will still be open Tuesday- Saturday 9am-4pm. But the residents involved in the class action suit believe repairing the lake isn't nearly that expensive. Get up-to-the-minute news sent straight to your device. What remains to be seen is whether Continental will get the votes they need to avoid Chapter 7, what will finally become of the contentious Lake Elaine,and whether the organization will be able to repair its financial situation in the long run. 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. Back then, the increase had to be approved in each single-family subdivision. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. The Class also estimates this temporary solution could be completed quickly in months, not years. Based on the HOAs rules, those fees can only be raised by a two-thirds vote by all members. 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. 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.. Email notifications are only sent once a day, and only if there are new matching items. Held says the bankruptcy wont close the golf course or force any layoffs and daily operations will go on as normal. But Bliss also took issue with the HOAs suggestion that the issue over Lake Elaine was the primary cause of the bankruptcy. . 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. 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. Our clubhouse is over 50 years old and the other amenities require maintenance and repair. The Ferraro Groups contract and the previous Cindy May Marketing contract are for the same amount. The following is a statement from Lakeside Homeowners At Continental: Continental Country Clubs Financial Challenges Result From Failure to Plan and Confront Obligations. Why did the Board decide to take this step now? Two yeses mean $2.5M goes to either Option 1 or 2 as determined by creditors. 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. They pay the full membership dues and receive the same benefits. Now, the HOA faces bankruptcy if it can't come up with $2.5 million. 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. What about the special assessment or other fees? Mo. Ballots go out June 28th, and need to be mailed or returned in-person, Owners who do not return an absentee ballot will be allowed to vote in person at July 30th special meeting, We must reach 60% of quorum (or participation of homeowners in the vote), 2/3 of those voting must vote yes on BOTH ballots for it to be approved, Results announced in special meeting of the members on Saturday, July 30th. The . 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. 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.. Becoming a member at Continental Country Club is an investment in yourself, your family and your future. Sign up for our newsletter to keep reading. At Continental, you are more than a member; you are part of the family. The reorganization plan imposes a one-time special assessment of $2,000. 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! Continental has known about its financial challenges for years, even decades, but neglected to plan for or properly address them. The Board approved a two-tier membership now known as Associate and Full Membership to account for the difference in assessment levels. Continental is responsible for those owners access to amenities and common area maintenance. 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. Please subscribe to keep reading. Print Subscribe Was this page helpful? 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. Zillow has 3 homes for sale in 34785 matching Continental Country Club. Continental Country Clubs HOA files for Chapter 11 bankruptcy. 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. *Country Club Homeowners: This amount is for quarterly dues only and is separate from mandatory social membership dues. Payment $4,996 Price/Sq.Ft. You can cancel at any time. Continental owns and maintains the Walnut Canyon Lakes, and the Associations own experts have testified that Lake Elaine can be repaired. Helly Hansen Active Winter sulejope UUS! If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! In November, the chain announced the first CFC would be built in Monroe, OH, near its home base of Cincinnati. 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. 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. https://continentalflagstaff.com/what-if-our-members-dont-approve/. 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 benefits are endless and your experiences will last a lifetime. 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! 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. Court testimony confirmed what the Class already knew: The Lake holds water and can be fixed. Are you looking for a great 55+ retirement community? 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. How much are you paying for these signs Im seeing, and this PR firm? It bolstered the property values of homes located on the waterfront and was a gorgeous sight to see. 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. Get up-to-the-minute news sent straight to your device. Continental Country Club General Manager Talia Murray says if approved, the one-time assessment can be paid over two years by residents and HOA fees wouldnt go up until 2024 and increase over three years. She adds however, if the plan isnt approved, Chapter 11 could turn into Chapter Seven and assets within the club could be sold off to pay for the current debt. That could mean events like, the annual Easter Egg hunt, breakfast with Santa and Lights on the Lawn could be in jeopardy. We 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.
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