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. Will all country club members be allowed on the new redeveloped lake? 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. 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. 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/. If we had hired a professional HOA management team a few years ago, could we have avoided all this? What happens if 2 YES (APPROVE) for Special Assessment and Annual Dues Increase? Quick Facts Getting Around Continental Country Club Continental Country Club Learn more about this neighborhood. 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. In 2006 Continental Country Club succeeded in unifying (11) different sets of CC&Rs for individual single-family subdivisions. application fee details: $55 app fee online at our website bishoprealtygrp. We also have aging facilities that require upkeep with an insignificant amount of reserves. The biggest problem over the years has been Lake Elaine, which has been an issue for nearly 30 years, with costs and fines building over time. We will keep our facilities open and our employees will be working to ensure business as usual. Now, the association is asking homeowners to vote to approve two items a one-time fee and an increase in annual dues. Get Adobe Acrobat Reader free to view these files. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. The lake level has been falling because water is seeping out despite previous attempts to seal the lake bottom. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. 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. 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 special assessment can be paid over two years with eight (8) quarterly payments of $261 (which includes 5% interest). This area is served by the Sweetwater Union High attendance zone. We are located on St Rte 44 just 2.5 miles east of Brownwood Held says the work would take time and millions of dollars. That's not true. Dues increases and/or special assessment would have been necessary even if a professional management company was involved. You can cancel at any time. Get up-to-the-minute news sent straight to your device. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. 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. However, a Chapter 7 panel trustee would be appointed and all decisions regarding the operations of the HOA will be made by the Trustee. Then, you've come to the right place. A July 14 article for the Arizona Daily Sun explored the issue through testimony from management of the country. HOA Documents Articles of Incorporation CC&Rs Bylaws Membership Policies How do timeshares fit into the funding picture? Continental owns and maintains the Walnut Canyon Lakes, and the Associations own experts have testified that Lake Elaine can be repaired. The . 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. This includes CC&Rs enforcement on the property, common area maintenance, amenities access and social activities. Email notifications are only sent once a day, and only if there are new matching items. $273 Buyer's Agent Commission 2.5% Street View Directions Ask Redfin Agent Cody a Question Cody Bauer Flagstaff Redfin Agent The Continental Country Club in Flagstaff is bankrupt. 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. 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! 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.. Flagstaff, Feb. 12, 2021 - Continental Country Club is a great place to live and provides many amenities for the broader community. From AU$247 per night on Tripadvisor: Starlight Lodge at Rockport Harbor, Rockport. Search And Rescue Crews Tended To An Injured Hiker On Mt. A filing for Bankruptcy can take many forms, including a Chapter 11 Reorganization. Continental Country Club Listings. Wyndham also contributes 50% of the cost of running the Fitness Center and pays for all Capital Improvements at Bear Paw + 60% of the operational day-to-day costs. 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. CCC also had a balloon payment due in October, for $600,000. I dont golf. They are down to earth, fun-loving people that enjoy spending time together laughing over great food and refreshing drinks. {{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. 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. 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. At the time, it was an asset to the HOA. 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. 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. The filing for Chapter 11 reorganization stays those fines. The failure to plan by the association, the failure to reserve funds, have really put the association in a tough spot.. Here are the top City of Flagstaff stories from 2022. Print Subscribe Was this page helpful? The Continental Country Club in Flagstaff is bankrupt. The money for the signs was donated. Beyond the potential Lake Elaine obligations, we have a 50-year-old building, and numerous amenities. If you are looking for our main website, click here. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. Under the option, it would deed the Lake Elaine footprint to the lakefront owners and provide them $2.5 million raised from the proposed $2,000 payments so that the Legionnaires can implement a smaller lake or any other solution the Lakefront Group determines is appropriate with the resources available, and thereafter, maintain such improvements as they deem fit with no further contribution from [Continental] or its broader membership., Based on their statement, the reason Continental wants to sever their responsibility for maintaining Lake Elaine has to do with their skepticism that a long-term, sustainable lake is possible. Trees are falling in Flagstaff and have been compromised as a result of recent winter storms. 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. There is a one-time special assessment of $2,000. There are a lot of different options when it comes to housing in Continental Country Club. 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.. Are the fines associated with the October 2020 preliminary ruling being assessed currently? Lease Details & Fees Details Property Information 78 units/1 story Location 445 Orange Ave , Chula Vista , CA 91911 Get Directions This Property Available Property No true repairs have been made to the Lake since 1994. 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. 