continental country club hoa fees

3. Chapter 11 Reorganization | FAQ | Communication with Members | Court Motions & Hearings | Media Announcements. to fines, and Continental Country Club HOA reserves the right to require restoration of the property to its prior condition. 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" Give Us A Call: 1-888-452-6595. Once that happens, and at the approval of the homeowners, selling the golf course is something that can be discussed. The owners of these properties are also obligated to pay annual assessments to CCC based on their respective CC&Rs. 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. No true repairs have been made to the Lake since 1994. 4530 Red Fox Ln, Flagstaff, AZ 86004 | MLS# 192424 | Redfin The availability of these amenities, whether used or not, makes CCC a desirable neighborhood and increases property values. 2380 N. Oakmont Drive, Flagstaff, AZ 86004 (928) 526-5125 www.continentalflagstaff.com . These homeowners - the "Class" - believe that the Association has options to address its financial challenges. The January newsletter provided to homeowners did reference that bankruptcy was an option that was being considered. The Wyndham Timeshares (125 units) are Full Members of Continental just like all other owners. The Course is open to homeowners and timeshare owners residing within subdivisions of Continental Country Club's Homeowners Association. 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. 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. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). That fee would drop to $500 if the HOA begins refilling the lake, and continue until it is full. Main: (928) 526-5125Oakmont: (928) 526-7990Golf Shop: (928) 527-7997Bear Paw: (928) 522-1588, 2023 CONTINENTAL COUNTRY CLUB ALL RIGHTS RESERVED. lbdoe.bluebeard.best 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. 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. The first payment would be due the same day as the due date for the special assessment. In a media release, the HOA board seemed to attribute most of their problems to recent legal action over Lake Elaine, a man-made lake within the country club that has been the center of controversy for years. Membership - Continental Country Club Fee: Continental Country Club HOA or Social Membership fee required. It has not been a normal winter in Flagstaff. At Continental, you are more than a member; you are part of the family. There are constant ongoing repairs and improvements required for these assets that must be addressed. HOA of Continental CC Files for Chapter 11 Protection - Club Deeper into Lake Elaine: Residents contend lake is not to blame for But the residents involved in the class action suit believe repairing the lake isn't nearly that expensive. Wildwood, FL 34785. This area is served by the Sweetwater Union High attendance zone. Why didnt the Board give us a warning that this was going to happen? HOA Legal Name: CONTINENTAL COUNTRY CLUB R.O., INC. There are many types of townhomes available from $300,000 - $500,000. Is there a Special Assessment Payment Plan? 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/. 219 4. Is it possible to leave the HOA so we're not part of it? The Lake Elaine lawsuit was based on a 1990 Amended Judgement and Settlement that was rejected by the bankruptcy court earlier this year. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! Example turn the golf course into single-family homes. 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. The lake level has been falling because water is seeping out despite previous attempts to seal the lake bottom. The question is why. Even more, we do all the work of the Deed Restriction for you! At the time of the study, Continentals reserve balance was $54,291. Chapter 11 Filing FAQ - Continental Country Club 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. If it is to be divested, it must be accepted by a third party. Continental Country Club home prices vary from luxury homes to more affordable homes that might be perfect for first-time buyers. application fee details: $55 app fee online at our website bishoprealtygrp. A July 14 article for the Arizona Daily Sun explored the issue through testimony from management of the country. Sean Golightly reports on the environment and the city of Flagstaff. 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 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. They stick to the claim that maintaining the lake in the manner outlined in 1990 is no longer physically possible, economically feasible or ecologically sound., While the court concluded that it was possible to maintain the lake, and that Continental had a responsibility to do so, the engineering reports that informed the decision paint a more complex picture. Register for our eClub to receive regular offers and updates from Continental CC! 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. Dues increases and/or special assessment would have been necessary even if a professional management company was involved. 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. There was a problem saving your notification. 2380 N Oakmont Dr 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. . These homeowners the Class believe that the Association has options to address its financial challenges. Is it possible to leave the HOA so we're not part of it? 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.. All owners of lots subject to the declaration are required to be members of Continental Country Club, Inc., per the recorded declaration. The Villages, FL 32162 Directions. Is there money set aside for the management of the HOA & enforcement of CC&Rs? How does the Chapter 11 filing affect me as a Continental Country Club Member? Then, you've come to the right place. When were the clubhouse and clubhouse pool built? Flagstaff, Feb. 12, 2021 - Continental Country Club is a great place to live and provides many amenities for the broader community. Becoming a member at Continental Country Club is an investment in yourself, your family and your future. Bronson Creek feeds into a wetland on the east side of the park; a paved trail provides access to the wetland. 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.. Continental Country Club Who are the members of CCC? 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.. Do all members of the HOA get to vote for the new HOA Dues and Special Assessment? The issues we are dealing with today began 30 years ago and the current board wasnt a part of. They want the lake fixed, Bliss said. Continental Country Club is a neighborhood in Wildwood, Florida. Cont Country Club HOA Flagstaff, AZ - HOA Community Why are there currently some members paying different assessment rates? Deeper into Lake Elaine: Residents contend lake is not to blame for country clubs bankruptcy. junio 12, 2022. jonah bobo 2005 . Home - Continental Country Club FL Staffed with talented and devoted professionals, Continental Country Club is among the area's best-rated public courses. Continental Country Club Files For Chapter 11 Bankruptcy, Will Stay 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. 