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. 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.. The Coconino County Superior Court agreed, and for this reason found the Association in contempt of the 1990 Judgment, imposing daily sanctions to encourage compliance. 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. An HOA faces bankruptcy because of its man-made lake. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). Is it possible to leave the HOA so we're not part of it? They pay the full membership dues and receive the same benefits. Meeste parka Helly Hansen Continental XL UUS. 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. Now, it has turned to owners for funding. Why are there currently some members paying different assessment rates? The following is a statement from Lakeside Homeowners At Continental: Continental Country Clubs Financial Challenges Result From Failure to Plan and Confront Obligations. Its those reasons why the Club went into Chapter 11 bankruptcy in February of 2021. The failure to plan by the association, the failure to reserve funds, have really put the association in a tough spot.. Please subscribe to keep reading. Get up-to-the-minute news sent straight to your device. Home to one of the best-rated public golf courses in Flagstaff, AZ. 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. At the time of the study, Continentals reserve balance was $54,291. Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. 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. Panda Express is expanding to east Flagstaff. 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. What is the process required to divest the HOA of Lake Elaine? Ensure continued use of our club amenities and environment. We also have aging facilities that require upkeep with an insignificant amount of reserves. $273 Buyer's Agent Commission 2.5% Street View Directions Ask Redfin Agent Cody a Question Cody Bauer Flagstaff Redfin Agent Continental Country Club - 78 Spaces is an apartment community located in San Diego County and the 91911 ZIP Code. Continental Country Club HOA is a community located in Flagstaff, AZ (Coconino County). Much of these claims of mismanagement are founded on an October 2020 Reserve Study of Continentals reserve fund to evaluate how it would maintain reserves above an adequate, not excessive threshold during one or more years of significant expenditures.. Why did the Board decide to take this step now? Not currently but we hope that our members will approve the two fees required to support the reorganization plan that will provide our HOA with a healthier and stronger future. At Continental, you are more than a member; you are part of the family. Give Us A Call: 1-888-452-6595. At the time, it was an asset to the HOA. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. The Board approved a two-tier membership now known as Associate and Full Membership to account for the difference in assessment levels. They want the lake fixed, Bliss said. Subscribe to our Daily Headlines newsletter. How much are you paying for these signs Im seeing, and this PR firm? 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. Joining the Continental Country Club HOA is the easiest way to protect your propertys value! The Continental Country Club constructed Lake Elaine back in the 1970s. This offer was rejected, and the Class finds it unfortunate that the Association refused to further negotiate before moving forward with Chapter 11 in secret with no transparency or consultation of any members. Great Circle Media serves Flagstaff, Prescott, Sedona, and the surrounding areas with Northern Arizonas Best Radio Stations! That resulted in two levels. There are many types of townhomes available from $300,000 - $500,000. There was a problem saving your notification. They don't want to claim for damages. For the good of our residents and those who enjoy our facilities, it was time to take action.. What about the special assessment or other fees? Flagstaff, AZ 86004, Call Continental Country Club at (928) 526-5125, on our EZLinks tee times page in a new tab. to fines, and Continental Country Club HOA reserves the right to require restoration of the property to its prior condition. Email notifications are only sent once a day, and only if there are new matching items. 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 . Unfortunately, this was the only possible conclusion, and once decided, needed to be acted upon quickly. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. 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.. 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 benefits are endless and your experiences will last a lifetime. 2380 N Oakmont Dr Continental Country Club is a neighborhood in Wildwood, Florida. 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. The Country Inn at Camden Rockport Show prices Enter dates to see prices 505 reviews #1 Best Value of 15 places to stay in Rockport By Allyson R "The staff is fantastic, the room clean and comfortable, the continental breakfast delicious and hot. 