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? The fee had been set to begin at the start of February, . When were the clubhouse and clubhouse pool built? The availability of these amenities, whether used or not, makes CCC a desirable neighborhood and increases property values. When were the clubhouse and clubhouse pool built? Ballots go out June 28th, and need to be mailed or returned in-person, Owners who do not return an absentee ballot will be allowed to vote in person at July 30th special meeting, We must reach 60% of quorum (or participation of homeowners in the vote), 2/3 of those voting must vote yes on BOTH ballots for it to be approved, Results announced in special meeting of the members on Saturday, July 30th. 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. Unfortunately, this was the only possible conclusion, and once decided, needed to be acted upon quickly. Great Circle Media serves Flagstaff, Prescott, Sedona, and the surrounding areas with Northern Arizonas Best Radio Stations! In the same newsletter, Murray quoted Patrick A. Clisham of Engelman Berger, the legal counsel to Continental Country Club, as having said Chapter 7 means chaos. Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. Meeste parka Helly Hansen Continental XL UUS. Is there money set aside for the management of the HOA & enforcement of CC&Rs? Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. Sean Golightly reports on the environment and the city of Flagstaff. 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. Continental Country Club Flagstaff, AZ 86004 Situated below Mount Elden in Flagstaff, AZ, the 18-hole championship golf course at Continental Country Club was designed by Bob E. Baldock. What about the special assessment or other fees? Becoming a member at Continental Country Club is an investment in yourself, your family and your future. 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. Our clubhouse is over 50 years old and the other amenities require maintenance and repair. All Single-Family homes governed by the CC&Rs are obligated to pay an annual lot assessment. The Associations responsibility to maintain Lake Elaine has been well established for decades based on a 1990 court-ordered Judgment that the Coconino County Superior Court upheld in October of 2020 following nearly four years of litigation, including multiple attempts at mediation and a weeklong hearing. Subscribe to our Daily Headlines newsletter. By 2026, the annual dues increase will be $291. The Wyndham Timeshares (125 units) are Full Members of Continental just like all other owners. The fee had been set to begin at the start of February, but due to the bankruptcy, it has been put on hold. What remains to be seen is whether Continental will get the votes they need to avoid Chapter 7, what will finally become of the contentious Lake Elaine,and whether the organization will be able to repair its financial situation in the long run. Panda Express is expanding to east Flagstaff. 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. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). HOA Legal Name: CONTINENTAL COUNTRY CLUB, INC. Reserve funds are used for large projects such as replacements or repairs within the homeowners association. 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. 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There are constant ongoing repairs and improvements required for these assets that must be addressed. Continental Country Club has 2,395 owners. 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. Reorganization comes after decades of the Association kicking the can down the road. 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. Bronson Creek feeds into a wetland on the east side of the park; a paved trail provides access to the wetland. The Ferraro Groups contract and the previous Cindy May Marketing contract are for the same amount. Mo. 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. The first payment would be due the same day as the due date for the special assessment. 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. Flagstaff City Championship Flyer Log in, Continental Country Club HOA Chula Vista, CA, Alicante at San Miguel Ranch HOA Chula Vista, CA. 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 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. This discount allows members & guests to enjoy the lowest rates offered on our rack card. 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. HOA Fee Includes 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. Example turn the golf course into single-family homes. Who owns the property Lake Elaine is on and who is responsible for its redevelopment and construction? These homeowners the Class believe that the Association has options to address its financial challenges. Thank you to everyone who came out and play, we are looking forward to some exciting changes in-store for next year. Situated below Mount Elden in Flagstaff, AZ, the 18-hole championship golf course at Continental Country Club was designed by Bob E. Baldock. The following is a statement from Lakeside Homeowners At Continental: Continental Country Clubs Financial Challenges Result From Failure to Plan and Confront Obligations. 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. 150 Saab tingida. At the beginning of the Chapter 11 process, we explained that values may be negatively affected. The Continental Country Club constructed Lake Elaine back in the 1970s. A Flagstaff man is behind bars, charged with aggravated DUI and kidnapping. The Continental CC course can host up to 144 golfers at a time with a shot gun start. 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. 219 4. The Villages, FL 32162 Directions. Is there a Special Assessment Payment Plan? 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. 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. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. 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. Continental is responsible for those owners access to amenities and common area maintenance. Raising dues and increasing assessments is an important step to funding the reserves, Cohen's statement said. Give Us A Call: 1-888-452-6595. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. This one-acre park, opened in 2013, includes a playground with a swing set and a picnic table. President - The president of the Board presides at all meetings of the Board of Directors. Bliss said the HOA also has lots of deferred maintenance fees, while also having some of the lowest member fees in the state. The Board had to consider how it could meet the obligations and fill the lake to a level that, according to experts, has never been sustainable. 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.