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After the October 30th preliminary ruling, the board studied and reviewed all possibilities, along with speaking with several professionals and our attorneys. There has been much misinformation about the history of Lake Elaine and the ability to maintain lakes in this area. 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 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. 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. At the time, it was an asset to the HOA. 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. Joining the Continental Country Club HOA is the easiest way to protect your property's value! 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. The Trustee is charged with maximizing distributions to creditors. It has not been a normal winter in Flagstaff. Deeper into Lake Elaine: Residents contend lake is not to blame for country clubs bankruptcy. The association has said that any lake repair would cost millions of dollars. Bronson Creek feeds into a wetland on the east side of the park; a paved trail provides access to the wetland. Continental has known about its financial challenges for years, even decades, but neglected to plan for or properly address them. We face possible conversion to Chapter 7 Bankruptcy and liquidation of all our assets reduced or possible loss of club amenities such as tennis, pickleball, pool, golf and clubhouse. One that was, you know, competent., Financial mismanagement reaches further back than the 2020 study, said resident John Nilsson. 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? It was approved in some subdivisions, but not in others, as some subdivisions expressed strong discontent with increasing the assessment because they did not see value in the use of 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. Membership in Continental is a result of home ownership. Chapter 11 Reorganization | FAQ | Communication with Members | Court Motions & Hearings | Media Announcements. 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? From AU$247 per night on Tripadvisor: Starlight Lodge at Rockport Harbor, Rockport. Home to one of the best-rated public golf courses in Flagstaff, AZ. 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.. The . The Class also estimates this temporary solution could be completed quickly in months, not years. 3mi Publix Quick Picks Delivery by 11:00am Walgreens Delivery by 3:35am Sam's Club Delivery by 11:00am ABC Fine Wine & Spirits Delivery by 2:00pm. Voting to approve these additional funds ends July 28. In the mean time the proshop will still be open Tuesday- Saturday 9am-4pm. There were several additions made in the 1970s. Continental received $1500 in donations for marketing materials for the campaign. Continental is responsible for those owners access to amenities and common area maintenance. 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. 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! 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. So, we either pay the known $2.5 million now, or pay more later up to the $15 million? A future owner of your home may find golf or the other amenities appealing. No true repairs have been made to the Lake since 1994. We also have aging facilities that require upkeep with an insignificant amount of reserves. The community is gated, includes 24/7 security and even allows pets. to fines, and Continental Country Club HOA reserves the right to require restoration of the property to its prior condition. Once that happens, and at the approval of the homeowners, selling the golf course is something that can be discussed. 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. 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. More information on the voting process for residents of the neighborhood can be found at continentalflagstaff.com/the-voting-process-on-the-two-fees/. In a media release, the HOA board seemed to attribute most of their problems to recent legal action over Lake Elaine, a man-made lake within the country club that has been the center of controversy for years. Quite honestly, I can't imagine a professional management company letting this happen. In some cases, these problems predate the current board by years, if not decades. (link to message). View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! junio 12, 2022. jonah bobo 2005 . . Then starting in 2024, full members would owe an additional $97 for 2024, 2025 and 2026. 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. 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. Raising dues and increasing assessments is an important step to funding the reserves, Cohen's statement said. 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. How will this affect the value of my home? On this point, the Legionnaires agree. 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. Its those reasons why the Club went into Chapter 11 bankruptcy in February of 2021. 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? This discount allows members & guests to enjoy the lowest rates offered on our rack card. Can we just abandon the property? 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. The CC&Rs govern 1,210 single family homes. 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. These homeowners the Class believe that the Association has options to address its financial challenges. 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. Log in, Continental Country Club HOA Chula Vista, CA, Alicante at San Miguel Ranch HOA Chula Vista, CA. Contact ClubCorp for social membership dues questions: 623-742-6200 Download homeowners online payment guide. The Board President of the Homeowners Association of Continental Country Club in Flagstaff, . It bolstered the property values of homes located on the waterfront and was a gorgeous sight to see. 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. Why are there currently some members paying different assessment rates? 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. Held says the bankruptcy wont close the golf course or force any layoffs and daily operations will go on as normal. The funds usually have strict criteria for how they are to be used. The Lakeside Homeowners would lose as much as any other owner would if the bankruptcy ended in a liquidation.. 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! Will all country club members be allowed on the new redeveloped lake? 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! This filing allows Continental and its homeowners the chance for a fresh start so we can best address several issues, Held said. Our clubhouse is over 50 years old and the other amenities require maintenance and repair. 