This included signage, team captain materials and t-shirts. Come see us today! Trees are falling in Flagstaff and have been compromised as a result of recent winter storms. 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 owners of these properties are also obligated to pay annual assessments to CCC based on their respective CC&Rs. This discount allows members & guests to enjoy the lowest rates offered on our rack card. What is the difference between Chapter 11 Reorganization and Bankruptcy? The Class also estimates this temporary solution could be completed quickly in months, not years. Flagstaff City Championship Flyer The failure to plan by the association, the failure to reserve funds, have really put the association in a tough spot.. The reorganization plan imposes an increase to our annual assessment that will be phased in over three years beginning in 2024. Pennsylvania (/ p n s l v e n i / (); Pennsylvania German: Pennsilfaani), officially the Commonwealth of Pennsylvania, is a state spanning the Mid-Atlantic, Northeastern, Appalachian, and Great Lakes regions of the United States.It borders Delaware to its southeast, Maryland to its south, West Virginia to its southwest, Ohio to its west, Lake Erie and the Canadian province of . Can we just abandon the property? The Continental Country Club constructed Lake Elaine back in the 1970s. . If we pay the $2.5M now, were done forever, other than ongoing maintenance of the small ponds, according to Judge Ballinger. We have compensated by charging usage fees and not giving golf discounts to those who do not pay the full amount. 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. Continental Country Club. How does the Chapter 11 filing affect me as a Continental Country Club Member? Why didnt the Board give us a warning that this was going to happen? . . An automatic stay is a provision in the bankruptcy law that temporarily prevents creditors, collections agencies, government entities, and individuals from pursuing Continental for amounts owed. 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. 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. At the time, it was an asset to the HOA. If you are looking for our main website, click here. 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. The obligation to pay dues at least at their current level runs with the land. 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. Payment $4,996 Price/Sq.Ft. The question is why. application fee details: $55 app fee online at our website bishoprealtygrp. There was a problem saving your notification. 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. How do timeshares fit into the funding picture? 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. All Single-Family homes governed by the CC&Rs are obligated to pay an annual lot assessment. Why are there currently some members paying different assessment rates? Email notifications are only sent once a day, and only if there are new matching items. 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. Can a trustee remove the restrictions on the use of the golf course to sell it for maximum value? In a Chapter 7 does the trustee manage the HOA? At the time, it was an asset to the HOA. 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. Thank you to everyone who came out and play, we are looking forward to some exciting changes in-store for next year. 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. 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 process required to divest the HOA of Lake Elaine? Continental Country Club mostly features cozy homes that are very reasonably priced. You have permission to edit this article. Is it possible to leave the HOA so we're not part of it? 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. Log in, Continental Country Club HOA in Flagstaff, AZ, Forest Highlands Golf Club HOA in Flagstaff, AZ, Railroad Springs Townhomes HOA in Flagstaff, AZ. Sign up for our newsletter to keep reading. 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. Board Members for Continental Country Club Ro: Title Name Mailing Address Location; Dire . The Country Inn at Camden Rockport Show prices Enter dates to see prices 505 reviews #1 Best Value of 15 places to stay in Rockport By Allyson R "The staff is fantastic, the room clean and comfortable, the continental breakfast delicious and hot. 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. Do all members of the HOA get to vote for the new HOA Dues and Special Assessment? Bliss said after the court held the HOA in contempt last year, the homeowners approached the HOA about ways to move forward, but their offers were rebuffed and the HOA decided to move forward with bankruptcy instead. Voting to approve these additional funds ends July 28. {{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, Flagstaff schools planning to make up instructional time after this winter's snow days, Investigation underway after body found near Sunset Crater National Monument, 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, continentalflagstaff.com/the-voting-process-on-the-two-fees/, City of Flagstaff Year in Review: Housing, transportation key considerations as city develops, 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, Greece train crash: Public anger grows as death toll rises. Some of that is the result of limitations on the Associations revenues and on its ability to raise dues or impose special assessments. Contrary to the Associations statements, a partial repair would cost nowhere near the millions of dollars suggested by the Association. HOA Legal Name: CONTINENTAL COUNTRY CLUB, INC. Reserve funds are used for large projects such as replacements or repairs within the homeowners association. Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. Please subscribe to keep reading. Get Adobe Acrobat Reader free to view these files. Court reservations required. 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. For the good of our residents and those who enjoy our facilities, it was time to take action.. Selling the golf course is not legally a feasible option until we emerge from Chapter 11 bankruptcy. A 1991 class action lawsuit ruling stated the lake must remain full. Yes, there is nothing inherent in Chapter 7 that dissolves the HOA. Please subscribe to keep reading. The Lake Elaine lawsuit was based on a 1990 Amended Judgement and Settlement that was rejected by the bankruptcy court earlier this year. Membership in Continental is a result of home ownership. These properties have individual property management companies who handles their CC&R enforcement and day-to-day operation. That fee would drop to $500 if the HOA begins refilling the lake and continue until it is full. Beyond the potential Lake Elaine obligations, we have a 50-year-old building, and numerous amenities. HOA Legal Name: CONTINENTAL COUNTRY CLUB R.O., INC. Reorganization comes after decades of the Association kicking the can down the road. 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Flagstaff, Feb. 12, 2021 Continental Country Club is a great place to live and provides many amenities for the broader community. The Continental Country Club in Flagstaff is bankrupt. How will this affect the value of my home? 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. Get up-to-the-minute news sent straight to your device. Helly Hansen Active Winter sulejope UUS! These homeowners the Class believe that the Association has options to address its financial challenges. This area is served by the Sweetwater Union High attendance zone. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. 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 Our clubhouse is over 50 years old and the other amenities require maintenance and repair. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. There has been much misinformation about the history of Lake Elaine and the ability to maintain lakes in this area. What happens if we vote NO (DO NOT APPROVE) or dont meet the quorum requirement after two tries? Panda Express is expanding to east Flagstaff. If I haven't yet paid my annual dues, will they still have to be paid? No true repairs have been made to the Lake since 1994. One thing to remember, you will be required to pay additional Home Owner . 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. CCC also had a balloon payment due in October, for $600,000. Even more, we do all the work of the Deed Restriction for you! 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. 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. Bliss said the HOA also has lots of deferred maintenance fees, while also having some of the lowest member fees in the state. Becoming a member at Continental Country Club is an investment in yourself, your family and your future. However, even if we cant use amenities, were still required to pay annual lot assessment fees even when unable to use amenities. For the most part, most of our Members should not be affected by this petition. 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. Are the fines associated with the October 2020 preliminary ruling being assessed currently? The fee had been set to begin at the start of February, but due to the bankruptcy, it has been put on hold. First used to store water for the golf course, Lake Elaine is now only aesthetic, but has been leaking water for decades. I just see that as being poorly managed, Penoff said. They want the lake fixed, Bliss said. Is there money set aside for the management of the HOA & enforcement of CC&Rs? The lake level has been falling because water is seeping out despite previous attempts to seal the lake bottom. 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. Continental has known about its financial challenges for years, even decades, but neglected to plan for or properly address them. Continental Country Club Powered by GolfNow.com Book a Tee Time Satellite Layout Tees Track Rounds Scorecard Course Details Year Built 1972 Golf Season Year round Architect Ron Garl (1972) Rentals/Services Carts Yes - included in green fees Clubs Yes Practice/Instruction Driving Range Yes Golf School Academy Yes - "Stephen Wresh Golf Academy" Sean Golightly reports on the environment and the city of Flagstaff. 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 Coconino County Superior Court agreed, and for this reason found the Association in contempt of the 1990 Judgment, imposing daily sanctions to encourage compliance. But, in the 1990s, disaster struck. . Fee: Continental Country Club HOA or Social Membership fee required. Based on the HOAs rules, those fees can only be raised by a two-thirds vote by all members. HOA Documents Articles of Incorporation CC&Rs Bylaws Membership Policies He said the HOA has several other significant expenses and issues that have prevented it from properly facing those issues. Reserve your next round of golf with our quick and convenient online booking engine. Continental Country Club - 78 Spaces is an apartment community located in San Diego County and the 91911 ZIP Code. Give Us A Call: 1-888-452-6595. In the mean time the proshop will still be open Tuesday- Saturday 9am-4pm. Print Subscribe Was this page helpful? 