We have the receipts. Who owns the property Lake Elaine is on and who is responsible for its redevelopment and construction? Round Table Discussions will be held on every, We will also be having Town Hall Meetings for everyone who is interested in attending. Will there be an increase to my annual assessment? (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). Associate Members have the option to upgrade on an annual basis to full members, although full members do not have the option to become associate members. The property cannot be abandoned. 2380 N Oakmont Dr These membership tiers are subdivision specific. Are you looking for a great restaurant? Helly Hansen Active Winter sulejope UUS! Sign up for our newsletter to keep reading. Continental Country Club home prices vary from luxury homes to more affordable homes that might be perfect for first-time buyers. Voting to approve these additional funds ends July 28. Wildwood, FL 34785. Our members are what makes the social membership so special. 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. 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. Unfortunately, this was the only possible conclusion, and once decided, needed to be acted upon quickly. Not necessarily. Still, Chapter 7 and the liquidation of assets that would follow are by no means in Continentals interests. Each year, members may elect a new board or move to a professional management association. Why are there currently some members paying different assessment rates? Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. There is a one-time special assessment of $2,000. If Option B is selected, the redesign will be the Associations responsibility. What is the process required to divest the HOA of Lake Elaine? However, the CC&Rs needed to be combined with the assessments at the amounts approved by each individual subdivision at that time. Selling the golf course is not legally a feasible option until we emerge from Chapter 11 bankruptcy. Sign up for our newsletter to keep reading. To him, the results of this 2020 study were disturbing.. The Court also imposed on CCC a $700/day fine until water began flowing into the lake at which point the fine would be reduced to $500/day until the lake was filled. Email notifications are only sent once a day, and only if there are new matching items. Is it possible to leave the HOA so we're not part of it? I just see that as being poorly managed, Penoff said. Other factors include a $600-thousand balloon payment coming due on a loan that was taken out in 2011 to complete installation of a new irrigation system on the course, and additional costs far exceeded the revenue generated by HOA fees. 27470 Jefferson Ave. Pizza making Mamma mia, we love this one! Professional management associations still report to a board of directors which makes final decisions. The Board approved a two-tier membership now known as Associate and Full Membership to account for the difference in assessment levels. Search And Rescue Crews Tended To An Injured Hiker On Mt. 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. Continental Country Club mostly features cozy homes that are very reasonably priced. 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. 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. 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. Situated below Mount Elden in Flagstaff, AZ, the 18-hole championship golf course at Continental Country Club was designed by Bob E. Baldock. In 2017, residents came back and asked the court to hold the HOA in contempt for not following through on its mandate to keep the lake full. By 2026, the annual dues increase will be $291. There are approximately 1,360 single-family homes (in addition to 1,030 townhouses, condos, and timeshares) within the Continental Country Club Homeowners Association. Its those reasons why the Club went into Chapter 11 bankruptcy in February of 2021. Raising dues and increasing assessments is an important step to funding the reserves, Cohen's statement said. If APPROVED and Option A is selected, then the property will be deeded to the Lake Elaine owners. 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. The lake level has been falling because water is seeping out despite previous attempts to seal the lake bottom. Three People Were Killed In A Multi-Vehicle Accident On I-40 Near Williams Tuesday, Flagstaffs Mayor Paul Deasy Declares A State Of Emergency For The City Due To Post-Pipeline Fire Flooding, 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. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. The special assessment can be paid over two years with eight (8) quarterly payments of $261 (which includes 5% interest). ", 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. It has not been a normal winter in Flagstaff. 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. How much are you paying for these signs Im seeing, and this PR firm? Why are there currently some members paying different assessment rates? 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. We do support the vote for the additional funds for the homeowners association.. Now, the association is asking homeowners to vote to approve two items a one-time fee and an increase in annual dues. You have permission to edit this article. Get up-to-the-minute news sent straight to your device. It has asked residents to vote to approve a $2,000 special assessment payment and a 20% increase in annual dues to help the country club emerge from bankruptcy and turn Lake Elaine into something less costly. After the October 30th preliminary ruling, the board studied and reviewed all possibilities, along with speaking with several professionals and our attorneys. We do think that if we are unsuccessful in approving the fees necessary to support the reorganization plan, there will likely be a negative effect on property values with the reduced or possible loss of amenities currently enjoyed by HOA members including golf course or driving range, tennis or pickleball courts, swimming pool, clubhouse and Bear Paw Recreation Center. 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 availability of these amenities, whether used or not, makes CCC a desirable neighborhood and increases property values. And its free! The community is gated, includes 24/7 security and even allows pets. Get up-to-the-minute news sent straight to your device. What are we voting on, what is the timeline/details? The Kroger Co. 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. Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. Please subscribe to keep reading. The Continental Country Club in Flagstaff is bankrupt. Held says the work would take time and millions of dollars. 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. The filing for Chapter 11 reorganization stays those fines. That's not true. Mo. 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. If we pay the $2.5M now, were done forever, other than ongoing maintenance of the small ponds, according to Judge Ballinger. For the good of our residents and those who enjoy our facilities, it was time to take action.. There were several additions made in the 1970s. 