continental country club hoa fees

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. Still, Chapter 7 and the liquidation of assets that would follow are by no means in Continentals interests. Without an additional court order, the Trustee steps into the Debtors shoes and inherits any and all land restrictions, encumbrances, etc. At the time, it was an asset to the HOA. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. All Single-Family homes governed by the CC&Rs are obligated to pay an annual lot assessment. 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/. By 2026, the annual dues increase will be $189. 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. 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. Reserve your next round of golf with our quick and convenient online booking engine. If we convert to Chapter 7, the HOA cannot be sued by Lake Elaine property owners or any other entity. If we had hired a professional HOA management team a few years ago, could we have avoided all this? Flyer Link. Based on the HOAs rules, those fees can only be raised by a two-thirds vote by all members. 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. Continental Country Club HOA in Flagstaff, AZ - HOA Resource There were several additions made in the 1970s. The money for the signs was donated. 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. What date did this filing for Chapter 11 Reorganization take effect? 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. 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. This anomaly resulted in 1994. Voting to approve these additional funds ends July 28. 2380 N Oakmont Dr If the plan is approved, Murray says there are two options that can be done with the land. Now, the association is asking homeowners to vote to approve two items a one-time fee and an increase in annual dues. The following is a statement from Lakeside Homeowners At Continental: Continental Country Clubs Financial Challenges Result From Failure to Plan and Confront Obligations. 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. One that was, you know, competent., Financial mismanagement reaches further back than the 2020 study, said resident John Nilsson. 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. 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. 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. There has been much misinformation about the history of Lake Elaine and the ability to maintain lakes in this area. 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. Zillow has 3 homes for sale in 34785 matching Continental Country Club. He is a big sweetheart but a little too rough for my Pygmy Goats. The benefits are endless and your experiences will last a lifetime. But Bliss also took issue with the HOAs suggestion that the issue over Lake Elaine was the primary cause of the bankruptcy. 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. Continental Country Club HOA Chula Vista, CA Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. The restrictions contained in a declaration are covenants that run with the land and cannot be terminated by the owner. The Board President of the Homeowners Association of Continental Country Club in Flagstaff, . 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. https://continentalflagstaff.com/fee-schedule-to-support-the-reorganization-plan/. Beyond the potential Lake Elaine obligations, we have a 50-year-old building, and numerous amenities. Continental Country Club HOA in Chula Vista, CA This option would release the Association from, Option #2 would be to spend that $2.5 million and create the new amenity. 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 Lakeside Homeowners would lose as much as any other owner would if the bankruptcy ended in a liquidation.. Not only did the reserve study show that Continental had some monumental expenses coming up including a $600,000 balloon payment due in 2021 but that to reach a recommended level of roughly $5 million in reserve funds by 2050, Continental would have to start making massive annual contributions to the fund ranging between $310,000 and $1 million a year. This filing allows Continental and its homeowners the chance for a fresh start so we can best address several issues, Held said. Email notifications are only sent once a day, and only if there are new matching items. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). Flagstaff, AZ Golf | Continental Country Club Flagstaff, Feb. 12, 2021 Continental Country Club is a great place to live and provides many amenities for the broader community. 4927 E Mount Pleasant Dr, Flagstaff, AZ 86004 - Redfin Background: How did we get in this situation regarding Lake Elaine and the Bankruptcy? Please notify the Association in writing prior to the special assessment due date if interested in the payment plan, The timing for implementing the reorganization plan depends on the association receiving the funds when they are due, thus the 5% interest charge. Continental Country Club - 78 Spaces is an apartment community located in San Diego County and the 91911 ZIP Code. From AU$247 per night on Tripadvisor: Starlight Lodge at Rockport Harbor, Rockport. There are constant ongoing repairs and improvements required for these assets that must be addressed. Can we just abandon the property? 4530 Red Fox Ln, Flagstaff, AZ 86004 | MLS# 192424 | Redfin 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. This included signage, team captain materials and t-shirts. Our clubhouse is over 50 years old and the other amenities require maintenance and repair. 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. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. 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.. Membership - Continental Country Club Deeper into Lake Elaine: Residents contend lake is not to blame for country clubs bankruptcy. 