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. Continental Country Club HOA Chula Vista, CA Before buying in Continental Country Club HOA you will want to check out their reserve funds, budgets, bylaws as well as the rules and restrictions of the community. 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? 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! The reorganization plan imposes a one-time special assessment of $2,000. Background: How did we get in this situation regarding Lake Elaine and the Bankruptcy? Home to one of the best-rated public golf courses in Flagstaff, AZ. $273 Buyer's Agent Commission 2.5% Street View Directions Ask Redfin Agent Cody a Question Cody Bauer Flagstaff Redfin Agent Staffed with talented and devoted professionals, Continental Country Club is among the area's best-rated public courses. 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. The Board President of the Homeowners Association of Continental Country Club in Flagstaff, . 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. The Continental Country Club in Flagstaff is bankrupt. 2380 N Oakmont Dr The Lakeside Homeowners would lose as much as any other owner would if the bankruptcy ended in a liquidation.. 2011 Sunwest loan with Oct. 2021 balloon payment due, Deferred and anticipated club amenity maintenance, Decades-long Lake Elaine lawsuit with potential daily fines of up to $700 per day and restoration of a full lake. 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. 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. 3. 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. 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. Mo. We do not currently expect the LFOs to elect Option A. ", 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. 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. What is the source of funds that are being used to pay for all the signage and banners to support the special assessment? 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 CC&Rs govern 1,210 single family homes. Starting in 2024, associate members would owe an additional $63 for 2024, 2025, and 2026. 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. When will we know about the timing and amount of any assessments that will be needed? We also have aging facilities that require upkeep with an insignificant amount of reserves. Great Circle Media serves Flagstaff, Prescott, Sedona, and the surrounding areas with Northern Arizonas Best Radio Stations! 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. Flagstaff, Feb. 12, 2021 - Continental Country Club is a great place to live and provides many amenities for the broader community. In their disclosure statement, Continental says they are informed and believe that the Lakefront Group has separately evaluated [the small lake option] and has concluded that the costs of implementing [this option] are significantly less than [Continentals] $3 million estimate, but discussions between the parties to date have not been able to reconcile these differences., In either case, to the Legionnaires, being handed the deed to the lake is not an attractive option, and it asks the lakefront owners to take on the problem that [Continental] created. What they want is for Continental to take responsibility for the lake repair and also pay some money toward the Lakeside Homeowners attorneys fees which are damages that the Lakeside Homeowners have suffered as a result of [Continentals] rejection of the 1990 Settlement Judgment.. There are many unknowns associated with a conversion to Chapter 7. The . What about the special assessment or other fees? Deeper into Lake Elaine: Residents contend lake is not to blame for country clubs bankruptcy. One major reason is due to an October 2020 ruling that the clubs homeowners association must repair and refill Lake Elaine after leakage from the lake was discovered. 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. The first payment would be due the same day as the due date for the special assessment. 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 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. Flyer Link. Continental Country Club HOA is a community located in Flagstaff, AZ (Coconino County). There are a lot of different options when it comes to housing in Continental Country Club. 219 4. A Flagstaff man is behind bars, charged with aggravated DUI and kidnapping. We don't yet know what the ultimate effect of that bankruptcy will be on the finding of contempt or on the long-term future at the lake. Bronson Creek feeds into a wetland on the east side of the park; a paved trail provides access to the wetland. The association has said that any lake repair would cost millions of dollars. Search And Rescue Crews Tended To An Injured Hiker On Mt. Are you looking for a great 55+ retirement community? Professional management associations still report to a board of directors which makes final decisions. 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. 2380 N. Oakmont Drive, Flagstaff, AZ 86004 (928) 526-5125 www.continentalflagstaff.com . Then, you've come to the right place. Flagstaff, AZ 86004, Call Continental Country Club at (928) 526-5125, on our EZLinks tee times page in a new tab. 50 Continental Blvd. The restrictions contained in a declaration are covenants that run with the land and cannot be terminated by the owner. 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.
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