Continental Country Club home prices vary from luxury homes to more affordable homes that might be perfect for first-time buyers. Now, the association is asking homeowners to vote to approve two items a one-time fee and an increase in annual dues. 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/. Other areas of compromise included an offer to push out the full Lake Elaine repair as long as 10 years, providing additional running room to plan and capitalize for a proper longer-term repair. Is it possible to leave the HOA so we're not part of it? Not necessarily. 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. They want the lake fixed, Bliss said. The Class also estimates this temporary solution could be completed quickly in months, not years. 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. At the time of the study, Continentals reserve balance was $54,291. 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. Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. Please subscribe to keep reading. 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. We do not currently expect the LFOs to elect Option A. These homeowners the Class believe that the Association has options to address its financial challenges. Call the Pro Shop at 352-748-3293 to reserve your tee time Welcome to Continental Country Club Are you looking for a great golf course? By 2026, the annual dues increase will be $291. The association has said that any lake repair would cost millions of dollars. 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. . Once that happens, and at the approval of the homeowners, selling the golf course is something that can be discussed. 3. 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. 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. Even more, we do all the work of the Deed Restriction for you! How much are you paying for these signs Im seeing, and this PR firm? Beyond the potential Lake Elaine obligations, we have a 50-year-old building, and numerous amenities. Why didnt the Board give us a warning that this was going to happen? There was a problem saving your notification. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). 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.. 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. Raising dues and increasing assessments is an important step to funding the reserves, Cohen's statement said. A big vote is underway at Continental Country Club in East Flagstaff. 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. Helly Hansen Active Winter sulejope UUS! (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). It bolstered the property values of homes located on the waterfront and was a gorgeous sight to see. If the Assessment and dues increase fails, and the HOA converts to Chapter 7, will the Lake Elaine lawsuit continue? Its those reasons why the Club went into Chapter 11 bankruptcy in February of 2021. There are a lot of different options when it comes to housing in Continental Country Club. When were the clubhouse and clubhouse pool built? One thing to remember, you will be required to pay additional Home Owner . 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. Is it possible to leave the HOA so we're not part of it? The Course is open to homeowners and timeshare owners residing within subdivisions of Continental Country Club's Homeowners Association. Trees are falling in Flagstaff and have been compromised as a result of recent winter storms. Our clubhouse is over 50 years old and the other amenities require maintenance and repair. Register for our eClub to receive regular offers and updates from Continental CC! That's not what any of our folks want. The remaining properties consist of Townhomes, Condos and timeshares. 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. Zillow has 3 homes for sale in 34785 matching Continental Country Club. Are our property assessments used for this? Continental Country Club - 78 Spaces is an apartment community located in San Diego County and the 91911 ZIP Code. Will all country club members be allowed on the new redeveloped lake? 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. The Country Inn at Camden Rockport Show prices Enter dates to see prices 505 reviews #1 Best Value of 15 places to stay in Rockport By Allyson R "The staff is fantastic, the room clean and comfortable, the continental breakfast delicious and hot. The availability of these amenities, whether used or not, makes CCC a desirable neighborhood and increases property values. 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. Get up-to-the-minute news sent straight to your device. We also have aging facilities that require upkeep with an insignificant amount of reserves. In some cases, these problems predate the current board by years, if not decades. 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 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. 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. All owners of lots subject to the declaration are required to be members of Continental Country Club, Inc., per the recorded declaration. 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. At the beginning of the Chapter 11 process, we explained that values may be negatively affected. 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. This included an offer to complete a partial top-down repair to buy more time. Print Subscribe Was this page helpful? Our main desire is for members and guests, alike, to have a memorable golfing experience. That fee would drop to $500 if the HOA begins refilling the lake and continue until it is full. Some of that is the result of limitations on the Associations revenues and on its ability to raise dues or impose special assessments. What is the difference between Chapter 11 Reorganization and Bankruptcy? 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 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. Continental Country Clubs HOA files for Chapter 11 bankruptcy. 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. Becoming a member at Continental Country Club is an investment in yourself, your family and your future. There are many types of townhomes available from $300,000 - $500,000. We have compensated by charging usage fees and not giving golf discounts to those who do not pay the full amount. Come see us today! 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. The restrictions contained in a declaration are covenants that run with the land and cannot be terminated by the owner. Main: (928) 526-5125Oakmont: (928) 526-7990Golf Shop: (928) 527-7997Bear Paw: (928) 522-1588, 2023 CONTINENTAL COUNTRY CLUB ALL RIGHTS RESERVED. 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. 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. But, in the 1990s, disaster struck. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. Voting to approve these additional funds ends July 28. This one-acre park, opened in 2013, includes a playground with a swing set and a picnic table. Thank you to everyone who came out and play, we are looking forward to some exciting changes in-store for next year. The lake level has been falling because water is seeping out despite previous attempts to seal the lake bottom. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. Who owns the property Lake Elaine is on and who is responsible for its redevelopment and construction? There are constant ongoing repairs and improvements required for these assets that must be addressed. Back then, the increase had to be approved in each single-family subdivision. There was a problem saving your notification. 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. 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! I dont golf. Bronson Creek feeds into a wetland on the east side of the park; a paved trail provides access to the wetland. When will we know about the timing and amount of any assessments that will be needed? These membership tiers are subdivision specific. 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.. 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. The January newsletter provided to homeowners did reference that bankruptcy was an option that was being considered. 