By 2026, the annual dues increase will be $291. They don't want to claim for damages. 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. Email notifications are only sent once a day, and only if there are new matching items. The fee had been set to begin at the start of February, . Zillow has 3 homes for sale in 34785 matching Continental Country Club. Get up-to-the-minute news sent straight to your device. There has been much misinformation about the history of Lake Elaine and the ability to maintain lakes in this area. 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. Reorganization comes after decades of the Association kicking the can down the road. The question is why. The trustee is appointed to liquidate and pay, not operate. 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. Thank you to everyone who came out and play, we are looking forward to some exciting changes in-store for next year. Continental Country Club has 2,395 owners. 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. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. 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. Log in, Continental Country Club HOA in Flagstaff, AZ, Forest Highlands Golf Club HOA in Flagstaff, AZ, Railroad Springs Townhomes HOA in Flagstaff, AZ. If you are looking for our main website, click here. Quick Facts Getting Around Continental Country Club Continental Country Club Learn more about this neighborhood. If we pay the $2.5M now, were done forever, other than ongoing maintenance of the small ponds, according to Judge Ballinger. Dues increases and/or special assessment would have been necessary even if a professional management company was involved. 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. That's not true. 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. This area is served by the Sweetwater Union High attendance zone. The Continental Country Club in Flagstaff is bankrupt. For the most part, most of our Members should not be affected by this petition. 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. 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. The filing for Chapter 11 reorganization stays those fines. And it's free! He recalled clear statements in meeting minutes from Continentals board of directors meeting that the reserves were significantly inadequate back in 2014., There was no follow-through, and the reserves are still woefully inadequate, Nilsson said. Contrary to the Associations statements, a partial repair would cost nowhere near the millions of dollars suggested by the Association. There were several additions made in the 1970s. Are you looking for a great 55+ retirement community? This one-acre park, opened in 2013, includes a playground with a swing set and a picnic table. 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. Instead it has chosen to walk away from its obligations through bankruptcy reorganization, creating a stigma impacting more than 2,500 Association members. 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. They pay the full membership dues and receive the same benefits. What happens if 2 YES (APPROVE) for Special Assessment and Annual Dues Increase? Can I see a Reserve Study Summary of expenditures broken out by amenity? We will keep our facilities open and our employees will be working to ensure business as usual. More information on the voting process for residents of the neighborhood can be found at continentalflagstaff.com/the-voting-process-on-the-two-fees/. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). Under the option, it would deed the Lake Elaine footprint to the lakefront owners and provide them $2.5 million raised from the proposed $2,000 payments so that the Legionnaires can implement a smaller lake or any other solution the Lakefront Group determines is appropriate with the resources available, and thereafter, maintain such improvements as they deem fit with no further contribution from [Continental] or its broader membership., Based on their statement, the reason Continental wants to sever their responsibility for maintaining Lake Elaine has to do with their skepticism that a long-term, sustainable lake is possible. 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. Great Circle Media serves Flagstaff, Prescott, Sedona, and the surrounding areas with Northern Arizonas Best Radio Stations! View 17 homes in Continental Country Club listed under Lake, Marion, Sumter & West Orange Marina Golf Course Pet Friendly Waterfront 17 homes available Properties per Page Staffed with talented and devoted professionals, Continental Country Club is among the area's best-rated public courses. The intent in filing Chapter 11 Reorganization was to give CCC the opportunity to develop a reorganization plan and develop a solid financial footing for the future. Flagstaff City Championship Flyer But some lakefront residents on the other side of the legal battle have a different perspective. However, a Chapter 7 panel trustee would be appointed and all decisions regarding the operations of the HOA will be made by the Trustee. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. ", 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. 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. 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. 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. . Continental Country Club. Mo. 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. 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.. What is the process required to divest the HOA of Lake Elaine? The Continental Country Club in Flagstaff is bankrupt. . Below you can find information for the homeowners association including HOA fee includes, community features and amenities. 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 court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. 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. 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. 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! {{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. Payment $4,996 Price/Sq.Ft. There was a problem saving your notification. 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. Continental Country Club HOA is a community located in Flagstaff, AZ (Coconino County). The money for the signs was donated. 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. 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. Even more, we do all the work of the Deed Restriction for you! 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. This included an offer to complete a partial top-down repair to buy more time. Situated below Mount Elden in Flagstaff, AZ, the 18-hole championship golf course at Continental Country Club was designed by Bob E. Baldock. How do timeshares fit into the funding picture? Continental County Club has filed for Chapter 11 bankruptcy protection, but daily operations wont change. 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. Starting in 2024, associate members would owe an additional $63 for 2024, 2025, and 2026. After the October 30th preliminary ruling, the board studied and reviewed all possibilities, along with speaking with several professionals and our attorneys. Once that happens, and at the approval of the homeowners, selling the golf course is something that can be discussed. Subscribe to our Daily Headlines newsletter. 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.. Email notifications are only sent once a day, and only if there are new matching items. The association has said that any lake repair would cost millions of dollars. It has not been a normal winter in Flagstaff. 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? 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. HOA Fee Includes Flagstaff, Feb. 12, 2021 - Continental Country Club is a great place to live and provides many amenities for the broader community. But, in the 1990s, disaster struck. Continental has known about its financial challenges for years, even decades, but neglected to plan for or properly address them. Lake Elaine is not the reason for Continental Country Club's bankruptcy, it was only one of the straws to fall after years of what, in my opinion, is gross mismanagement.. Joining the Continental Country Club HOA is the easiest way to protect your propertys value! 