Then, you've come to the right place. But the residents involved in the class action suit believe repairing the lake isn't nearly that expensive. In November, the chain announced the first CFC would be built in Monroe, OH, near its home base of Cincinnati. It bolstered the property values of homes located on the waterfront and was a gorgeous sight to see. First used to store water for the golf course, Lake Elaine is now only aesthetic, but has been leaking water for decades. The community is gated, includes 24/7 security and even allows pets. We do support the vote for the additional funds for the homeowners association.. In a Chapter 7 does the HOA remain in place? Continental has known about its financial challenges for years, even decades, but neglected to plan for or properly address them. Payment $4,996 Price/Sq.Ft. . 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. In their statement, they note that lakefront homeowners have been very willing to work with [Continental] to negotiate a creative solution that would allow for repair of the lake as part of a holistic approach to address [Continentals] broad financial challenges., In their opinion, Continental has refused to meet them halfway and has tried to use the bankruptcy process to block enforcement of the 1990 Settlement Judgment and the 2020 contempt ruling., Lakeside Homeowners attempted to negotiate flexible options allowing for repair of the lake over time, the Legionnaire statement reads. 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. If I havent yet paid my annual dues, will they still have to be paid? 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. 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. If we had hired a professional HOA management team a few years ago, could we have avoided all this? and review fee to: Continental Country Club Architectural Control Committee 2380 N. Oakmont Dr. Flagstaff, AZ 86004 Front Rear Sides Lakeside Acres I 25 25 1) 25 Lakeside Acres II & III 20 20 10 Print Subscribe Was this page helpful? Give Us A Call: 1-888-452-6595. 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. Yes, there is nothing inherent in Chapter 7 that dissolves the HOA. Continental Country Club HOA is a community located in Chula Vista, CA (San Diego County). Continental Country Club home prices vary from luxury homes to more affordable homes that might be perfect for first-time buyers. Why are there currently some members paying different assessment rates? That fee would drop to $500 if the HOA begins refilling the lake and continue until it is full. The special assessment can be paid over two years with eight (8) quarterly payments of $261 (which includes 5% interest). If I haven't yet paid my annual dues, will they still have to be paid? Back then, the increase had to be approved in each single-family subdivision. The Villages, FL 32162 Directions. How much are you paying for these signs Im seeing, and this PR firm? Continental Country Club. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. 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. There was a problem saving your notification. This included an offer to complete a partial top-down repair to buy more time. An HOA faces bankruptcy because of its man-made lake. *Country Club Homeowners: This amount is for quarterly dues only and is separate from mandatory social membership dues. 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. 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. At the time, it was an asset to the HOA. The first payment would be due the same day as the due date for the special assessment. A filing for Bankruptcy can take many forms, including a Chapter 11 Reorganization. The following is a statement from Lakeside Homeowners At Continental: Continental Country Clubs Financial Challenges Result From Failure to Plan and Confront Obligations. 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. Thank you to everyone who came out and play, we are looking forward to some exciting changes in-store for next year. Sign up for our newsletter to keep reading. How does the Chapter 11 filing affect me as a Continental Country Club Member? In 2006 Continental Country Club succeeded in unifying (11) different sets of CC&Rs for individual single-family subdivisions. A Flagstaff man is behind bars, charged with aggravated DUI and kidnapping. That resulted in two levels. 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. 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.. Continental owns and maintains the Walnut Canyon Lakes, and the Associations own experts have testified that Lake Elaine can be repaired. Ballots go out June 28th, and need to be mailed or returned in-person, Owners who do not return an absentee ballot will be allowed to vote in person at July 30th special meeting, We must reach 60% of quorum (or participation of homeowners in the vote), 2/3 of those voting must vote yes on BOTH ballots for it to be approved, Results announced in special meeting of the members on Saturday, July 30th. What happens if we vote NO (DO NOT APPROVE) or dont meet the quorum requirement after two tries? I just see that as being poorly managed, Penoff said. All owners of lots subject to the declaration are required to be members of Continental Country Club, Inc., per the recorded declaration. 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. There are a lot of different options when it comes to housing in Continental Country Club. Becoming a member at Continental Country Club is an investment in yourself, your family and your future. Main: (928) 526-5125Oakmont: (928) 526-7990Golf Shop: (928) 527-7997Bear Paw: (928) 522-1588, 2023 CONTINENTAL COUNTRY CLUB ALL RIGHTS RESERVED. Please subscribe to keep reading. They are down to earth, fun-loving people that enjoy spending time together laughing over great food and refreshing drinks. 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. This community dates back to 1975 and has continued to develop over the years. Log in, Continental Country Club HOA Chula Vista, CA, Alicante at San Miguel Ranch HOA Chula Vista, CA. The benefits are endless and your experiences will last a lifetime. 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. The Continental Country Club constructed Lake Elaine back in the 1970s. Chapter 11 Reorganization | FAQ | Communication with Members | Court Motions & Hearings | Media Announcements. That fee would drop to $500 if the HOA begins refilling the lake, and continue until it is full. 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. Why are there currently some members paying different assessment rates? . 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. All Single-Family homes governed by the CC&Rs are obligated to pay an annual lot assessment. The Ferraro Groups contract and the previous Cindy May Marketing contract are for the same amount. For the most part, most of our Members should not be affected by this petition. https://continentalflagstaff.com/motion-to-reject-1990-agreement-granted/. Continental Country Club Listings. The Continental Country Club course is filled with par 3s and par 5s, offers beautiful mountain views and a friendly, neighborhood environment. $273 Buyer's Agent Commission 2.5% Street View Directions Ask Redfin Agent Cody a Question Cody Bauer Flagstaff Redfin Agent 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? Still, Chapter 7 and the liquidation of assets that would follow are by no means in Continentals interests. 