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. 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. The question is why. Register for our eClub to receive regular offers and updates from Continental CC! However, the CC&Rs needed to be combined with the assessments at the amounts approved by each individual subdivision at that time. There are no positives., Dissatisfied as the Legionnaires might be about the current state of Lake Elaine and Continentals proposed solutions, A successful vote is actually in everyones best interest, said Legionnaire and lakefront resident Tim Harrington in an email to the Arizona Daily Sun. 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. 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. 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 Continental Country Club constructed Lake Elaine back in the 1970s. The trustee is appointed to liquidate and pay, not operate. Contrary to the Associations statements, a partial repair would cost nowhere near the millions of dollars suggested by the Association. 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! The Continental CC course can host up to 144 golfers at a time with a shot gun start. View Properties for Sale at Continental Country Club located in Wildwood, FL. The Court further concluded that failure to plan did not equate to an inability to comply., While the Legionnaires do not deny Continentals precarious financial situation, they dont think it inhibits or excuses them from upholding legal obligations surrounding Lake Elaine. There are condominiums, big and small, that you can purchase in the $180,000 - $300,000 price range. 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 Finally, CCCs boards have struggled to make ends meet for years, while trying to honor their pledge made in 2013 not to raise dues again for eight years. If APPROVED and Option A is selected, then the property will be deeded to the Lake Elaine owners. The plan gives the LFOs the option of taking ownership and responsibility for the property going forward and relieving CCC of all future liabilities in exchange for a onetime payment by CCC to the homeowners of $2.5 million. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! At the beginning of the Chapter 11 process, we explained that values may be negatively affected. 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 Continental Country Club in Flagstaff is bankrupt. Main: (928) 526-5125Oakmont: (928) 526-7990Golf Shop: (928) 527-7997Bear Paw: (928) 522-1588, 2023 CONTINENTAL COUNTRY CLUB ALL RIGHTS RESERVED. . The availability of these amenities, whether used or not, makes CCC a desirable neighborhood and increases property values. Reorganization comes after decades of the Association kicking the can down the road. 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. 50 Continental Blvd. We certainly are going to be involved in the bankruptcy proceeding and continue to assert our class action rights to have the lake maintained and repaired.. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). 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. However, even if we cant use amenities, were still required to pay annual lot assessment fees even when unable to use amenities. 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. Joining the Continental Country Club HOA is the easiest way to protect your property's value! Quick Facts Getting Around Continental Country Club Continental Country Club Learn more about this neighborhood. That would be within the discretion of the trustee. The . The HOA fees in this community is about $265 to $320 a month, depending on location (golf course and waterfront lots are available) and includes lawn care and trash pick-up. We have the receipts. Book Your Tee Time on our EZLinks tee times page in a new tab, In addition to championship golf, we offer tennis courts, a fitness center, a swimming pool and social events! . There is a one-time special assessment of $2,000. 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.. Joining the Continental Country Club HOA is the easiest way to protect your propertys value! Thank you to everyone who came out and play, we are looking forward to some exciting changes in-store for next year. If it is to be divested, it must be accepted by a third party. All Single-Family homes governed by the CC&Rs are obligated to pay an annual lot assessment. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. The fee had been set to begin at the start of February, but due to the bankruptcy, it has been put on hold. All owners of lots subject to the declaration are required to be members of Continental Country Club, Inc., per the recorded declaration. 3. The CC&Rs govern 1,210 single family homes. Is it possible to leave the HOA so we're not part of it? Selling the golf course is not legally a feasible option until we emerge from Chapter 11 bankruptcy. 150 Saab tingida. There are many types of townhomes available from $300,000 - $500,000. 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. There were several additions made in the 1970s. The first payment would be due the same day as the due date for the special assessment. Not necessarily. Our members are what makes the social membership so special. You have permission to edit this article. The aforementioned 2019 Terracon report does indicate that there are viable solutions to refill Lake Elaine including short-term use of the existing liner or a more long-term geomembrane liner but does not shy from saying that the porous limestone and geologic conditions in the area are problematic for a lake or reservoir. It goes on to say that it can certainly be argued that this site was a poor choice for a lake or water feature of any significant size., Another 2019 engineering report from Natural Channel Designs reached similar conclusions, saying the geologic and environmental setting of the lake presents significant challenges to its continued existence. Continental Country Club HOA is a community located in Flagstaff, AZ (Coconino County). 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. Are our property assessments used for this? How do timeshares fit into the funding picture? Subscribe to our Daily Headlines newsletter. The Lake Elaine lawsuit was based on a 1990 Amended Judgement and Settlement that was rejected by the bankruptcy court earlier this year. President - The president of the Board presides at all meetings of the Board of Directors. 