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? Quick Facts Getting Around Continental Country Club Continental Country Club Learn more about this neighborhood. We have compensated by charging usage fees and not giving golf discounts to those who do not pay the full amount. {{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. Can I see a Reserve Study Summary of expenditures broken out by amenity? What date did this filing for Chapter 11 Reorganization take effect? Elden Thursday, Jeronimo Vasquez Named District 2 Supervisor, Grand Falls Closed To Visitors Until Further Notice, Over 30-Inches Of Snow Fell Near Downtown Flagstaff And Kachina Village From The Latest Storm, Arizona State Forestry Allocates $27-Million To Flagstaff And Coconino County, Flagstaff Beats Pueblo To Win The 4A Girls State Basketball Title, School Closings And Delays, Along With Other Weather-Related Matters For Thursday In Northern Arizona, NAU, FUSD Closed As A Major Winter Storm Leaves Feet Of Snow Behind, Missing Man, Who Was Last Believed To Be In Williams, Has Been Found Safe, ADOT Holding A Public, In-Person Meeting In Flagstaff Next Wednesday, Winter Storm Warning Extended To 11 A.M. Thursday For Flagstaff And Surrounding Areas, Copyright 2023 Great Circle Media | All Rights Reserved | Privacy Policy. Joining the Continental Country Club HOA is the easiest way to protect your propertys value! By the end of the year, they expected they could get that number to $125,000. 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! Please subscribe to keep reading. 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. The failure to plan by the association, the failure to reserve funds, have really put the association in a tough spot.. 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. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). 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. 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.. The lake level has been falling because water is seeping out despite previous attempts to seal the lake bottom. 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. Its those reasons why the Club went into Chapter 11 bankruptcy in February of 2021. You have permission to edit this article. Some of that is the result of limitations on the Associations revenues and on its ability to raise dues or impose special assessments. Fee: Continental Country Club HOA or Social Membership fee required. President - The president of the Board presides at all meetings of the Board of Directors. Trees are falling in Flagstaff and have been compromised as a result of recent winter storms. Round Table Discussions will be held on every, We will also be having Town Hall Meetings for everyone who is interested in attending. Learn More on our tournaments page. 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. 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. We also have aging facilities that require upkeep with an insignificant amount of reserves. 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.. The Continental Country Club in Flagstaff is bankrupt. That resulted in two levels. Membership in Continental is a result of home ownership. 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%. However, the CC&Rs needed to be combined with the assessments at the amounts approved by each individual subdivision at that time. Quite honestly, I can't imagine a professional management company letting this happen. Give Us A Call: 1-888-452-6595. He said the HOA has several other significant expenses and issues that have prevented it from properly facing those issues. Yes, there is nothing inherent in Chapter 7 that dissolves the HOA. 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. 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. 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. At Continental, you are more than a member; you are part of the family. The Board approved a two-tier membership now known as Associate and Full Membership to account for the difference in assessment levels. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). Now, it has turned to owners for funding. 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. 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. 3. As stated at the 2/12/21 meeting, the Board is taking ALL homeowners concerns regarding voting equality seriously and plans to include the townhomes and condos in all future votes, if legally possible. 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. The community is gated, includes 24/7 security and even allows pets. Wyndham also contributes 50% of the cost of running the Fitness Center and pays for all Capital Improvements at Bear Paw + 60% of the operational day-to-day costs. The following is a statement from Lakeside Homeowners At Continental: Continental Country Clubs Financial Challenges Result From Failure to Plan and Confront Obligations. Panda Express is expanding to east Flagstaff. Why are there currently some members paying different assessment rates? However, a Chapter 7 panel trustee would be appointed and all decisions regarding the operations of the HOA will be made by the Trustee. 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. 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. Based on the HOAs rules, those fees can only be raised by a two-thirds vote by all members. 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. 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. Continental has known about its financial challenges for years, even decades, but neglected to plan for or properly address them. *Country Club Homeowners: This amount is for quarterly dues only and is separate from mandatory social membership dues. (link to message). 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. Chapter 11 Reorganization | FAQ | Communication with Members | Court Motions & Hearings | Media Announcements. The restrictions contained in a declaration are covenants that run with the land and cannot be terminated by the owner. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! The question is why. For the most part, most of our Members should not be affected by this petition. There were several additions made in the 1970s. By 2026, the annual dues increase will be $291. 