While the pending contempt order and associated fines were the catalyst for this action, there were also underlying considerations including an October 21 obligation to pay a $600,000 balloon payment incurred when funds were borrowed to install a new golf course irrigation system in October 2011. There are many unknowns associated with a conversion to Chapter 7. This anomaly resulted in 1994. At the beginning of the Chapter 11 process, we explained that values may be negatively affected. Voting to approve these additional funds ends July 28. A future owner of your home may find golf or the other amenities appealing. The Kroger Co. 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. Sean Golightly reports on the environment and the city of Flagstaff. Are our property assessments used for this? Is there money set aside for the management of the HOA & enforcement of CC&Rs? A July 14 article for the Arizona Daily Sun explored the issue through testimony from management of the country. What happens if 2 YES (APPROVE) for Special Assessment and Annual Dues Increase? The special assessment can be paid over two years with eight (8) quarterly payments of $261 (which includes 5% interest). *Country Club Homeowners: This amount is for quarterly dues only and is separate from mandatory social membership dues. This area is served by the Sweetwater Union High attendance zone. 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. Then, you've come to the right place. https://continentalflagstaff.com/fee-schedule-to-support-the-reorganization-plan/. 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. Thank you to everyone who came out and play, we are looking forward to some exciting changes in-store for next year. Schedule: No open play during the off-season (Nov-Apr). Why didnt the Board give us a warning that this was going to happen? Our main desire is for members and guests, alike, to have a memorable golfing experience. Flyer Link. 2380 N Oakmont Dr By 2026, the annual dues increase will be $189. . 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. Example turn the golf course into single-family homes. That resulted in two levels. Print Subscribe Was this page helpful? 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 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. Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. If I haven't yet paid my annual dues, will they still have to be paid? The . Here are the top City of Flagstaff stories from 2022. Dues increases and/or special assessment would have been necessary even if a professional management company was involved. junio 12, 2022. jonah bobo 2005 . Learn More on our tournaments page. 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. Subscribe to our Daily Headlines newsletter. When will we know about the timing and amount of any assessments that will be needed? We will keep our facilities open and our employees will be working to ensure business as usual. There are condominiums, big and small, that you can purchase in the $180,000 - $300,000 price range. 50 Continental Blvd. Come see us today! Will there be an increase to my annual assessment? In a Chapter 7 does the HOA remain in place? The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. 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. . How will this affect the value of my home? 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. Can a trustee remove the restrictions on the use of the golf course to sell it for maximum value? Background: How did we get in this situation regarding Lake Elaine and the Bankruptcy? The Trustee is charged with maximizing distributions to creditors. Can I see a Reserve Study Summary of expenditures broken out by amenity? Why am I paying for amenities I dont use? For the most part, most of our Members should not be affected by this petition. How do timeshares fit into the funding picture? For more information contact Continental Country Club Guest Services at . These properties have individual property management companies who handles their CC&R enforcement and day-to-day operation. I dont golf. We also have aging facilities that require upkeep with an insignificant amount of reserves. Unfortunately, this was the only possible conclusion, and once decided, needed to be acted upon quickly. On this point, the Legionnaires agree. Now, it has turned to owners for funding. The Villages, FL 32162 Directions. There has been much misinformation about the history of Lake Elaine and the ability to maintain lakes in this area. continental country club hoa fees. Are the fines associated with the October 2020 preliminary ruling being assessed currently? He is a big sweetheart but a little too rough for my Pygmy Goats. Our clubhouse is over 50 years old and the other amenities require maintenance and repair. From AU$247 per night on Tripadvisor: Starlight Lodge at Rockport Harbor, Rockport. 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. Becoming a member at Continental Country Club is an investment in yourself, your family and your future. 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. The availability of these amenities, whether used or not, makes CCC a desirable neighborhood and increases property values. But some lakefront residents on the other side of the legal battle have a different perspective. Continental Country Club HOA is a community located in Chula Vista, CA (San Diego County). Please subscribe to keep reading. When were the clubhouse and clubhouse pool built? 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 intent in filing Chapter 11 Reorganization was to give CCC the opportunity to develop a reorganization plan and develop a solid financial footing for the future. Without an additional court order, the Trustee steps into the Debtors shoes and inherits any and all land restrictions, encumbrances, etc. Yes, there is nothing inherent in Chapter 7 that dissolves the HOA. 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. The funds usually have strict criteria for how they are to be used. to fines, and Continental Country Club HOA reserves the right to require restoration of the property to its prior condition. There were several additions made in the 1970s. That's not what any of our folks want. 