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. The Lake Elaine lawsuit was based on a 1990 Amended Judgement and Settlement that was rejected by the bankruptcy court earlier this year. Continental is responsible for those owners access to amenities and common area maintenance. Log in, Continental Country Club HOA Chula Vista, CA, Alicante at San Miguel Ranch HOA Chula Vista, CA. 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. Example turn the golf course into single-family homes. Get Adobe Acrobat Reader free to view these files. Here are the top City of Flagstaff stories from 2022. 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. application fee details: $55 app fee online at our website bishoprealtygrp. There was a problem saving your notification. The question is why. All Single-Family homes governed by the CC&Rs are obligated to pay an annual lot assessment. The truth is that the Association has simply failed to perform any real repair or maintenance of the Lake for 27 years now. 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. 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. 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. 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. Are you looking for a great 55+ retirement community? All owners of lots subject to the declaration are required to be members of Continental Country Club, Inc., per the recorded declaration. He is a big sweetheart but a little too rough for my Pygmy Goats. By 2026, the annual dues increase will be $189. 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? 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. 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. 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! Give Us A Call: 1-888-452-6595. The reorganization plan imposes an increase to our annual assessment that will be phased in over three years beginning in 2024. 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. However, a Chapter 7 panel trustee would be appointed and all decisions regarding the operations of the HOA will be made by the Trustee. 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. They don't want to claim for damages. Continental Country Club - 78 Spaces is an apartment community located in San Diego County and the 91911 ZIP Code. 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 obligation to pay dues at least at their current level runs with the land. They want the lake fixed, Bliss said. Beyond the potential Lake Elaine obligations, we have a 50-year-old building, and numerous amenities. 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. Zillow has 3 homes for sale in 34785 matching Continental Country Club. Based on the HOAs rules, those fees can only be raised by a two-thirds vote by all members. They pay the full membership dues and receive the same benefits. For every four gallons of water that is pumped into the lake each day, three gallons are lost to seepage into the ground. Our main desire is for members and guests, alike, to have a memorable golfing experience. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. Instead it has chosen to walk away from its obligations through bankruptcy reorganization, creating a stigma impacting more than 2,500 Association members. 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. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. 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. Staffed with talented and devoted professionals, Continental Country Club is among the area's best-rated public courses. 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. If you are looking for our main website, click here. You have permission to edit this article. 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. A future owner of your home may find golf or the other amenities appealing. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! 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. If we had hired a professional HOA management team a few years ago, could we have avoided all this? continental country club hoa fees. But the residents involved in the class action suit believe repairing the lake isn't nearly that expensive. With huge increases in minimum wage, increasing expenses related to repairing, replacing and maintaining facilities, and rising water costs, along with the contempt action, sanctions, and order, and after exploring all other options, there was no other possible decision. 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.. Flagstaff, AZ 86004, Call Continental Country Club at (928) 526-5125, on our EZLinks tee times page in a new tab. The following is a statement from Lakeside Homeowners At Continental: Continental Country Clubs Financial Challenges Result From Failure to Plan and Confront Obligations. The Ferraro Groups contract and the previous Cindy May Marketing contract are for the same amount. Email notifications are only sent once a day, and only if there are new matching items. When were the clubhouse and clubhouse pool built? Panda Express is expanding to east Flagstaff. The January newsletter provided to homeowners did reference that bankruptcy was an option that was being considered. 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. The issues we are dealing with today began 30 years ago and the current board wasnt a part of. Can a trustee remove the restrictions on the use of the golf course to sell it for maximum value? 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. Will all country club members be allowed on the new redeveloped lake? How does the Chapter 11 filing affect me as a Continental Country Club Member? Continental Country Club General Manager Talia Murray says if approved, the one-time assessment can be paid over two years by residents and HOA fees wouldnt go up until 2024 and increase over three years. She adds however, if the plan isnt approved, Chapter 11 could turn into Chapter Seven and assets within the club could be sold off to pay for the current debt. That could mean events like, the annual Easter Egg hunt, breakfast with Santa and Lights on the Lawn could be in jeopardy. 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 was a problem saving your notification. This filing allows Continental and its homeowners the chance for a fresh start so we can best address several issues, Held said. 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. For more information contact Continental Country Club Guest Services at . The money for the signs was donated. 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. Some of that is the result of limitations on the Associations revenues and on its ability to raise dues or impose special assessments. . I dont golf. What about the special assessment or other fees? Then, you've come to the right place. The Continental Country Club constructed Lake Elaine back in the 1970s. 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. Court reservations required. 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. Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. . Subscribe to our Daily Headlines newsletter. 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.
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