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. In some cases, these problems predate the current board by years, if not decades. The costs are too much of a burden for members on a fixed income? The Wyndham Timeshares (125 units) are Full Members of Continental just like all other owners. 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. Deeper into Lake Elaine: Residents contend lake is not to blame for country clubs bankruptcy. If I haven't yet paid my annual dues, will they still have to be paid? Court testimony confirmed what the Class already knew: The Lake holds water and can be fixed. Beyond the potential Lake Elaine obligations, we have a 50-year-old building, and numerous amenities. 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. Register for our eClub to receive regular offers and updates from Continental CC! $273 Buyer's Agent Commission 2.5% Street View Directions Ask Redfin Agent Cody a Question Cody Bauer Flagstaff Redfin Agent 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. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. Are you looking for a great 55+ retirement community? 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. In the mean time the proshop will still be open Tuesday- Saturday 9am-4pm. A big vote is underway at Continental Country Club in East Flagstaff. The question is why. Get up-to-the-minute news sent straight to your device. Quick Facts Getting Around Continental Country Club Continental Country Club Learn more about this neighborhood. The work and fines until the lake was filled amounted to a lot of money that our Association does not have. Will there be an increase to my annual assessment? Were voting for a smaller cost now ($2,000 to cover the $2.5M), to protect ourselves from possible larger costs later, unending litigation and the $15 million claim of the LFOs that could not be addressed any other way outside of bankruptcy, to protect our amenities and eradicate Lake Elaine issues. . Subscribe to our Daily Headlines newsletter. The obligation to pay dues at least at their current level runs with the land. 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. For every four gallons of water that is pumped into the lake each day, three gallons are lost to seepage into the ground. 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. This one-acre park, opened in 2013, includes a playground with a swing set and a picnic table. Continental Country Club has 2,395 owners. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). A 1991 class action lawsuit ruling stated the lake must remain full. But, in the 1990s, disaster struck. Are our property assessments used for this? Please subscribe to keep reading. How much are you paying for these signs Im seeing, and this PR firm? What is the source of funds that are being used to pay for all the signage and banners to support the special assessment? Mo. Two yeses mean $2.5M goes to either Option 1 or 2 as determined by creditors. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. 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. 27470 Jefferson Ave. Pizza making Mamma mia, we love this one! They don't want to claim for damages. The restrictions contained in a declaration are covenants that run with the land and cannot be terminated by the owner. To him, the results of this 2020 study were disturbing.. This option allows us to maintain the day-to-day operations of our Club without interruption so that members and others can continue to enjoy our amenities. Is it possible to leave the HOA so we're not part of it? 3mi Publix Quick Picks Delivery by 11:00am Walgreens Delivery by 3:35am Sam's Club Delivery by 11:00am ABC Fine Wine & Spirits Delivery by 2:00pm. 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. continental country club hoa fees. . If we had hired a professional HOA management team a few years ago, could we have avoided all this? Bliss said the HOA also has lots of deferred maintenance fees, while also having some of the lowest member fees in the state. However, the CC&Rs needed to be combined with the assessments at the amounts approved by each individual subdivision at that time. 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! Can we just abandon the property? The original clubhouse was built in 1960. 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. This filing allows Continental and its homeowners the chance for a fresh start so we can best address several issues, Held said. 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. That's not what any of our folks want. 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 biggest problem over the years has been Lake Elaine, which has been an issue for nearly 30 years, with costs and fines building over time. The following is a statement from Lakeside Homeowners At Continental: Continental Country Clubs Financial Challenges Result From Failure to Plan and Confront Obligations. Log in, Continental Country Club HOA in Flagstaff, AZ, Forest Highlands Golf Club HOA in Flagstaff, AZ, Railroad Springs Townhomes HOA in Flagstaff, AZ. 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. From AU$247 per night on Tripadvisor: Starlight Lodge at Rockport Harbor, Rockport. 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. HOA Legal Name: CONTINENTAL COUNTRY CLUB, INC. Reserve funds are used for large projects such as replacements or repairs within the homeowners association. We don't yet know what the ultimate effect of that bankruptcy will be on the finding of contempt or on the long-term future at the lake. The money for the signs was donated. In November, the chain announced the first CFC would be built in Monroe, OH, near its home base of Cincinnati. A filing for Bankruptcy can take many forms, including a Chapter 11 Reorganization. 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. 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. 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. That fee would drop to $500 if the HOA begins refilling the lake, and continue until it is full. Unfortunately, this was the only possible conclusion, and once decided, needed to be acted upon quickly. 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.. 