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. For the good of our residents and those who enjoy our facilities, it was time to take action.. CCC also had a balloon payment due in October, for $600,000. The funds usually have strict criteria for how they are to be used. What happens if we vote NO (DO NOT APPROVE) or dont meet the quorum requirement after two tries? 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. Payment $4,996 Price/Sq.Ft. Even more, we do all the work of the Deed Restriction for you! Two yeses mean $2.5M goes to either Option 1 or 2 as determined by creditors. By the end of the year, they expected they could get that number to $125,000. View Properties for Sale at Continental Country Club located in Wildwood, FL. To hear Peter and Daves interview with Continental Country Club General Manager Talia Murray, click here: Great Circle Media serves Flagstaff, Prescott, Sedona, and the surrounding areas with Northern Arizonas Best Radio Stations! The truth is that the Association has simply failed to perform any real repair or maintenance of the Lake for 27 years now. 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. The Continental CC course can host up to 144 golfers at a time with a shot gun start. He is a big sweetheart but a little too rough for my Pygmy Goats. Quick Facts Getting Around Continental Country Club Continental Country Club Learn more about this neighborhood. 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. The Ferraro Groups contract and the previous Cindy May Marketing contract are for the same amount. 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. What date did this filing for Chapter 11 Reorganization take effect? Subscribe to our Daily Headlines newsletter. Ensure continued use of our club amenities and environment. The owners of these properties are also obligated to pay annual assessments to CCC based on their respective CC&Rs. When were the clubhouse and clubhouse pool built? 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.. What about the special assessment or other fees? 27470 Jefferson Ave. Pizza making Mamma mia, we love this one! 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 . 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 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. First used to store water for the golf course, Lake Elaine is now only aesthetic, but has been leaking water for decades. 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. Then, you've come to the right place. The first payment would be due the same day as the due date for the special assessment. 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. How do timeshares fit into the funding picture? A July 14 article for the Arizona Daily Sun explored the issue through testimony from management of the country. For the most part, most of our Members should not be affected by this petition. Do all members of the HOA get to vote for the new HOA Dues and Special Assessment? 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" The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. Professional management associations still report to a board of directors which makes final decisions. It has not been a normal winter in Flagstaff. Reorganization comes after decades of the Association kicking the can down the road. 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. 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. The timing will depend on whether or not our members approve the two fees necessary to support the reorganization plan and the legal processes that will ultimately approve our reorganization plan. Why are there currently some members paying different assessment rates? 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. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! A member may cease paying in protest, but the trustee will ultimately have the same rights CCC currently has to enforce and compel payment ultimately filing a lien on the property and foreclosing. Give Us A Call: 1-888-452-6595. Subscribe to our Daily Headlines newsletter. 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. 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. 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. Tract D (Lake Elaine) is currently owned by the Association. There were several additions made in the 1970s. In 1988, a group of lakeside homeowners filed a class action lawsuit against the HOA that mandated that the HOA should keep the lake full, but so far, no significant repairs to stop seepage have moved forward. The reorganization plan imposes a one-time special assessment of $2,000. 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. Continental Country Club has 2,395 owners. The criteria is based on the HOA community rules and regulations, bylaws and accountability. Joining the Continental Country Club HOA is the easiest way to protect your property's value! https://continentalflagstaff.com/fee-schedule-to-support-the-reorganization-plan/. You have permission to edit this article. Great Circle Media serves Flagstaff, Prescott, Sedona, and the surrounding areas with Northern Arizonas Best Radio Stations! Flagstaff, AZ 86004, Call Continental Country Club at (928) 526-5125, on our EZLinks tee times page in a new tab. https://continentalflagstaff.com/what-if-our-members-dont-approve/. Will there be a special assessment to help cover some of the debts? 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. Why did the Board decide to take this step now? They pay the full membership dues and receive the same benefits. There are condominiums, big and small, that you can purchase in the $180,000 - $300,000 price range. 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.. We pay a special assessment one-time fee of $2,000 and assuming success in the bankruptcy court, we are DONE with Lake Elaine issue forever! 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. 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. What are we voting on, what is the timeline/details? 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. Continental Country Club HOA is a community located in Flagstaff, AZ (Coconino County). Joining the Continental Country Club HOA is the easiest way to protect your propertys value! The Continental Country Club constructed Lake Elaine back in the 1970s. Lease Details & Fees Details Property Information 78 units/1 story Location 445 Orange Ave , Chula Vista , CA 91911 Get Directions This Property Available Property That fee would drop to $500 if the HOA begins refilling the lake, and continue until it is full. Flagstaff City Championship Flyer And its free! Are you looking for a great restaurant? Background: How did we get in this situation regarding Lake Elaine and the Bankruptcy? The required work would require Engineers, Contractors, and time. If we convert to Chapter 7, the HOA cannot be sued by Lake Elaine property owners or any other entity. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! 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. 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. *Country Club Homeowners: This amount is for quarterly dues only and is separate from mandatory social membership dues. The reorganization plan imposes an increase to our annual assessment that will be phased in over three years beginning in 2024. We do support the vote for the additional funds for the homeowners association.. 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. You can cancel at any time. The trustee is appointed to liquidate and pay, not operate. The CC&Rs govern 1,210 single family homes. That resulted in two levels. 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 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. The question is why. Schedule: No open play during the off-season (Nov-Apr). Now, the HOA faces bankruptcy if it can't come up with $2.5 million. That would be within the discretion of the trustee. 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 question is why. . And it's free! 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. The Board approved a two-tier membership now known as Associate and Full Membership to account for the difference in assessment levels.
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