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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. 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! These membership tiers are subdivision specific. 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. You have permission to edit this article. 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. 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 . There has been much misinformation about the history of Lake Elaine and the ability to maintain lakes in this area. Even more, we do all the work of the Deed Restriction for you! Sign up for our newsletter to keep reading. Beginning 2024, we have three small increases to annual dues of $97 which resolves deferred maintenance and creates appropriate reserves/plan for maintaining building/grounds. 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. What happens if 2 YES (APPROVE) for Special Assessment and Annual Dues Increase? 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. 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. There is a one-time special assessment of $2,000. However, a Chapter 7 panel trustee would be appointed and all decisions regarding the operations of the HOA will be made by the Trustee. This option would release the Association from, Option #2 would be to spend that $2.5 million and create the new amenity. Continental has known about its financial challenges for years, even decades, but neglected to plan for or properly address them. 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. 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. 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 . Yes, there is nothing inherent in Chapter 7 that dissolves the HOA. Flagstaff, AZ 86004, Call Continental Country Club at (928) 526-5125, on our EZLinks tee times page in a new tab. Chapter 11 Filing FAQ - Continental Country Club There are many unknowns associated with a conversion to Chapter 7. Deeper into Lake Elaine: Residents contend lake is not to blame for 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. $273 Buyer's Agent Commission 2.5% Street View Directions Ask Redfin Agent Cody a Question Cody Bauer Flagstaff Redfin Agent 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. 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. Continental Country Club Homeowners Association, Flagstaff AZ - HOA The reorganization plan imposes a one-time special assessment of $2,000. In a Chapter 7 does the trustee manage the HOA? At Continental, you are more than a member; you are part of the family. 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. 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.. 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! In the mean time the proshop will still be open Tuesday- Saturday 9am-4pm. For more information contact Continental Country Club Guest Services at . Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. The January newsletter provided to homeowners did reference that bankruptcy was an option that was being considered. In a Chapter 7 does the HOA remain in place? Kroger Near The Villages FlView My Lists Kroger Pay. Find 1036 listings 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 The criteria is based on the HOA community rules and regulations, bylaws and accountability. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. Email notifications are only sent once a day, and only if there are new matching items. Contrary to the Associations statements, a partial repair would cost nowhere near the millions of dollars suggested by the Association. How does the Chapter 11 filing affect me as a Continental Country Club Member? 2380 N. Oakmont Drive, Flagstaff, AZ 86004 (928) 526-5125 www.continentalflagstaff.com . 50 Continental Blvd. You can cancel at any time. The Trustee is charged with maximizing distributions to creditors. 219 4. These properties have individual property management companies who handles their CC&R enforcement and day-to-day operation. 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! 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. Email notifications are only sent once a day, and only if there are new matching items. It bolstered the property values of homes located on the waterfront and was a gorgeous sight to see. We will keep our facilities open and our employees will be working to ensure business as usual. Arizona HOA Faces Bankruptcy Over Man-Made Lake Continental Country Club Resorts, Wildwood, FL Real Estate & Homes for This anomaly resulted in 1994. The special assessment will go into effect immediately and the annual dues increase, phased over three years, is estimated to begin in 2024. https://continentalflagstaff.com/planning-for-a-special-assessment-of-2000/, As the CC&Rs are currently written, townhome and condos have the right to vote on special assessments and on annual assessment increases of over 20%. HOA of Continental CC Files for Chapter 11 Protection - Club The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. When will we know about the timing and amount of any assessments that will be needed? Below you can find information for the homeowners association including HOA fee includes, community features and amenities. If it is to be divested, it must be accepted by a third party. continental country club hoa fees. Other areas of compromise included an offer to push out the full Lake Elaine repair as long as 10 years, providing additional running room to plan and capitalize for a proper longer-term repair. 