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.. 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? An automatic stay is a provision in the bankruptcy law that temporarily prevents creditors, collections agencies, government entities, and individuals from pursuing Continental for amounts owed. Schedule: No open play during the off-season (Nov-Apr). 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. Sign up for our newsletter to keep reading. . . Continental Country Club mostly features cozy homes that are very reasonably priced. They don't want to claim for damages. Are you looking for a great restaurant? Flagstaff, AZ 86004, Call Continental Country Club at (928) 526-5125, on our EZLinks tee times page in a new tab. 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. Homeowners have a duty to pay their annual dues and this holds true even while in 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. However, a Chapter 7 panel trustee would be appointed and all decisions regarding the operations of the HOA will be made by the Trustee. 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. Sean Golightly reports on the environment and the city of Flagstaff. The Continental Country Club constructed Lake Elaine back in the 1970s. 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. 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. Bliss said the HOA also has lots of deferred maintenance fees, while also having some of the lowest member fees in the state. Board Members for Continental Country Club Ro: Title Name Mailing Address Location; Dire . HOA Legal Name: CONTINENTAL COUNTRY CLUB, INC. Reserve funds are used for large projects such as replacements or repairs within the homeowners association. Subscribe to our Daily Headlines newsletter. Continental Country Club Who are the members of CCC? Joining the Continental Country Club HOA is the easiest way to protect your propertys value! The question is why. Payment $4,996 Price/Sq.Ft. https://continentalflagstaff.com/what-if-our-members-dont-approve/. Lease Details & Fees Details Property Information 78 units/1 story Location 445 Orange Ave , Chula Vista , CA 91911 Get Directions This Property Available Property More information on the voting process for residents of the neighborhood can be found at continentalflagstaff.com/the-voting-process-on-the-two-fees/. 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. 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 court ruled in October the man-made lake must be repaired and the association would be fined $700 a day until work started, then lowered to $500 a day until work was completed. A Flagstaff man is behind bars, charged with aggravated DUI and kidnapping. The original clubhouse was built in 1960. On this point, the Legionnaires agree. 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. 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. Get up-to-the-minute news sent straight to your device. Welcome to Anthem Community Council Continental Country Club - Eileen Taggart - Brokered by Exp Realty 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. What remains to be seen is whether Continental will get the votes they need to avoid Chapter 7, what will finally become of the contentious Lake Elaine,and whether the organization will be able to repair its financial situation in the long run. We also have aging facilities that require upkeep with an insignificant amount of reserves. . 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. You can cancel at any time. 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. Homes - Continental Country Club FL Selling the golf course is not legally a feasible option until we emerge from Chapter 11 bankruptcy. Continental Country Club HOA is a community located in Chula Vista, CA (San Diego County). Continental Country Club filed a Chapter 11 Petition for Bankruptcy Protection on Tuesday, February 9th, 2021 in the U.S. Bankruptcy Court in the District of Arizona. If Option B is selected, the redesign will be the Associations responsibility. She says, option one is deeding the property over to the Lake Elaine Homeowners and giving a lump sum payout of $2.5-million for them to be able to do an improvement on the lake as to what they would like, or option two is taking the $2.5-million and us creating a new amenity, which has four-to-five ponds, walking trails and benches which is open to all of the homeowners. Absentee ballots are due at the clubhouse by Thursday at 5 p.m., or residents can vote in person Saturday morning at 9 a.m. at Sinagua Middle School, where the vote count will take place. That resulted in two levels. Panda Express is expanding to east Flagstaff. Raising dues and increasing assessments is an important step to funding the reserves, Cohen's statement said. Log in, Continental Country Club HOA Chula Vista, CA, Alicante at San Miguel Ranch HOA 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. Continental County Club has filed for Chapter 11 bankruptcy protection, but daily operations wont change. Instead it has chosen to walk away from its obligations through bankruptcy reorganization, creating a stigma impacting more than 2,500 Association members. 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. 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! Please subscribe to keep reading. We are located on St Rte 44 just 2.5 miles east of Brownwood 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. There is a one-time special assessment of $2,000. Continental Country Club. The Lake Elaine lawsuit was based on a 1990 Amended Judgement and Settlement that was rejected by the bankruptcy court earlier this year. President - The president of the Board presides at all meetings of the Board of Directors. Get up-to-the-minute news sent straight to your device. Continental Country Club | Continental Country Club Mobile Homes Staffed with talented and devoted professionals, Continental Country Club is among the area's best-rated public courses. *Country Club Homeowners: This amount is for quarterly dues only and is separate from mandatory social membership dues. . Is it possible to leave the HOA so we're not part of it? Option #1 would be to deed the land to the 52 lakefront owners and pay them $2.5 million to repair and maintain the lake in perpetuity. 