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. The Continental Country Club course is filled with par 3s and par 5s, offers beautiful mountain views and a friendly, neighborhood environment. The reorganization plan imposes a one-time special assessment of $2,000. Back then, the increase had to be approved in each single-family subdivision. We have compensated by charging usage fees and not giving golf discounts to those who do not pay the full amount. Now, it has turned to owners for funding. Email notifications are only sent once a day, and only if there are new matching items. 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. We do think that if we are unsuccessful in approving the fees necessary to support the reorganization plan, there will likely be a negative effect on property values with the reduced or possible loss of amenities currently enjoyed by HOA members including golf course or driving range, tennis or pickleball courts, swimming pool, clubhouse and Bear Paw Recreation Center. It is not true that the Lakeside Homeowners want to bankrupt [Continental], the Legionnaire statement says. Our clubhouse is over 50 years old and the other amenities require maintenance and repair. The failure to plan by the association, the failure to reserve funds, have really put the association in a tough spot.. Continental Country Club Who are the members of CCC? And it's free! 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. How do timeshares fit into the funding picture? 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. Flagstaff, AZ 86004, Call Continental Country Club at (928) 526-5125, on our EZLinks tee times page in a new tab. 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. For the most part, most of our Members should not be affected by this petition. We face possible conversion to Chapter 7 Bankruptcy and liquidation of all our assets reduced or possible loss of club amenities such as tennis, pickleball, pool, golf and clubhouse. If we pay the $2.5M now, were done forever, other than ongoing maintenance of the small ponds, according to Judge Ballinger. There was a problem saving your notification. 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. Round Table Discussions will be held on every, We will also be having Town Hall Meetings for everyone who is interested in attending. How does the Chapter 11 filing affect me as a Continental Country Club Member? Not necessarily. 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. And its free! 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. In 2017, residents came back and asked the court to hold the HOA in contempt for not following through on its mandate to keep the lake full. Held says the work would take time and millions of dollars. Lease Details & Fees Details Property Information 78 units/1 story Location 445 Orange Ave , Chula Vista , CA 91911 Get Directions This Property Available Property Meeste parka Helly Hansen Continental XL UUS. We do not currently expect the LFOs to elect Option A. Home to one of the best-rated public golf courses in Flagstaff, AZ. 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? to fines, and Continental Country Club HOA reserves the right to require restoration of the property to its prior condition. The Lakeside Homeowners would lose as much as any other owner would if the bankruptcy ended in a liquidation.. Professional management associations still report to a board of directors which makes final decisions. It bolstered the property values of homes located on the waterfront and was a gorgeous sight to see. The plan gives the LFOs the option of taking ownership and responsibility for the property going forward and relieving CCC of all future liabilities in exchange for a onetime payment by CCC to the homeowners of $2.5 million. A future owner of your home may find golf or the other amenities appealing. Thank you to everyone who came out and play, we are looking forward to some exciting changes in-store for next year. What are we voting on, what is the timeline/details? Do all members of the HOA get to vote for the new HOA Dues and Special Assessment? Can a trustee remove the restrictions on the use of the golf course to sell it for maximum value? Continental Country Club is a neighborhood in Wildwood, Florida. If APPROVED and Option A is selected, then the property will be deeded to the Lake Elaine owners. That's not true. Reserve your next round of golf with our quick and convenient online booking engine. Finally, CCCs boards have struggled to make ends meet for years, while trying to honor their pledge made in 2013 not to raise dues again for eight years. When were the clubhouse and clubhouse pool built? How do timeshares fit into the funding picture? The Board approved a two-tier membership now known as Associate and Full Membership to account for the difference in assessment levels. Will there be a special assessment to help cover some of the debts? 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. By the end of the year, they expected they could get that number to $125,000. . Ensure continued use of our club amenities and environment. The property cannot be abandoned. Now, the HOA faces bankruptcy if it can't come up with $2.5 million. 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! 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. Continental Country Club HOA is a community located in Flagstaff, AZ (Coconino County). 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. What about the special assessment or other fees? Continental owns and maintains the Walnut Canyon Lakes, and the Associations own experts have testified that Lake Elaine can be repaired. ", The issue is further complicated by the fact that Continental and the Legionnaires cant seem to agree on how much it would cost to repair and maintain even a small lake option. Can I see a Reserve Study Summary of expenditures broken out by amenity? The Course is open to homeowners and timeshare owners residing within subdivisions of Continental Country Club's Homeowners Association. 