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. 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. Caractersticas Helly Hansen Arctic Patrol H2Flow Parka. Contenido de 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. Joining the Continental Country Club HOA is the easiest way to protect your property's value! Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. You have permission to edit this article. The question is why. 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. Now, the HOA faces bankruptcy if it can't come up with $2.5 million. The availability of these amenities, whether used or not, makes CCC a desirable neighborhood and increases property values. Continental Country Club's HOA files for Chapter 11 bankruptcy One thing to remember, you will be required to pay additional Home Owner . Continental Country Club in Wildwood, Florida, USA | GolfPass But, in the 1990s, disaster struck. Then starting in 2024, full members would owe an additional $97 for 2024, 2025 and 2026. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. How much are you paying for these signs Im seeing, and this PR firm? Cracked limestone makes up the karst geologic formation beneath a worn-out section of concrete and plastic liner on the edge of Lake Elaine in the Continental Country Club in this 2016 photo. Flagstaff, Feb. 12, 2021 Continental Country Club is a great place to live and provides many amenities for the broader community. 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. All Single-Family homes governed by the CC&Rs are obligated to pay an annual lot assessment. When were the clubhouse and clubhouse pool built? Its those reasons why the Club went into Chapter 11 bankruptcy in February of 2021. Continental Country Club HOA in Chula Vista, CA No true repairs have been made to the Lake since 1994. The Continental Country Club in Flagstaff is bankrupt. The first payment would be due the same day as the due date for the special assessment. Is there a Special Assessment Payment Plan? The Lake Elaine lawsuit was based on a 1990 Amended Judgement and Settlement that was rejected by the bankruptcy court earlier this year. Pennsylvania - Wikipedia Copyright 2023 Continental Country Club FL All Rights Reserved. PDF Continental Country Club Design Review Form - Cybergolf Round Table Discussions will be held on every, We will also be having Town Hall Meetings for everyone who is interested in attending. Are you looking for a great 55+ retirement community? How do timeshares fit into the funding picture? Some of that is the result of limitations on the Associations revenues and on its ability to raise dues or impose special assessments. 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. Can I see a Reserve Study Summary of expenditures broken out by amenity? The money for the signs was donated. It is disingenuous for any group to shift the blame to the reserve study, and then not vote to fund the maintenance and improvements identified in the study.. Beyond the potential Lake Elaine obligations, we have a 50-year-old building, and numerous amenities. The community is gated, includes 24/7 security and even allows pets. Do all members of the HOA get to vote for the new HOA Dues and Special Assessment? Helly Hansen Active Winter sulejope UUS! 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. View Properties for Sale at Continental Country Club located in Wildwood, FL. Continental owns and maintains the Walnut Canyon Lakes, and the Associations own experts have testified that Lake Elaine can be repaired. Continental Country Club HOA is a community located in Chula Vista, CA (San Diego County). Flyer Link. 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. 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. The Ferraro Groups contract and the previous Cindy May Marketing contract are for the same amount. Register for our eClub to receive regular offers and updates from Continental CC! Each year, members may elect a new board or move to a professional management association. How do timeshares fit into the funding picture? 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. It has not been a normal winter in Flagstaff. The failure to plan by the association, the failure to reserve funds, have really put the association in a tough spot.. To hear Peter and Daves interview with Continental Country Club General Manager Talia Murray, click here: Great Circle Media serves Flagstaff, Prescott, Sedona, and the surrounding areas with Northern Arizonas Best Radio Stations! 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. He is a big sweetheart but a little too rough for my Pygmy Goats. As with any kind of public HOA restructuring, the CCC bankruptcy could create some market uncertainty on the impacted houses, however this kind of impact should be short-lived and was inevitable given CCCs financial condition and potential Lake Elaine liabilities that must be addressed under the courts recent preliminary ruling. As we now know, market conditions have been favorable for most of the real estate market, including our CCC properties. 