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. 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. Flagstaff, Feb. 12, 2021 - Continental Country Club is a great place to live and provides many amenities for the broader community. The Trustee is charged with maximizing distributions to creditors. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. continental country club hoa fees. HOA Fee Includes 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. This includes CC&Rs enforcement on the property, common area maintenance, amenities access and social activities. Is it possible to leave the HOA so we're not part of it? In some cases, these problems predate the current board by years, if not decades. We do support the vote for the additional funds for the homeowners association.. 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. That's not what any of our folks want. Why are there currently some members paying different assessment rates? Subscribe to our Daily Headlines newsletter. If we had hired a professional HOA management team a few years ago, could we have avoided all this? But, in the 1990s, disaster struck. It has not been a normal winter in Flagstaff. Get up-to-the-minute news sent straight to your device. 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.. All owners of lots subject to the declaration are required to be members of Continental Country Club, Inc., per the recorded declaration. And its free! 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 The association has said that any lake repair would cost millions of dollars. When were the clubhouse and clubhouse pool built? Below you can find information for the homeowners association including HOA fee includes, community features and amenities. 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 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. Pennsylvania (/ p n s l v e n i / (); Pennsylvania German: Pennsilfaani), officially the Commonwealth of Pennsylvania, is a state spanning the Mid-Atlantic, Northeastern, Appalachian, and Great Lakes regions of the United States.It borders Delaware to its southeast, Maryland to its south, West Virginia to its southwest, Ohio to its west, Lake Erie and the Canadian province of . 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. A big vote is underway at Continental Country Club in East Flagstaff. Ensure continued use of our club amenities and environment. I dont golf. 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. CCC also had a balloon payment due in October, for $600,000. . Contact ClubCorp for social membership dues questions: 623-742-6200 Download homeowners online payment guide. Were empathetic to those on fixed incomes, and offer payment plans to ease burdens. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. 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. 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 funds usually have strict criteria for how they are to be used. That fee would drop to $500 if the HOA begins refilling the lake, and continue until it is full. 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.. 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. Board Members for Continental Country Club Ro: Title Name Mailing Address Location; Dire . 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. 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. Mo. The Continental CC course can host up to 144 golfers at a time with a shot gun start. This area is served by the Sweetwater Union High attendance zone. https://continentalflagstaff.com/what-if-our-members-dont-approve/. The Continental Country Club constructed Lake Elaine back in the 1970s. 150 Saab tingida. The fee had been set to begin at the start of February, . 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. As with any kind of public HOA restructuring, the CCC bankruptcy could create some market uncertainty on the impacted houses, however this kind of impact should be short-lived and was inevitable given CCCs financial condition and potential Lake Elaine liabilities that must be addressed under the courts recent preliminary ruling. As we now know, market conditions have been favorable for most of the real estate market, including our CCC properties. 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. There are condominiums, big and small, that you can purchase in the $180,000 - $300,000 price range. It is not true that the Lakeside Homeowners want to bankrupt [Continental], the Legionnaire statement says. These membership tiers are subdivision specific. If we pay the $2.5M now, were done forever, other than ongoing maintenance of the small ponds, according to Judge Ballinger. 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/. Email notifications are only sent once a day, and only if there are new matching items. Helly Hansen Active Winter sulejope UUS! 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. Get Adobe Acrobat Reader free to view these files. Raising dues and increasing assessments is an important step to funding the reserves, Cohen's statement said. to fines, and Continental Country Club HOA reserves the right to require restoration of the property to its prior condition. The first payment would be due the same day as the due date for the special assessment. What happens if we vote NO (DO NOT APPROVE) or dont meet the quorum requirement after two tries? The CC&Rs govern 1,210 single family homes. If the plan is approved, Murray says there are two options that can be done with the land. Search And Rescue Crews Tended To An Injured Hiker On Mt. The remaining properties consist of Townhomes, Condos and timeshares. The money for the signs was donated. It bolstered the property values of homes located on the waterfront and was a gorgeous sight to see. After the October 30th preliminary ruling, the board studied and reviewed all possibilities, along with speaking with several professionals and our attorneys. Staffed with talented and devoted professionals, Continental Country Club is among the area's best-rated public courses. 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. The owners of these properties are also obligated to pay annual assessments to CCC based on their respective CC&Rs.
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