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. A reserve study is not something to be taken lightly, said lakefront resident Dan Penoff, who has nearly 30 years of experience on homeowners association boards outside of Continental. However, the CC&Rs needed to be combined with the assessments at the amounts approved by each individual subdivision at that time. A big vote is underway at Continental Country Club in East Flagstaff. And it's free! This included signage, team captain materials and t-shirts. Court testimony confirmed what the Class already knew: The Lake holds water and can be fixed. Yes, there is nothing inherent in Chapter 7 that dissolves the HOA. 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. Wildwood, FL 34785. Are you looking for a great restaurant? 3. Each year, members may elect a new board or move to a professional management association. That would be within the discretion of the trustee. 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. Continental Country Club - 78 Spaces is an apartment community located in San Diego County and the 91911 ZIP Code. 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. By 2026, the annual dues increase will be $291. When were the clubhouse and clubhouse pool built? (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. I dont golf. ", 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. The Wyndham Timeshares (125 units) are Full Members of Continental just like all other owners. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. Print Subscribe Was this page helpful? The Villages, FL 32162 Directions. These properties have individual property management companies who handles their CC&R enforcement and day-to-day operation. Helly Hansen Active Winter sulejope UUS! 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. These dates are on the listed, 6/28: ballots on the two fees required to support the reorganization plan will be mailed to members, 7/30: Special Meeting of the members to vote and certify the count, 8/4: Initial Confirmation Hearing in the Bankruptcy Court. All Single-Family homes governed by the CC&Rs are obligated to pay an annual lot assessment. A 1991 class action lawsuit ruling stated the lake must remain full. 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. 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. Round Table Discussions will be held on every, We will also be having Town Hall Meetings for everyone who is interested in attending. Were voting for a smaller cost now ($2,000 to cover the $2.5M), to protect ourselves from possible larger costs later, unending litigation and the $15 million claim of the LFOs that could not be addressed any other way outside of bankruptcy, to protect our amenities and eradicate Lake Elaine issues. Email notifications are only sent once a day, and only if there are new matching items. 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. 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. 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 If we convert to Chapter 7, the HOA cannot be sued by Lake Elaine property owners or any other entity. 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. Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. If it is to be divested, it must be accepted by a third party. Flagstaff, Feb. 12, 2021 Continental Country Club is a great place to live and provides many amenities for the broader community. We have the receipts. The original clubhouse was built in 1960. This anomaly resulted in 1994. Why are there currently some members paying different assessment rates? The money for the signs was donated. View Properties for Sale at Continental Country Club located in Wildwood, FL. 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. HOA Legal Name: CONTINENTAL COUNTRY CLUB R.O., INC. You have permission to edit this article. 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. 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. Schedule: No open play during the off-season (Nov-Apr). HOA Legal Name: CONTINENTAL COUNTRY CLUB, INC. Reserve funds are used for large projects such as replacements or repairs within the homeowners association. If I haven't yet paid my annual dues, will they still have to be paid? If the Assessment and dues increase fails, and the HOA converts to Chapter 7, will the Lake Elaine lawsuit continue? The fee had been set to begin at the start of February, . Meeste parka Helly Hansen Continental XL UUS. The costs are too much of a burden for members on a fixed income? Continental Golf Course Is CLOSED for the Season! Continental Country Club has 2,395 owners. 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. 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. If the plan is approved, Murray says there are two options that can be done with the land. This includes CC&Rs enforcement on the property, common area maintenance, amenities access and social activities. 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. Are the fines associated with the October 2020 preliminary ruling being assessed currently? Please subscribe to keep reading. How do timeshares fit into the funding picture? Continental Country Club Who are the members of CCC? Is it possible to leave the HOA so we're not part of it? There are approximately 1,360 single-family homes (in addition to 1,030 townhouses, condos, and timeshares) within the Continental Country Club Homeowners Association. Continental owns and maintains the Walnut Canyon Lakes, and the Associations own experts have testified that Lake Elaine can be repaired. We are located on St Rte 44 just 2.5 miles east of Brownwood Sign up for our newsletter to keep reading. 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. 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. We do not currently expect the LFOs to elect Option A. Continental Country Club Listings. Even more, we do all the work of the Deed Restriction for you! Two yeses mean $2.5M goes to either Option 1 or 2 as determined by creditors. Search And Rescue Crews Tended To An Injured Hiker On Mt. Mo. The Ferraro Groups contract and the previous Cindy May Marketing contract are for the same amount. There are many unknowns associated with a conversion to Chapter 7. If you are looking for our main website, click here. Continental Country Club mostly features cozy homes that are very reasonably priced. 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 . Get up-to-the-minute news sent straight to your device. The work and fines until the lake was filled amounted to a lot of money that our Association does not have. The owners of these properties are also obligated to pay annual assessments to CCC based on their respective CC&Rs. Court reservations required. Main: (928) 526-5125Oakmont: (928) 526-7990Golf Shop: (928) 527-7997Bear Paw: (928) 522-1588, 2023 CONTINENTAL COUNTRY CLUB ALL RIGHTS RESERVED. Continental Country Club HOA is a community located in Flagstaff, AZ (Coconino County). 2380 N. Oakmont Drive, Flagstaff, AZ 86004 (928) 526-5125 www.continentalflagstaff.com . They don't want to claim for damages. 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. Buying a new home in the Continental area? 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.