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. 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. Even more, we do all the work of the Deed Restriction for you! Why are there currently some members paying different assessment rates? The availability of these amenities, whether used or not, makes CCC a desirable neighborhood and increases property values. 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. https://continentalflagstaff.com/motion-to-reject-1990-agreement-granted/. 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. 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! 27470 Jefferson Ave. Pizza making Mamma mia, we love this one! Why didnt the Board give us a warning that this was going to happen? 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. I dont golf. That would be within the discretion of the trustee. Is it possible to leave the HOA so we're not part of it? Wildwood, FL 34785. . What are we voting on, what is the timeline/details? Flagstaff, Feb. 12, 2021 Continental Country Club is a great place to live and provides many amenities for the broader community. No true repairs have been made to the Lake since 1994. You have permission to edit this article. 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. That's not what any of our folks want. There is a one-time special assessment of $2,000. Continental Golf Course Is CLOSED for the Season! Bronson Creek feeds into a wetland on the east side of the park; a paved trail provides access to the wetland. Our clubhouse is over 50 years old and the other amenities require maintenance and repair. What is the difference between Chapter 11 Reorganization and Bankruptcy? They are down to earth, fun-loving people that enjoy spending time together laughing over great food and refreshing drinks. Panda Express is expanding to east Flagstaff. Print Subscribe Was this page helpful? Reach him at
[email protected], on Twitter at @sean_golightly, or on Instagram at @golightly_writes. 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! 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. Our members are what makes the social membership so special. And its free! Deeper into Lake Elaine: Residents contend lake is not to blame for country clubs bankruptcy. Schedule: No open play during the off-season (Nov-Apr). We have compensated by charging usage fees and not giving golf discounts to those who do not pay the full amount. The Board approved a two-tier membership now known as Associate and Full Membership to account for the difference in assessment levels. The reorganization plan imposes a one-time special assessment of $2,000. 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. 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. 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. Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. 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. Is there money set aside for the management of the HOA & enforcement of CC&Rs? Becoming a member at Continental Country Club is an investment in yourself, your family and your future. The funds usually have strict criteria for how they are to be used. Continental Country Club Listings. There are many types of townhomes available from $300,000 - $500,000. Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. 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. to fines, and Continental Country Club HOA reserves the right to require restoration of the property to its prior condition. Based on the HOAs rules, those fees can only be raised by a two-thirds vote by all members. The obligation to pay dues at least at their current level runs with the land. If I haven't yet paid my annual dues, will they still have to be paid? The community is gated, includes 24/7 security and even allows pets. The Lakeside Homeowners would lose as much as any other owner would if the bankruptcy ended in a liquidation.. Not necessarily. The question is why. All owners of lots subject to the declaration are required to be members of Continental Country Club, Inc., per the recorded declaration. 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. The Continental Country Club constructed Lake Elaine back in the 1970s. The lake level has been falling because water is seeping out despite previous attempts to seal the lake bottom. Four Star Homes has Properties in Adult, Family, and Senior Communities throughout Central Florida. Held says the bankruptcy wont close the golf course or force any layoffs and daily operations will go on as normal. At the time of the study, Continentals reserve balance was $54,291. Membership in Continental is a result of home ownership. Held says the work would take time and millions of dollars. Now, it has turned to owners for funding. This includes CC&Rs enforcement on the property, common area maintenance, amenities access and social activities. By the end of the year, they expected they could get that number to $125,000. The Board President of the Homeowners Association of Continental Country Club in Flagstaff, . Are you looking for a great restaurant? Contact ClubCorp for social membership dues questions: 623-742-6200 Download homeowners online payment guide. A July 14 article for the Arizona Daily Sun explored the issue through testimony from management of the country. How does the Chapter 11 filing affect me as a Continental Country Club Member? These homeowners - the "Class" - believe that the Association has options to address its financial challenges. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. Then, you've come to the right place. Search And Rescue Crews Tended To An Injured Hiker On Mt. He said the HOA has several other significant expenses and issues that have prevented it from properly facing those issues. If the Assessment and dues increase fails, and the HOA converts to Chapter 7, will the Lake Elaine lawsuit continue? 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. 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. Court testimony confirmed what the Class already knew: The Lake holds water and can be fixed. Court reservations required. President - The president of the Board presides at all meetings of the Board of Directors. 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 . Below you can find information for the homeowners association including HOA fee includes, community features and amenities. The Wyndham Timeshares (125 units) are Full Members of Continental just like all other owners. 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. Lease Details & Fees Details Property Information 78 units/1 story Location 445 Orange Ave , Chula Vista , CA 91911 Get Directions This Property Available Property Flyer Link. 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. 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. The . They want the lake fixed, Bliss said. There was a problem saving your notification. Homeowners have a duty to pay their annual dues and this holds true even while in a Chapter 11 reorganization. Can we just abandon the property? We also have aging facilities that require upkeep with an insignificant amount of reserves. A big vote is underway at Continental Country Club in East Flagstaff. 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. 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. Raising dues and increasing assessments is an important step to funding the reserves, Cohen's statement said. Fee: Continental Country Club HOA or Social Membership fee required. Quite honestly, I can't imagine a professional management company letting this happen. 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. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! Background: How did we get in this situation regarding Lake Elaine and the Bankruptcy? This option would release the Association from, Option #2 would be to spend that $2.5 million and create the new amenity. Continental Country Club HOA is a community located in Chula Vista, CA (San Diego County). 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.
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