continental country club hoa fees

But, in the 1990s, disaster struck. In the same newsletter, Murray quoted Patrick A. Clisham of Engelman Berger, the legal counsel to Continental Country Club, as having said Chapter 7 means chaos. 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 Panda Express is expanding to east Flagstaff. The Trustee is charged with maximizing distributions to creditors. 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. Voting to approve these additional funds ends July 28. 3. The owners of these properties are also obligated to pay annual assessments to CCC based on their respective CC&Rs. Each year, members may elect a new board or move to a professional management association. And its free! Continental Country Club | Continental Country Club Mobile Homes 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. 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. If we pay the $2.5M now, were done forever, other than ongoing maintenance of the small ponds, according to Judge Ballinger. The association has said that any lake repair would cost millions of dollars. Get up-to-the-minute news sent straight to your device. Continental has known about its financial challenges for years, even decades, but neglected to plan for or properly address them. Are the fines associated with the October 2020 preliminary ruling being assessed currently? 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. In a recent newsletter to Continental residents, General Manager Tahlia Murray confirmed that if unable to emerge from Chapter 11 Bankruptcy and forced to file Chapter 7 Bankruptcy, the Lake Elaine lawsuit would cease, as the HOA cannot be sued by Lake Elaine property owners or any other entity under Chapter 7. This included an offer to complete a partial top-down repair to buy more time. 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. You can cancel at any time. 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. 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. Most of it, though, is the result of the Associations failure to plan and its collective failure to confront issues and take proactive steps to address them. Continental Country Club - Wildwood, FL Homes for Sale & Real Estate Continental Country Club. (link to message). Continental received $1500 in donations for marketing materials for the campaign. A 1991 class action lawsuit ruling stated the lake must remain full. 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. 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. Continental Country Club - Flagstaff Golf Homes - Our Complete A big vote is underway at Continental Country Club in East Flagstaff. Please subscribe to keep reading. 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" Held says the work would take time and millions of dollars. Home - Continental Country Club FL The perceived pattern of mismanagement plays into the perspective put forward in court by the suing class of lakefront homeowners the Lakeside Legionnaires as they call themselves. There are condominiums, big and small, that you can purchase in the $180,000 - $300,000 price range. Please notify the Association in writing prior to the special assessment due date if interested in the payment plan, The timing for implementing the reorganization plan depends on the association receiving the funds when they are due, thus the 5% interest charge. Dues increases and/or special assessment would have been necessary even if a professional management company was involved. 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. Homeowners have a duty to pay their annual dues and this holds true even while in a Chapter 11 reorganization. This included signage, team captain materials and t-shirts. 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 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. 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. You have permission to edit this article. On this point, the Legionnaires agree. The special assessment can be paid over two years with eight (8) quarterly payments of $261 (which includes 5% interest). (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). Will there be a special assessment to help cover some of the debts? 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. The Wyndham Timeshares (125 units) are Full Members of Continental just like all other owners. Some of that is the result of limitations on the Associations revenues and on its ability to raise dues or impose special assessments. The Board approved a two-tier membership now known as Associate and Full Membership to account for the difference in assessment levels. Is it possible to leave the HOA so we're not part of it? Payment $4,996 Price/Sq.Ft. Are our property assessments used for this? There is no definite date as to when the clubhouse pool was built; however, there is a 1979 photograph showing the pool and the two adjacent tennis courts. Chapter 11 Filing FAQ - Continental Country Club Flagstaff, AZ Golf | Continental Country Club *Country Club Homeowners: This amount is for quarterly dues only and is separate from mandatory social membership dues. Bliss said the HOA also has lots of deferred maintenance fees, while also having some of the lowest member fees in the state. The criteria is based on the HOA community rules and regulations, bylaws and accountability. Continental Country Club in Wildwood, Florida, USA | GolfPass How does the Chapter 11 filing affect me as a Continental Country Club Member? Mo. If you are looking for our main website, click here. Starting in 2024, associate members would owe an additional $63 for 2024, 2025, and 2026. Schedule: No open play during the off-season (Nov-Apr). The Lake Elaine lawsuit was based on a 1990 Amended Judgement and Settlement that was rejected by the bankruptcy court earlier this year. Court testimony confirmed what the Class already knew: The Lake holds water and can be fixed. 