27470 Jefferson Ave. Pizza making Mamma mia, we love this one! 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. Now, it has turned to owners for funding. Please notify the Association in writing prior to the special assessment due date if interested in the payment plan, The timing for implementing the reorganization plan depends on the association receiving the funds when they are due, thus the 5% interest charge. The Continental Country Club course is filled with par 3s and par 5s, offers beautiful mountain views and a friendly, neighborhood environment. When were the clubhouse and clubhouse pool built? Why am I paying for amenities I dont use? A big vote is underway at Continental Country Club in East Flagstaff. The special assessment can be paid over two years with eight (8) quarterly payments of $261 (which includes 5% interest). An HOA faces bankruptcy because of its man-made lake. Starting in 2024, associate members would owe an additional $63 for 2024, 2025, and 2026. Some of that is the result of limitations on the Associations revenues and on its ability to raise dues or impose special assessments. Payment $4,996 Price/Sq.Ft. Reserve your next round of golf with our quick and convenient online booking engine. The benefits are endless and your experiences will last a lifetime. There are many unknowns under Chapter 7, which could include part or all of the current $15M bankruptcy claim from the lakefront owners and loss of amenities while still paying for them. Will there be an increase to my annual assessment? Wildwood, FL 34785. So, we either pay the known $2.5 million now, or pay more later up to the $15 million? Will there be a special assessment to help cover some of the debts? In a Chapter 7 does the trustee manage the HOA? 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.. . In some cases, these problems predate the current board by years, if not decades. 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. The Trustee is charged with maximizing distributions to creditors. Meeste parka Helly Hansen Continental XL UUS. At the time, it was an asset to the HOA. The issues we are dealing with today began 30 years ago and the current board wasnt a part of. 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 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. Zillow has 3 homes for sale in 34785 matching Continental Country Club. 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. Come see us today! 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! If Option B is selected, the redesign will be the Associations responsibility. The Continental Country Club constructed Lake Elaine back in the 1970s. Continental Country Club home prices vary from luxury homes to more affordable homes that might be perfect for first-time buyers. Is there money set aside for the management of the HOA & enforcement of CC&Rs? 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. 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. Continental Country Club mostly features cozy homes that are very reasonably priced. In the mean time the proshop will still be open Tuesday- Saturday 9am-4pm. Why did the Board decide to take this step now? Continental Golf Course Is CLOSED for the Season! . At the time, it was an asset to the HOA. Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. 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. Continental Country Club's HOA files for Chapter 11 bankruptcy Adrian Skabelund Feb 17, 2021 Updated Mar 24, 2021 0 Cracked limestone makes up the karst geologic formation beneath a worn-out. A Flagstaff man is behind bars, charged with aggravated DUI and kidnapping. The work and fines until the lake was filled amounted to a lot of money that our Association does not have. Why dont we just sell the golf course to eliminate the large expense of deferred and ongoing maintenance? The filing for Chapter 11 reorganization stays those fines. He is a big sweetheart but a little too rough for my Pygmy Goats. Fixing the lake to accommodate the mandated water level would require extensive work including repairs to the dam, repairs to the liner between the 6,835 and 6,845 levels or the possible replacement of the entire liner, and sinkhole repairs. 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 Get up-to-the-minute news sent straight to your device. 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. Round Table Discussions will be held on every, We will also be having Town Hall Meetings for everyone who is interested in attending. Beyond the potential Lake Elaine obligations, we have a 50-year-old building, and numerous amenities. What is the source of funds that are being used to pay for all the signage and banners to support the special assessment? 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. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. A draft reserve study has been received and is under review that shows that millions of dollars are needed over the next 10 years and through 2050. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. Tract D (Lake Elaine) is currently owned by the Association. Is there a Special Assessment Payment Plan? This discount allows members & guests to enjoy the lowest rates offered on our rack card. 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. (link to message). The reason for the increases are due to ongoing financial concerns involving Lake Elaine, a $600-thousand balloon payment due regarding irrigation of the golf course and ongoing deferred maintenance to some of the amenities. CCC also had a balloon payment due in October, for $600,000. A filing for Bankruptcy can take many forms, including a Chapter 11 Reorganization. A member may cease paying in protest, but the trustee will ultimately have the same rights CCC currently has to enforce and compel payment ultimately filing a lien on the property and foreclosing. *Country Club Homeowners: This amount is for quarterly dues only and is separate from mandatory social membership dues. 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. Print Subscribe Was this page helpful? When were the clubhouse and clubhouse pool built? That fee would drop to $500 if the HOA begins refilling the lake, and continue until it is full. Continental is responsible for those owners access to amenities and common area maintenance. 