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! Our members are what makes the social membership so special. It is not true that the Lakeside Homeowners want to bankrupt [Continental], the Legionnaire statement says. However, even if we cant use amenities, were still required to pay annual lot assessment fees even when unable to use amenities. Flagstaff, AZ 86004, Call Continental Country Club at (928) 526-5125, on our EZLinks tee times page in a new tab. But some lakefront residents on the other side of the legal battle have a different perspective. You can cancel at any time. 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. Yes, there is nothing inherent in Chapter 7 that dissolves the HOA. Continental Country Club HOA in Chula Vista, CA How do timeshares fit into the funding picture? This community dates back to 1975 and has continued to develop over the years. Are you looking for a great restaurant? 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. Can I see a Reserve Study Summary of expenditures broken out by amenity? That fee would drop to $500 if the HOA begins refilling the lake and continue until it is full. Continental Country Club HOA is a community located in Chula Vista, CA (San Diego County). Two yeses mean $2.5M goes to either Option 1 or 2 as determined by creditors. 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 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. What is the process required to divest the HOA of Lake Elaine? What about the special assessment or other fees? This one-acre park, opened in 2013, includes a playground with a swing set and a picnic table. We have the receipts. Schedule: No open play during the off-season (Nov-Apr). Learn More on our tournaments page. Search And Rescue Crews Tended To An Injured Hiker On Mt. Bliss said the HOA also has lots of deferred maintenance fees, while also having some of the lowest member fees in the state. 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? View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. In the mean time the proshop will still be open Tuesday- Saturday 9am-4pm. The intent in filing Chapter 11 Reorganization was to give CCC the opportunity to develop a reorganization plan and develop a solid financial footing for the future. 27470 Jefferson Ave. Pizza making Mamma mia, we love this one! In some cases, these problems predate the current board by years, if not decades. For the good of our residents and those who enjoy our facilities, it was time to take action.. Held says the work would take time and millions of dollars. Great Circle Media serves Flagstaff, Prescott, Sedona, and the surrounding areas with Northern Arizonas Best Radio Stations! You can cancel at any time. 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. 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. Why dont we just sell the golf course to eliminate the large expense of deferred and ongoing maintenance? So, we either pay the known $2.5 million now, or pay more later up to the $15 million? The . 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. The CC&Rs govern 1,210 single family homes. There are condominiums, big and small, that you can purchase in the $180,000 - $300,000 price range. 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. 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. Flagstaff City Championship Flyer 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. Please subscribe to keep reading. The Continental Country Club in Flagstaff is bankrupt. Four Star Homes has Properties in Adult, Family, and Senior Communities throughout Central Florida. 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! Continental has known about its financial challenges for years, even decades, but neglected to plan for or properly address them. $273 Buyer's Agent Commission 2.5% Street View Directions Ask Redfin Agent Cody a Question Cody Bauer Flagstaff Redfin Agent Tract D (Lake Elaine) is currently owned by the Association. There is a one-time special assessment of $2,000. Continental Country Club - Eileen Taggart - Brokered by Exp Realty Please subscribe to keep reading. Kroger Near The Villages FlView My Lists Kroger Pay. Find 1036 listings However, the CC&Rs needed to be combined with the assessments at the amounts approved by each individual subdivision at that time. 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. That's not true. One thing to remember, you will be required to pay additional Home Owner . All Single-Family homes governed by the CC&Rs are obligated to pay an annual lot assessment. Beyond the potential Lake Elaine obligations, we have a 50-year-old building, and numerous amenities. Based on the HOAs rules, those fees can only be raised by a two-thirds vote by all members. The money for the signs was donated. Continental Country Club Homes for Sale - Best Flagstaff Homes Continental Country Club has 2,395 owners. Will there be a special assessment to help cover some of the debts? I just see that as being poorly managed, Penoff said. 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. 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. There was a problem saving your notification. For more information contact Continental Country Club Guest Services at . They are down to earth, fun-loving people that enjoy spending time together laughing over great food and refreshing drinks. Thank you to everyone who came out and play, we are looking forward to some exciting changes in-store for next year. Are our property assessments used for this? 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! He said the HOA has several other significant expenses and issues that have prevented it from properly facing those issues. What are we voting on, what is the timeline/details? . Continental Golf Course Is CLOSED for the Season! Continental Country Club Resorts, Wildwood, FL Real Estate & Homes for The community is gated, includes 24/7 security and even allows pets. 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 - 34785 Real Estate - 3 Homes For Sale - Zillow 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. If I haven't yet paid my annual dues, will they still have to be paid? The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. Still, Chapter 7 and the liquidation of assets that would follow are by no means in Continentals interests. 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. {{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. This would include 4-5 ponds, walking trails, benches, limited parking and would be open to, With either option, and assuming successful confirmation of our reorganization plan by the bankruptcy court, we have no ongoing legal obligation to continue any litigation from lakefront homeowners. The restrictions contained in a declaration are covenants that run with the land and cannot be terminated by the owner. 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. 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. Are you looking for a great 55+ retirement community? Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. Continental Country Club Flagstaff, AZ 86004 Situated below Mount Elden in Flagstaff, AZ, the 18-hole championship golf course at Continental Country Club was designed by Bob E. Baldock.

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