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. The Trustee is charged with maximizing distributions to creditors. This anomaly resulted in 1994. If the Assessment and dues increase fails, and the HOA converts to Chapter 7, will the Lake Elaine lawsuit continue? The costs are too much of a burden for members on a fixed income? Fee: Continental Country Club HOA or Social Membership fee required. Why are there currently some members paying different assessment rates? Lease Details & Fees Details Property Information 78 units/1 story Location 445 Orange Ave , Chula Vista , CA 91911 Get Directions This Property Available Property A Flagstaff man is behind bars, charged with aggravated DUI and kidnapping. For more information contact Continental Country Club Guest Services at . How does the Chapter 11 filing affect me as a Continental Country Club Member? Yes, on November 16, 2021 the board unanimously passed a one-time resolution allowing townhome/condominium members a vote on the two fees that are required to support the reorganization plan. The required work would require Engineers, Contractors, and time. Selling the golf course is not legally a feasible option until we emerge from Chapter 11 bankruptcy. Now, the association is asking homeowners to vote to approve two items a one-time fee and an increase in annual dues. Are you looking for a great restaurant? There are approximately 1,360 single-family homes (in addition to 1,030 townhouses, condos, and timeshares) within the Continental Country Club Homeowners Association. Our members are what makes the social membership so special. Print Subscribe Was this page helpful? 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. 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. By 2026, the annual dues increase will be $291. Will there be an increase to my annual assessment? Round Table Discussions will be held on every, We will also be having Town Hall Meetings for everyone who is interested in attending. Are the fines associated with the October 2020 preliminary ruling being assessed currently? If I haven't yet paid my annual dues, will they still have to be paid? 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. Option #1 would be to deed the land to the 52 lakefront owners and pay them $2.5 million to repair and maintain the lake in perpetuity. Once that happens, and at the approval of the homeowners, selling the golf course is something that can be discussed. If we pay the $2.5M now, were done forever, other than ongoing maintenance of the small ponds, according to Judge Ballinger. {{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. junio 12, 2022. jonah bobo 2005 . He said the HOA has several other significant expenses and issues that have prevented it from properly facing those issues. Held says the bankruptcy wont close the golf course or force any layoffs and daily operations will go on as normal. 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 area is served by the Sweetwater Union High attendance zone. 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. So, we either pay the known $2.5 million now, or pay more later up to the $15 million? The CC&Rs govern 1,210 single family homes. 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. That would be within the discretion of the trustee. All owners of lots subject to the declaration are required to be members of Continental Country Club, Inc., per the recorded declaration. A July 14 article for the Arizona Daily Sun explored the issue through testimony from management of the country. Will all country club members be allowed on the new redeveloped lake? We have the receipts. 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. 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. 150 Saab tingida. The HOA fees in this community is about $265 to $320 a month, depending on location (golf course and waterfront lots are available) and includes lawn care and trash pick-up. Can a trustee remove the restrictions on the use of the golf course to sell it for maximum value? In a Chapter 7 does the trustee manage the HOA? 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. https://continentalflagstaff.com/what-if-our-members-dont-approve/. Continental Country Club home prices vary from luxury homes to more affordable homes that might be perfect for first-time buyers. Sean Golightly reports on the environment and the city of Flagstaff. Continental owns and maintains the Walnut Canyon Lakes, and the Associations own experts have testified that Lake Elaine can be repaired. Is it possible to leave the HOA so we're not part of it? Before buying in Cont Country Club HOA you will want to check out their reserve funds, budgets, bylaws as well as the rules and restrictions of the community. These membership tiers are subdivision specific. Continental received $1500 in donations for marketing materials for the campaign. Buying a new home in the Continental area? 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. 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 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. https://continentalflagstaff.com/fee-schedule-to-support-the-reorganization-plan/. This option would release the Association from, Option #2 would be to spend that $2.5 million and create the new amenity. Come see us today! Can we just abandon the property? 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! The Course is open to homeowners and timeshare owners residing within subdivisions of Continental Country Club's Homeowners Association. 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 That's not what any of our folks want. They say Lake Elaine can be fixed, and that Continental can afford it but is using bankruptcy to shirk legal obligations established in 1990, suggesting that the Lake Elaine issue is being used to distract from a bigger issue: decades of financial mismanagement. 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. For the most part, most of our Members should not be affected by this petition. 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! Please subscribe to keep reading. Chapter 11 Reorganization | FAQ | Communication with Members | Court Motions & Hearings | Media Announcements. The question is why. 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. The association has said that any lake repair would cost millions of dollars. . There is a one-time special assessment of $2,000. Continental Country Club has 2,395 owners. 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!
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