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. Contact ClubCorp for social membership dues questions: 623-742-6200 Download homeowners online payment guide. Even more, we do all the work of the Deed Restriction for you! Then, you've come to the right place. 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. 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. 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. HOA Fee Includes Ensure continued use of our club amenities and environment. The January newsletter provided to homeowners did reference that bankruptcy was an option that was being considered. Do all members of the HOA get to vote for the new HOA Dues and Special Assessment? In 2006 Continental Country Club succeeded in unifying (11) different sets of CC&Rs for individual single-family subdivisions. The Board approved a two-tier membership now known as Associate and Full Membership to account for the difference in assessment levels. Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. HOA Legal Name: CONTINENTAL COUNTRY CLUB R.O., INC. Unfortunately, this was the only possible conclusion, and once decided, needed to be acted upon quickly. 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? This would include 4-5 ponds, walking trails, benches, limited parking and would be open to, With either option, and assuming successful confirmation of our reorganization plan by the bankruptcy court, we have no ongoing legal obligation to continue any litigation from lakefront homeowners. You have permission to edit this article. At the time of the study, Continentals reserve balance was $54,291. The restrictions contained in a declaration are covenants that run with the land and cannot be terminated by the owner. Helly Hansen Active Winter sulejope UUS! 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. This includes CC&Rs enforcement on the property, common area maintenance, amenities access and social activities. That's not what any of our folks want. If the home is not associated with the Homeowners Association youre invited to deed restrict the property with CCC and become part of the Club! Held says the bankruptcy wont close the golf course or force any layoffs and daily operations will go on as normal. Are you looking for a great 55+ retirement community? 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 reorganization plan imposes a one-time special assessment of $2,000. They don't want to claim for damages. The reorganization plan imposes an increase to our annual assessment that will be phased in over three years beginning in 2024. 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. 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. They want the lake fixed, Bliss said. The money for the signs was donated. That fee would drop to $500 if the HOA begins refilling the lake and continue until it is full. 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. Are you looking for a great restaurant? 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? (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). 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. There are approximately 1,360 single-family homes (in addition to 1,030 townhouses, condos, and timeshares) within the Continental Country Club Homeowners Association. Even more, we do all the work of the Deed Restriction for you! Below you can find information for the homeowners association including HOA fee includes, community features and amenities. The remaining properties consist of Townhomes, Condos and timeshares. Chapter 11 Reorganization | FAQ | Communication with Members | Court Motions & Hearings | Media Announcements. Were empathetic to those on fixed incomes, and offer payment plans to ease burdens. 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. continental country club hoa fees. Reach him at sgolightly@azdailysun.com, on Twitter at @sean_golightly, or on Instagram at @golightly_writes. The property cannot be abandoned. Deeper into Lake Elaine: Residents contend lake is not to blame for country clubs bankruptcy. Sign up for our newsletter to keep reading. The Coconino County Superior Court agreed, and for this reason found the Association in contempt of the 1990 Judgment, imposing daily sanctions to encourage compliance. I just see that as being poorly managed, Penoff said. But Bliss also took issue with the HOAs suggestion that the issue over Lake Elaine was the primary cause of the bankruptcy. This option would release the Association from, Option #2 would be to spend that $2.5 million and create the new amenity. This community dates back to 1975 and has continued to develop over the years. He said the HOA has several other significant expenses and issues that have prevented it from properly facing those issues. Background: How did we get in this situation regarding Lake Elaine and the Bankruptcy? Will all country club members be allowed on the new redeveloped lake? 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. We have compensated by charging usage fees and not giving golf discounts to those who do not pay the full amount. If the Assessment and dues increase fails, and the HOA converts to Chapter 7, will the Lake Elaine lawsuit continue? Becoming a member at Continental Country Club is an investment in yourself, your family and your future. 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. 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/. There is no definite date as to when the clubhouse pool was built; however, there is a 1979 photograph showing the pool and the two adjacent tennis courts. The truth is that the Association has simply failed to perform any real repair or maintenance of the Lake for 27 years now. Voting to approve these additional funds ends July 28. Continental Country Club Who are the members of CCC? 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. 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 will keep our facilities open and our employees will be working to ensure business as usual. 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! The costs are too much of a burden for members on a fixed income? Without an additional court order, the Trustee steps into the Debtors shoes and inherits any and all land restrictions, encumbrances, etc. 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.

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