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 work and fines until the lake was filled amounted to a lot of money that our Association does not have. The remaining properties consist of Townhomes, Condos and timeshares. Not necessarily. Continental Country Club has 2,395 owners. Unfortunately, this was the only possible conclusion, and once decided, needed to be acted upon quickly. Get up-to-the-minute news sent straight to your device. Held says the bankruptcy wont close the golf course or force any layoffs and daily operations will go on as normal. So long as CCC owns the property, at a minimum, it will remain liable for public safety/nuisance issues and dam maintenance obligations with the State of Arizona. Professional management associations still report to a board of directors which makes final decisions. For the good of our residents and those who enjoy our facilities, it was time to take action.. . But the residents involved in the class action suit believe repairing the lake isn't nearly that expensive. Continental Country Club Ro, Wildwood, FL - HOA Board, Property Mgr 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 Subscribe to our Daily Headlines newsletter. Print Subscribe Was this page helpful? 3. So, we either pay the known $2.5 million now, or pay more later up to the $15 million? 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. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. What about the special assessment or other fees? 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. 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! The question is why. Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. https://continentalflagstaff.com/fee-schedule-to-support-the-reorganization-plan/. When were the clubhouse and clubhouse pool built? If the Assessment and dues increase fails, and the HOA converts to Chapter 7, will the Lake Elaine lawsuit continue? That's not true. 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. ", 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 owners of these properties are also obligated to pay annual assessments to CCC based on their respective CC&Rs. . In 2006 Continental Country Club succeeded in unifying (11) different sets of CC&Rs for individual single-family subdivisions. {{start_at_rate}} {{format_dollars}} {{start_price}} {{format_cents}} {{term}}, {{promotional_format_dollars}}{{promotional_price}}{{promotional_format_cents}} {{term}}, Nebraska cheerleader competes by herself at state competition, but crowd doesn't let her feel alone, One we will all remember: Flagstaff sees second-snowiest winter in recorded history to date, Trees also feeling effects of winter storms in Flagstaff, Driver arrested for DUI, kidnapping after hitting a Flagstaff police patrol vehicle, Flagstaff History: Powwow is a 'go' for summer, Flagstaff Eagles win first girls basketball title in 31 years, The experience for jurors in Coconino County is changing, Letter to the Editor: Local pleads to city to put foot down on short-term rentals, Investigation underway after body found near Sunset Crater National Monument, Flagstaff schools planning to make up instructional time after this winter's snow days, Flagstaff and Summit Fire crews battle Baderville house fire in a blizzard Thursday night, KFC is bringing back a fan favorite after a nearly 10-year hiatus, Former NFL star Chad Johnson says he saved money by living inside Cincinnati Bengals stadium for 2 years, Another winter storm to drop 14-22 inches of snow on Flagstaff, northern Arizona, Global race is on to improve EV range in the cold, Moscow reportedly threatened new parents in Ukraine: Register your newborns as Russian or else, The impact of climate change will be felt worse in these three U.S. cities, Scientists reveal hidden corridor in Great Pyramid of Giza. 2380 N Oakmont Dr 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. 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. There are a lot of different options when it comes to housing in Continental Country Club. There were several additions made in the 1970s. This discount allows members & guests to enjoy the lowest rates offered on our rack card. Held says the work would take time and millions of dollars. A July 14 article for the Arizona Daily Sun explored the issue through testimony from management of the country. The Course is open to homeowners and timeshare owners residing within subdivisions of Continental Country Club's Homeowners Association. This one-acre park, opened in 2013, includes a playground with a swing set and a picnic table. Please subscribe to keep reading. Buying a new home in the Continental area? 4530 Red Fox Ln, Flagstaff, AZ 86004 | MLS# 192424 | Redfin 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. You can cancel at any time. Log in, Continental Country Club HOA in Chula Vista, CA, Terraza at Otay Ranch Village HOA in Chula Vista, CA, Chula Vista Bayfront HOA in Chula Vista, CA. Raising dues and increasing assessments is an important step to funding the reserves, Cohen's statement said.