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.. 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. The availability of these amenities, whether used or not, makes CCC a desirable neighborhood and increases property values. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. 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. Unfortunately, this was the only possible conclusion, and once decided, needed to be acted upon quickly. That fee would drop to $500 if the HOA begins refilling the lake and continue until it is full. 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. 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. 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. After the October 30th preliminary ruling, the board studied and reviewed all possibilities, along with speaking with several professionals and our attorneys. Come see us today! https://continentalflagstaff.com/motion-to-reject-1990-agreement-granted/. HOA Fee Includes That would be within the discretion of the trustee. Log in, Continental Country Club HOA in Flagstaff, AZ, Forest Highlands Golf Club HOA in Flagstaff, AZ, Railroad Springs Townhomes HOA in Flagstaff, AZ. 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. junio 12, 2022. jonah bobo 2005 . Even more, we do all the work of the Deed Restriction for you! Continental Country Club HOA is a community located in Flagstaff, AZ (Coconino County). They don't want to claim for damages. 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. Is there money set aside for the management of the HOA & enforcement of CC&Rs? The fee had been set to begin at the start of February, but due to the bankruptcy, it has been put on hold. In the mean time the proshop will still be open Tuesday- Saturday 9am-4pm. When were the clubhouse and clubhouse pool built? Flagstaff, Feb. 12, 2021 Continental Country Club is a great place to live and provides many amenities for the broader community. You can cancel at any time. There were several additions made in the 1970s. 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. Schedule: No open play during the off-season (Nov-Apr). The . Here are the top City of Flagstaff stories from 2022. 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. 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 Subscribe to our Daily Headlines newsletter. If it is to be divested, it must be accepted by a third party. Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). There are condominiums, big and small, that you can purchase in the $180,000 - $300,000 price range. HOA Legal Name: CONTINENTAL COUNTRY CLUB R.O., INC. . Buying a new home in the Continental area? 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. But Bliss also took issue with the HOAs suggestion that the issue over Lake Elaine was the primary cause of the bankruptcy. I dont golf. 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. 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. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. I just see that as being poorly managed, Penoff said. If the Assessment and dues increase fails, and the HOA converts to Chapter 7, will the Lake Elaine lawsuit continue? Are the fines associated with the October 2020 preliminary ruling being assessed currently? You can cancel at any time. Will there be an increase to my annual assessment? Reserve your next round of golf with our quick and convenient online booking engine. To him, the results of this 2020 study were disturbing.. The following is a statement from Lakeside Homeowners At Continental: Continental Country Clubs Financial Challenges Result From Failure to Plan and Confront Obligations. 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 failure to plan by the association, the failure to reserve funds, have really put the association in a tough spot.. These homeowners are known as Associate members. Thank you to everyone who came out and play, we are looking forward to some exciting changes in-store for next year. This includes CC&Rs enforcement on the property, common area maintenance, amenities access and social activities. So, we either pay the known $2.5 million now, or pay more later up to the $15 million? The funds usually have strict criteria for how they are to be used. 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. 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. 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. Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. 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.. 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. 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. From AU$247 per night on Tripadvisor: Starlight Lodge at Rockport Harbor, Rockport. Continental Country Club HOA is a community located in Chula Vista, CA (San Diego County). 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. 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. What about the special assessment or other fees? The reorganization plan imposes an increase to our annual assessment that will be phased in over three years beginning in 2024. 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. These membership tiers are subdivision specific. The required work would require Engineers, Contractors, and time. 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.. However, a Chapter 7 panel trustee would be appointed and all decisions regarding the operations of the HOA will be made by the Trustee. We are located on St Rte 44 just 2.5 miles east of Brownwood, CLICK IMAGE TO REGISTER FOR IMPORTANT EMAILS WITH IMPORTANT INFORMATION, KINDLE AND ANDROID USERS: CLICK HERE TO DOWNLOAD OUR APP, Resident, Dan Kane compiled an informative list of links to the areaclick below:CCC HELPFUL LINKS, 50 Continental Blvd., Highway 44 East, Wildwood, Florida 34785. The Lake Elaine lawsuit was based on a 1990 Amended Judgement and Settlement that was rejected by the bankruptcy court earlier this year. If the plan is approved, Murray says there are two options that can be done with the land. 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. The Continental Country Club constructed Lake Elaine back in the 1970s. We will keep our facilities open and our employees will be working to ensure business as usual. 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'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. Copyright 2023 Continental Country Club FL All Rights Reserved. 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. 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. 150 Saab tingida. Our clubhouse is over 50 years old and the other amenities require maintenance and repair. The Board President of the Homeowners Association of Continental Country Club in Flagstaff, . 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 Reorganization comes after decades of the Association kicking the can down the road. Continental Country Club Who are the members of CCC? Joining the Continental Country Club HOA is the easiest way to protect your propertys value! Get up-to-the-minute news sent straight to your device. This area is served by the Sweetwater Union High attendance zone. (link to message). That resulted in two levels. You know, we think a partial repair could have been done for as little as $600,000, said attorney Jason Bliss with the office of Aspey Watkins and Diesel, who is representing the homeowners. 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. They want the lake fixed, Bliss said. The costs are too much of a burden for members on a fixed income? Back then, the increase had to be approved in each single-family subdivision. Continental County Club has filed for Chapter 11 bankruptcy protection, but daily operations wont change. We have compensated by charging usage fees and not giving golf discounts to those who do not pay the full amount. 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. The association has said that any lake repair would cost millions of dollars. Bliss said the HOA also has lots of deferred maintenance fees, while also having some of the lowest member fees in the state. 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The trustee is appointed to liquidate and pay, not operate. Court reservations required. Please subscribe to keep reading. The Continental CC course can host up to 144 golfers at a time with a shot gun start. The Board approved a two-tier membership now known as Associate and Full Membership to account for the difference in assessment levels. 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. If Option B is selected, the redesign will be the Associations responsibility. {{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. One thing to remember, you will be required to pay additional Home Owner . The issues we are dealing with today began 30 years ago and the current board wasnt a part of. Situated below Mount Elden in Flagstaff, AZ, the 18-hole championship golf course at Continental Country Club was designed by Bob E. Baldock. What is the difference between Chapter 11 Reorganization and Bankruptcy? If we had hired a professional HOA management team a few years ago, could we have avoided all this? 2380 N Oakmont Dr 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. Zillow has 3 homes for sale in 34785 matching Continental Country Club. Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. Flagstaff, Feb. 12, 2021 - Continental Country Club is a great place to live and provides many amenities for the broader community. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). At the time of the study, Continentals reserve balance was $54,291. In a Chapter 7 does the trustee manage the HOA? The question is why. Our members are what makes the social membership so special. By the end of the year, they expected they could get that number to $125,000. 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. Now, the association is asking homeowners to vote to approve two items a one-time fee and an increase in annual dues. Quite honestly, I can't imagine a professional management company letting this happen. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. 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. Continental is responsible for those owners access to amenities and common area maintenance.