50 Continental Blvd. Is there a Special Assessment Payment Plan? The filing for Chapter 11 reorganization stays those fines. These homeowners are known as Associate members. {{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. Example turn the golf course into single-family homes. 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? 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. We are located on St Rte 44 just 2.5 miles east of Brownwood Continental Country Clubs HOA files for Chapter 11 bankruptcy. The first payment would be due the same day as the due date for the special assessment. The Ferraro Groups contract and the previous Cindy May Marketing contract are for the same amount. Main: (928) 526-5125Oakmont: (928) 526-7990Golf Shop: (928) 527-7997Bear Paw: (928) 522-1588, 2023 CONTINENTAL COUNTRY CLUB ALL RIGHTS RESERVED. But Bliss also took issue with the HOAs suggestion that the issue over Lake Elaine was the primary cause of the bankruptcy. Background: How did we get in this situation regarding Lake Elaine and the Bankruptcy? There was a problem saving your notification. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). If Option B is selected, the redesign will be the Associations responsibility. There is a one-time special assessment of $2,000. Helly Hansen Active Winter sulejope UUS! Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. 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. 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. But the residents involved in the class action suit believe repairing the lake isn't nearly that expensive. Sean Golightly reports on the environment and the city of Flagstaff. Three People Were Killed In A Multi-Vehicle Accident On I-40 Near Williams Tuesday, Flagstaffs Mayor Paul Deasy Declares A State Of Emergency For The City Due To Post-Pipeline Fire Flooding, 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. Main: (928) 526-5125Oakmont: (928) 526-7990Golf Shop: (928) 527-7997Bear Paw: (928) 522-1588, 2023 CONTINENTAL COUNTRY CLUB ALL RIGHTS RESERVED, Violation Enforcement Policy and Fine Schedule. Flagstaff City Championship Flyer Raising dues and increasing assessments is an important step to funding the reserves, Cohen's statement said. 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. They pay the full membership dues and receive the same benefits. Our members are what makes the social membership so special. An HOA faces bankruptcy because of its man-made lake. Sign up for our newsletter to keep reading. Why are there currently some members paying different assessment rates? 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.. Court reservations required. 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. No true repairs have been made to the Lake since 1994. 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. That resulted in two levels. These homeowners the Class believe that the Association has options to address its financial challenges. The Continental Country Club constructed Lake Elaine back in the 1970s. The Villages, FL 32162 Directions. 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. If it is to be divested, it must be accepted by a third party. (link to message). 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. 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. Come see us today! This option would release the Association from, Option #2 would be to spend that $2.5 million and create the new amenity. Copyright 2023 Continental Country Club FL All Rights Reserved. However, even if we cant use amenities, were still required to pay annual lot assessment fees even when unable to use amenities. 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. 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. It has not been a normal winter in Flagstaff. President - The president of the Board presides at all meetings of the Board of Directors. Each year, members may elect a new board or move to a professional management association. If the Assessment and dues increase fails, and the HOA converts to Chapter 7, will the Lake Elaine lawsuit continue? Even more, we do all the work of the Deed Restriction for you! Payment $4,996 Price/Sq.Ft. Why dont we just sell the golf course to eliminate the large expense of deferred and ongoing maintenance? 3. Zillow has 3 homes for sale in 34785 matching Continental Country Club. 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 . Some of that is the result of limitations on the Associations revenues and on its ability to raise dues or impose special assessments. 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. Wildwood, FL 34785. More information on the voting process for residents of the neighborhood can be found at continentalflagstaff.com/the-voting-process-on-the-two-fees/. Staffed with talented and devoted professionals, Continental Country Club is among the area's best-rated public courses. 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. 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. Then starting in 2024, full members would owe an additional $97 for 2024, 2025 and 2026. Continental Golf Course Is CLOSED for the Season! The funds usually have strict criteria for how they are to be used. Fee: Continental Country Club HOA or Social Membership fee required. Homeowners have a duty to pay their annual dues and this holds true even while in a Chapter 11 reorganization. They are down to earth, fun-loving people that enjoy spending time together laughing over great food and refreshing drinks. 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. Contact ClubCorp for social membership dues questions: 623-742-6200 Download homeowners online payment guide. 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. 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. This discount allows members & guests to enjoy the lowest rates offered on our rack card. Instead it has chosen to walk away from its obligations through bankruptcy reorganization, creating a stigma impacting more than 2,500 Association members. The lake level has been falling because water is seeping out despite previous attempts to seal the lake bottom. 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! Were empathetic to those on fixed incomes, and offer payment plans to ease burdens. Continental Country Club.