219 4. Our main desire is for members and guests, alike, to have a memorable golfing experience. More information on the voting process for residents of the neighborhood can be found at continentalflagstaff.com/the-voting-process-on-the-two-fees/. We have compensated by charging usage fees and not giving golf discounts to those who do not pay the full amount. 3. Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. 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. 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. Its those reasons why the Club went into Chapter 11 bankruptcy in February of 2021. 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. Our members are what makes the social membership so special. The January newsletter provided to homeowners did reference that bankruptcy was an option that was being considered. HOA Documents Articles of Incorporation CC&Rs Bylaws Membership Policies Why am I paying for amenities I dont use? President - The president of the Board presides at all meetings of the Board of Directors. The Board approved a two-tier membership now known as Associate and Full Membership to account for the difference in assessment levels. Bliss said the HOA also has lots of deferred maintenance fees, while also having some of the lowest member fees in the state. Here are the top City of Flagstaff stories from 2022. 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. Search And Rescue Crews Tended To An Injured Hiker On Mt. 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. 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 failure to plan by the association, the failure to reserve funds, have really put the association in a tough spot.. 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. By 2026, the annual dues increase will be $189. But Bliss also took issue with the HOAs suggestion that the issue over Lake Elaine was the primary cause of the bankruptcy. Sean Golightly reports on the environment and the city of Flagstaff. It is difficult to predict how the trustee will act, but generally speaking trustees wind up operations quickly after appointment and liquidate assets as fast as possible. The Lake Elaine lawsuit was based on a 1990 Amended Judgement and Settlement that was rejected by the bankruptcy court earlier this year. Based on the HOAs rules, those fees can only be raised by a two-thirds vote by all members. Quite honestly, I can't imagine a professional management company letting this happen. What about the special assessment or other fees? Board Members for Continental Country Club Ro: Title Name Mailing Address Location; Dire . 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. Then starting in 2024, full members would owe an additional $97 for 2024, 2025 and 2026. 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. 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! 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 . There are approximately 1,360 single-family homes (in addition to 1,030 townhouses, condos, and timeshares) within the Continental Country Club Homeowners Association. A future owner of your home may find golf or the other amenities appealing. {{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. Now, the HOA faces bankruptcy if it can't come up with $2.5 million. Is it possible to leave the HOA so we're not part of it? When were the clubhouse and clubhouse pool built? Staffed with talented and devoted professionals, Continental Country Club is among the area's best-rated public courses. Is it possible to leave the HOA so we're not part of it? One that was, you know, competent., Financial mismanagement reaches further back than the 2020 study, said resident John Nilsson. 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 work and fines until the lake was filled amounted to a lot of money that our Association does not have. Four Star Homes has Properties in Adult, Family, and Senior Communities throughout Central Florida. They want the lake fixed, Bliss said. Continental Country Club is a neighborhood in Wildwood, Florida. continental country club hoa fees. The Continental Country Club in Flagstaff is bankrupt. Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. The funds usually have strict criteria for how they are to be used. 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. Learn More on our tournaments page. 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. . Will there be a special assessment to help cover some of the debts? Continental Country Clubs HOA files for Chapter 11 bankruptcy. The fee had been set to begin at the start of February, . 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. Each year, members may elect a new board or move to a professional management association. Joining the Continental Country Club HOA is the easiest way to protect your property's value! Even more, we do all the work of the Deed Restriction for you! The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. CCC also had a balloon payment due in October, for $600,000. Can I see a Reserve Study Summary of expenditures broken out by amenity? That's not true. The Associations responsibility to maintain Lake Elaine has been well established for decades based on a 1990 court-ordered Judgment that the Coconino County Superior Court upheld in October of 2020 following nearly four years of litigation, including multiple attempts at mediation and a weeklong hearing. The Continental CC course can host up to 144 golfers at a time with a shot gun start. The . 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. However, even if we cant use amenities, were still required to pay annual lot assessment fees even when unable to use amenities. In their amended disclosure statement, the Legionnaires claim the trouble with Lake Elaine is not that its impossible to maintain, but that the Association [Continental] has simply failed to perform any real repair or maintenance of the Lake for nearly 30 years. They say their perspective was upheld in 2020 by the courts, noting that [Continental] argued then, and argues now, that it does not have enough money to fund Lake Elaine repair, but that did not persuade the Coconino Superior Court, which concluded that the Association knew it had a responsibility to maintain the lake but failed to do so. There are condominiums, big and small, that you can purchase in the $180,000 - $300,000 price range. If Option B is selected, the redesign will be the Associations responsibility. There are constant ongoing repairs and improvements required for these assets that must be addressed. Will there be an increase to my annual assessment? What is the process required to divest the HOA of Lake Elaine? The Trustee is charged with maximizing distributions to creditors. ", 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. 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. A big vote is underway at Continental Country Club in East Flagstaff. Continental Country Club mostly features cozy homes that are very reasonably priced. The question is why. The truth is that the Association has simply failed to perform any real repair or maintenance of the Lake for 27 years now.