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. 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. Reach him at sgolightly@azdailysun.com, on Twitter at @sean_golightly, or on Instagram at @golightly_writes. Hobby Shop Temecula - kbstricks.it The trustee is appointed to liquidate and pay, not operate. If you are looking for our main website, click here. Continental Country Club Files For Chapter 11 Bankruptcy, Will Stay The perceived pattern of mismanagement plays into the perspective put forward in court by the suing class of lakefront homeowners the Lakeside Legionnaires as they call themselves. Tripadvisor Rockport Maine2 mi$$ - $$$ American Seafood Grill Arizona HOA Faces Bankruptcy Over Man-Made Lake Continental is responsible for those owners access to amenities and common area maintenance. Other factors include a $600-thousand balloon payment coming due on a loan that was taken out in 2011 to complete installation of a new irrigation system on the course, and additional costs far exceeded the revenue generated by HOA fees. 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. In a Chapter 7 does the HOA remain in place? By the end of the year, they expected they could get that number to $125,000. Yes, there is nothing inherent in Chapter 7 that dissolves the HOA. The Wyndham Timeshares (125 units) are Full Members of Continental just like all other owners. The remaining properties consist of Townhomes, Condos and timeshares. So, we either pay the known $2.5 million now, or pay more later up to the $15 million? It has not been a normal winter in Flagstaff. 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. What happens if 2 YES (APPROVE) for Special Assessment and Annual Dues Increase? Why am I paying for amenities I dont use? Cont Country Club HOA Flagstaff, AZ - HOA Community 50 Continental Blvd. 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. We do support the vote for the additional funds for the homeowners association.. They are down to earth, fun-loving people that enjoy spending time together laughing over great food and refreshing drinks. 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? The fee had been set to begin at the start of February, but due to the bankruptcy, it has been put on hold. When will we know about the timing and amount of any assessments that will be needed? 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! lbdoe.bluebeard.best Continental Country Club Homeowners Association, Wildwood Florida The Ferraro Groups contract and the previous Cindy May Marketing contract are for the same amount. 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. Why did the Board decide to take this step now? It bolstered the property values of homes located on the waterfront and was a gorgeous sight to see. 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. Why dont we just sell the golf course to eliminate the large expense of deferred and ongoing maintenance? The work and fines until the lake was filled amounted to a lot of money that our Association does not have. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. What is the process required to divest the HOA of Lake Elaine? 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. These homeowners are known as Associate members. Posted about 2 hours ago $2,950 / 3br - 1145ft2 - Beautifully remodeled 3bed,2bath in Green Mountain home!1 WEEK FREE* (461 S. $3,875 / 1br - 682ft 2 - One bedroom home with vaulted ceiling and balcony . The availability of these amenities, whether used or not, makes CCC a desirable neighborhood and increases property values. 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.. In the mean time the proshop will still be open Tuesday- Saturday 9am-4pm. One thing to remember, you will be required to pay additional Home Owner . Continental Country Club - 34785 Real Estate - 3 Homes For Sale - Zillow That's not what any of our folks want. Main: (928) 526-5125Oakmont: (928) 526-7990Golf Shop: (928) 527-7997Bear Paw: (928) 522-1588, 2023 CONTINENTAL COUNTRY CLUB ALL RIGHTS RESERVED. 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. Continental Country Club Homes for Sale - Best Flagstaff Homes Why are there currently some members paying different assessment rates? There are many unknowns associated with a conversion to Chapter 7. https://continentalflagstaff.com/motion-to-reject-1990-agreement-granted/. Home - Continental Country Club FL Is it possible to leave the HOA so we're not part of it? 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 - Wildwood, FL Homes for Sale & Real Estate Mo. Continental Country Club - 78 Spaces - Apartments.com Held says the work would take time and millions of dollars. 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. 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. The Board approved a two-tier membership now known as Associate and Full Membership to account for the difference in assessment levels. Flagstaff City Championship Flyer Continental Country Club Homeowners Association, Flagstaff AZ - HOA 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. Search And Rescue Crews Tended To An Injured Hiker On Mt. There was a problem saving your notification. 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. 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. 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. In 2006 Continental Country Club succeeded in unifying (11) different sets of CC&Rs for individual single-family subdivisions.

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