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. But some lakefront residents on the other side of the legal battle have a different perspective. Situated below Mount Elden in Flagstaff, AZ, the 18-hole championship golf course at Continental Country Club was designed by Bob E. Baldock. A Big Vote Is Underway At Continental Country Club The filing for Chapter 11 reorganization stays those fines. Continental County Club has filed for Chapter 11 bankruptcy protection, but daily operations wont change. Subscribe to our Daily Headlines newsletter. There are approximately 1,360 single-family homes (in addition to 1,030 townhouses, condos, and timeshares) within the Continental Country Club Homeowners Association. Are you looking for a great restaurant? Example turn the golf course into single-family homes. How do timeshares fit into the funding picture? Continental Country Club's HOA files for Chapter 11 bankruptcy (AZ) 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. Held says the bankruptcy wont close the golf course or force any layoffs and daily operations will go on as normal. 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. This filing allows Continental and its homeowners the chance for a fresh start so we can best address several issues, Held said. 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 Continental Country Club course is filled with par 3s and par 5s, offers beautiful mountain views and a friendly, neighborhood environment. https://continentalflagstaff.com/motion-to-reject-1990-agreement-granted/. Professional management associations still report to a board of directors which makes final decisions. Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. We do not currently expect the LFOs to elect Option A. Back then, the increase had to be approved in each single-family subdivision. If we convert to Chapter 7, the HOA cannot be sued by Lake Elaine property owners or any other entity. Our main desire is for members and guests, alike, to have a memorable golfing experience. Is it possible to leave the HOA so we're not part of it? And it's free! Hobby Shop Temecula - kbstricks.it Raising dues and increasing assessments is an important step to funding the reserves, Cohen's statement said. 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. 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. The reorganization plan imposes a one-time special assessment of $2,000. . 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. Were empathetic to those on fixed incomes, and offer payment plans to ease burdens. Why did the Board decide to take this step now? They don't want to claim for damages. Will all country club members be allowed on the new redeveloped lake? Bronson Creek feeds into a wetland on the east side of the park; a paved trail provides access to the wetland. However, even if we cant use amenities, were still required to pay annual lot assessment fees even when unable to use amenities. We have developed such a plan and are confident that if our members approve the two fees to support it, we will take a big step towards a better future for our Association, https://continentalflagstaff.com/things-to-know-the-continental-country-club-reserve-study/. Copyright 2023 Continental Country Club FL All Rights Reserved. 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. Home to one of the best-rated public golf courses in Flagstaff, AZ. Pennsylvania - Wikipedia The Social Membership allows you access to all the Club's amenities and provides the opportunity to take part in our extensive calendar of social events, Whether you plan to use Flagstaff as your home base or your vacation get-away you will not regret calling this home! CONTINENTAL COUNTRY CLUB RO, WILDWOOD FL HOA Board, Property Mgr 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. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! At the time, it was an asset to the HOA. 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. At the time, it was an asset to the HOA. 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. Continental Country Club Who are the members of CCC? If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! Are you looking for a great 55+ retirement community? Membership in Continental is a result of home ownership. These homeowners are known as Associate members. What happens if we vote NO (DO NOT APPROVE) or dont meet the quorum requirement after two tries? Without an additional court order, the Trustee steps into the Debtors shoes and inherits any and all land restrictions, encumbrances, etc. 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. 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. 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. The restrictions contained in a declaration are covenants that run with the land and cannot be terminated by the owner. The fee had been set to begin at the start of February, but due to the bankruptcy, it has been put on hold. This community dates back to 1975 and has continued to develop over the years. Great Circle Media serves Flagstaff, Prescott, Sedona, and the surrounding areas with Northern Arizonas Best Radio Stations! Continental Country Club Homeowners Association, Wildwood Florida 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.. 