continental country club hoa fees

Its those reasons why the Club went into Chapter 11 bankruptcy in February of 2021. No true repairs have been made to the Lake since 1994. But some lakefront residents on the other side of the legal battle have a different perspective. The Social Membership is ideal for those living in the area that desire a place to enjoy the company of family and friends and meet other members of their community. (link to message). continental country club hoa fees. Get up-to-the-minute news sent straight to your device. At the beginning of the Chapter 11 process, we explained that values may be negatively affected. Who owns the property Lake Elaine is on and who is responsible for its redevelopment and construction? By 2026, the annual dues increase will be $189. Will all country club members be allowed on the new redeveloped lake? There are constant ongoing repairs and improvements required for these assets that must be addressed. The Continental CC course can host up to 144 golfers at a time with a shot gun start. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. Now, it has turned to owners for funding. Four Star Homes has Properties in Adult, Family, and Senior Communities throughout Central Florida. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). The issues we are dealing with today began 30 years ago and the current board wasnt a part of. Subscribe to our Daily Headlines newsletter. 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. Continental Country Club. These membership tiers are subdivision specific. The CC&Rs govern 1,210 single family homes. The criteria is based on the HOA community rules and regulations, bylaws and accountability. The question is why. Is there money set aside for the management of the HOA & enforcement of CC&Rs? They pay the full membership dues and receive the same benefits. 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. 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. 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. The . 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! A future owner of your home may find golf or the other amenities appealing. Staffed with talented and devoted professionals, Continental Country Club is among the area's best-rated public courses. The special assessment can be paid over two years with eight (8) quarterly payments of $261 (which includes 5% interest). Held says the bankruptcy wont close the golf course or force any layoffs and daily operations will go on as normal. *Country Club Homeowners: This amount is for quarterly dues only and is separate from mandatory social membership dues. 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. Trees are falling in Flagstaff and have been compromised as a result of recent winter storms. 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. 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. Each year, members may elect a new board or move to a professional management association. At Continental, you are more than a member; you are part of the family. Print Subscribe Was this page helpful? Please subscribe to keep reading. 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 HOA is a community located in Flagstaff, AZ (Coconino County). The reorganization plan imposes an increase to our annual assessment that will be phased in over three years beginning in 2024. 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. 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. If Option A is selected from the Amended Disclosure (not expected) then the property will be deeded to the Lake Elaine Owners and become, If Option B is selected, the redesign trails and ponds will be the responsibility of the Association and. The 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? For every four gallons of water that is pumped into the lake each day, three gallons are lost to seepage into the ground. Homeowners have a duty to pay their annual dues and this holds true even while in a Chapter 11 reorganization. There has been much misinformation about the history of Lake Elaine and the ability to maintain lakes in this area. If APPROVED and Option A is selected, then the property will be deeded to the Lake Elaine owners. Two yeses mean $2.5M goes to either Option 1 or 2 as determined by creditors. 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. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. Bronson Creek feeds into a wetland on the east side of the park; a paved trail provides access to the wetland. 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. Flagstaff City Championship Flyer That resulted in two levels. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. 50 Continental Blvd. The Kroger Co. It is not true that the Lakeside Homeowners want to bankrupt [Continental], the Legionnaire statement says. There are approximately 1,360 single-family homes (in addition to 1,030 townhouses, condos, and timeshares) within the Continental Country Club Homeowners Association. What date did this filing for Chapter 11 Reorganization take effect? 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. 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. These homeowners the Class believe that the Association has options to address its financial challenges. Continental Country Club Who are the members of CCC? Email notifications are only sent once a day, and only if there are new matching items. This includes CC&Rs enforcement on the property, common area maintenance, amenities access and social activities. 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. Home to one of the best-rated public golf courses in Flagstaff, AZ. 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. 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 following is a statement from Lakeside Homeowners At Continental: Continental Country Clubs Financial Challenges Result From Failure to Plan and Confront Obligations. Then, you've come to the right place. Chapter 11 Reorganization | FAQ | Communication with Members | Court Motions & Hearings | Media Announcements. 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. Come see us today! Mo. 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. 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. If the plan is approved, Murray says there are two options that can be done with the land. They don't want to claim for damages. And its free! 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. Voting to approve these additional funds ends July 28. 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. A 2019 report from engineering firm Terracon evaluated that the lower lake elevation would have relative stability. The same report concluded, however, that any plan should include the eventual replacement of the liner below this elevation., Outlined in their amended disclosure statement, Continental has included a small lake option in its plan to emerge from bankruptcy, but with one caveat: the club no longer want to be responsible for maintaining the lake. . There are many unknowns associated with a conversion to Chapter 7. When will we know about the timing and amount of any assessments that will be needed? 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/. Zillow has 3 homes for sale in 34785 matching Continental Country Club. Continental Country Club HOA is a community located in Chula Vista, CA (San Diego County). Is it possible to leave the HOA so we're not part of it? 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. I dont golf. 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. For the good of our residents and those who enjoy our facilities, it was time to take action.. Lease Details & Fees Details Property Information 78 units/1 story Location 445 Orange Ave , Chula Vista , CA 91911 Get Directions This Property Available Property 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? Raising dues and increasing assessments is an important step to funding the reserves, Cohen's statement said. 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. Sean Golightly reports on the environment and the city of Flagstaff. 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. Continental Country Club is a neighborhood in Wildwood, Florida. However, a Chapter 7 panel trustee would be appointed and all decisions regarding the operations of the HOA will be made by the Trustee. This community dates back to 1975 and has continued to develop over the years. The Lakeside Homeowners would lose as much as any other owner would if the bankruptcy ended in a liquidation.. 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 . 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. Thank you to everyone who came out and play, we are looking forward to some exciting changes in-store for next year. The costs are too much of a burden for members on a fixed income? 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 . Continental has known about its financial challenges for years, even decades, but neglected to plan for or properly address them. . 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! The original clubhouse was built in 1960. Round Table Discussions will be held on every, We will also be having Town Hall Meetings for everyone who is interested in attending. 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. A Flagstaff man is behind bars, charged with aggravated DUI and kidnapping. But, in the 1990s, disaster struck. Contrary to the Associations statements, a partial repair would cost nowhere near the millions of dollars suggested by the Association. 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. The Trustee is charged with maximizing distributions to creditors. Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. At the time, it was an asset to the HOA. The Continental Country Club constructed Lake Elaine back in the 1970s. John Held, president of the board of directors for the country club sent out a letter Wednesday announcing the boards decision and the reasons why. Continental Golf Course Is CLOSED for the Season! 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. 219 4. 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. This discount allows members & guests to enjoy the lowest rates offered on our rack card. 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 Flyer Link. 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. 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. 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 Now, the association is asking homeowners to vote to approve two items a one-time fee and an increase in annual dues. Fee: Continental Country Club HOA or Social Membership fee required. 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. 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. If we pay the $2.5M now, were done forever, other than ongoing maintenance of the small ponds, according to Judge Ballinger. 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. 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 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. Why dont we just sell the golf course to eliminate the large expense of deferred and ongoing maintenance? 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. When were the clubhouse and clubhouse pool built? The amount of a one-time special assessment and annual dues increases has been discussed earlier in this section as well as in several Things to Know messages. Buying a new home in the Continental area? Quick Facts Getting Around Continental Country Club Continental Country Club Learn more about this neighborhood. COMMUNITY TYPE: RESIDENTIAL SFH COMMUNITY LEGAL NAME: CONTINENTAL COUNTRY CLUB R.O., INC. ALSO KNOWN AS: CONTINENTAL COUNTRY CLUB TYPE OF CORPORATION: DOMNP ORIGINAL CORPORATION FILING DATE: 05221989 COMMUNITY ID NUMBER: N32426 Sign up for our newsletter to keep reading. Helly Hansen Active Winter sulejope UUS! application fee details: $55 app fee online at our website bishoprealtygrp. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. 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. There are condominiums, big and small, that you can purchase in the $180,000 - $300,000 price range. Then starting in 2024, full members would owe an additional $97 for 2024, 2025 and 2026. 3. 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. How do timeshares fit into the funding picture? The lake level has been falling because water is seeping out despite previous attempts to seal the lake bottom. Our main desire is for members and guests, alike, to have a memorable golfing experience. But the residents involved in the class action suit believe repairing the lake isn't nearly that expensive. Some of that is the result of limitations on the Associations revenues and on its ability to raise dues or impose special assessments. The required work would require Engineers, Contractors, and time. This area is served by the Sweetwater Union High attendance zone. 2380 N Oakmont Dr The failure to plan by the association, the failure to reserve funds, have really put the association in a tough spot.. . 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. CCC also had a balloon payment due in October, for $600,000. 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. Copyright 2023 Continental Country Club FL All Rights Reserved. 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. 150 Saab tingida. The fee had been set to begin at the start of February, . In some cases, these problems predate the current board by years, if not decades. HOA Legal Name: CONTINENTAL COUNTRY CLUB, INC. Reserve funds are used for large projects such as replacements or repairs within the homeowners association.