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. 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. We have compensated by charging usage fees and not giving golf discounts to those who do not pay the full amount. 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 Get up-to-the-minute news sent straight to your device. That's not true. 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. By the end of the year, they expected they could get that number to $125,000. Helly Hansen Active Winter sulejope UUS! 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. 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. Email notifications are only sent once a day, and only if there are new matching items. View Properties for Sale at Continental Country Club located in For the good of our residents and those who enjoy our facilities, it was time to take action.. 2380 N Oakmont Dr Do all members of the HOA get to vote for the new HOA Dues and Special Assessment? Search And Rescue Crews Tended To An Injured Hiker On Mt. Register for our eClub to receive regular offers and updates from Continental CC! Not necessarily. If we had hired a professional HOA management team a few years ago, could we have avoided all this? Reorganization comes after decades of the Association kicking the can down the road. Flagstaff, AZ 86004, Call Continental Country Club at (928) 526-5125, on our EZLinks tee times page in a new tab. This anomaly resulted in 1994. They are down to earth, fun-loving people that enjoy spending time together laughing over great food and refreshing drinks. Multi-Unit Information Community Amenities: Clubhouse, Golf, Pool/Spa, Tennis Court Parking Information Garage Type: Garage Door Opener Garage Type: Garage Capacity: 7.00 Homeowners Association Information HOA Fees: 550.00 HOA Frequency: Yearly HOA Name: Continental Country Club HOA Contact #: 928.526.5125 Its those reasons why the Club went into Chapter 11 bankruptcy in February of 2021. The Boards decision to take this step relied on a three-pronged financial problem that was accelerated after the October 30th preliminary ruling of finding CCC in contempt for having not maintained Lake Elaine consistent with a 1990 Consent Decree, discussed below. 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. It is difficult to predict how the trustee will act, but generally speaking trustees wind up operations quickly after appointment and liquidate assets as fast as possible. If the Assessment and dues increase fails, and the HOA converts to Chapter 7, will the Lake Elaine lawsuit continue? Now, it has turned to owners for funding. The Continental Country Club in Flagstaff is bankrupt. Kroger Near The Villages FlView My Lists Kroger Pay. Find 1036 listings He is a big sweetheart but a little too rough for my Pygmy Goats. 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. How will this affect the value of my home? 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. 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. 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. 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 trustee is appointed to liquidate and pay, not operate. Continental Country Club HOA is a community located in Flagstaff, AZ (Coconino County). 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. 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. 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. The Lakeside Homeowners would lose as much as any other owner would if the bankruptcy ended in a liquidation.. In 2006 Continental Country Club succeeded in unifying (11) different sets of CC&Rs for individual single-family subdivisions. Tripadvisor Rockport Maine2 mi$$ - $$$ American Seafood Grill 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. Trees are falling in Flagstaff and have been compromised as a result of recent winter storms. HOA of Continental CC Files for Chapter 11 Protection - Club 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. However, the CC&Rs needed to be combined with the assessments at the amounts approved by each individual subdivision at that time. 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.. Two yeses mean $2.5M goes to either Option 1 or 2 as determined by creditors. What is the difference between Chapter 11 Reorganization and Bankruptcy? 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. 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. Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. Cont Country Club HOA Flagstaff, AZ - HOA Community Flagstaff City Championship Flyer 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. Membership - Continental Country Club 4530 Red Fox Ln, Flagstaff, AZ 86004 | MLS# 192424 | Redfin There has been much misinformation about the history of Lake Elaine and the ability to maintain lakes in this area. HOA Faces Bankruptcy Over Man-Made Lake | HOAM News - Hoa Management .com 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. For the most part, most of our Members should not be affected by this petition. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake.

Deadliest Catch Maverick Sinks, Who Betrayed Maximus In Gladiator, Ward Funeral Home Dawson, Ga Obituaries, Articles C