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. Even more, we do all the work of the Deed Restriction for you! How much are you paying for these signs Im seeing, and this PR firm? The Continental Country Club course is filled with par 3s and par 5s, offers beautiful mountain views and a friendly, neighborhood environment. The restrictions contained in a declaration are covenants that run with the land and cannot be terminated by the owner. 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. 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. 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. 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. 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. 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. The Lakeside Homeowners would lose as much as any other owner would if the bankruptcy ended in a liquidation.. Flagstaff City Championship Flyer The first payment would be due the same day as the due date for the special assessment. Even more, we do all the work of the Deed Restriction for you! 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. Not necessarily. Will there be a special assessment to help cover some of the debts? Continental Country Club HOA is a community located in Flagstaff, AZ (Coconino County). Continental Country Club Powered by GolfNow.com Book a Tee Time Satellite Layout Tees Track Rounds Scorecard Course Details Year Built 1972 Golf Season Year round Architect Ron Garl (1972) Rentals/Services Carts Yes - included in green fees Clubs Yes Practice/Instruction Driving Range Yes Golf School Academy Yes - "Stephen Wresh Golf Academy" If you are looking for our main website, click here. This community dates back to 1975 and has continued to develop over the years. Can we just abandon the property? Indeed, in a letter to HOA members, Held said the organization also has a $600,000 balloon payment on a loan taken out in 2011 for the installation of a new irrigation system. 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. 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. 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. 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. . 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. Deeper into Lake Elaine: Residents contend lake is not to blame for country clubs bankruptcy. What happens if we vote NO (DO NOT APPROVE) or dont meet the quorum requirement after two tries? If I havent yet paid my annual dues, will they still have to be paid? The lake level has been falling because water is seeping out despite previous attempts to seal the lake bottom. 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! HOA Legal Name: CONTINENTAL COUNTRY CLUB R.O., INC. Are you looking for a great 55+ retirement community? The question is why. 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. 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! They don't want to claim for damages. But, in the 1990s, disaster struck. 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. Is it possible to leave the HOA so we're not part of it? Continental Golf Course Is CLOSED for the Season! The Class also estimates this temporary solution could be completed quickly in months, not years. Will all country club members be allowed on the new redeveloped lake? 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. 2380 N. Oakmont Drive, Flagstaff, AZ 86004 (928) 526-5125 www.continentalflagstaff.com . You can cancel at any time. Now, the association is asking homeowners to vote to approve two items a one-time fee and an increase in annual dues. The question is why. 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.. 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 Copyright 2023 Continental Country Club FL All Rights Reserved. This one-acre park, opened in 2013, includes a playground with a swing set and a picnic table. Get up-to-the-minute news sent straight to your device. . Situated below Mount Elden in Flagstaff, AZ, the 18-hole championship golf course at Continental Country Club was designed by Bob E. Baldock. There was a problem saving your notification. Continental Country Club is a neighborhood in Wildwood, Florida. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. Some of that is the result of limitations on the Associations revenues and on its ability to raise dues or impose special assessments. 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 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! The truth is that the Association has simply failed to perform any real repair or maintenance of the Lake for 27 years now. Why did the Board decide to take this step now? Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. Do all members of the HOA get to vote for the new HOA Dues and Special Assessment? Log in, Continental Country Club HOA in Flagstaff, AZ, Forest Highlands Golf Club HOA in Flagstaff, AZ, Railroad Springs Townhomes HOA in Flagstaff, AZ. If it is to be divested, it must be accepted by a third party. These membership tiers are subdivision specific. Continental County Club has filed for Chapter 11 bankruptcy protection, but daily operations wont change. More information on the voting process for residents of the neighborhood can be found at continentalflagstaff.com/the-voting-process-on-the-two-fees/. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. Starting in 2024, associate members would owe an additional $63 for 2024, 2025, and 2026. At the time, it was an asset to the HOA. Give Us A Call: 1-888-452-6595. All Single-Family homes governed by the CC&Rs are obligated to pay an annual lot assessment. Great Circle Media serves Flagstaff, Prescott, Sedona, and the surrounding areas with Northern Arizonas Best Radio Stations! 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. 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. All owners of lots subject to the declaration are required to be members of Continental Country Club, Inc., per the recorded declaration. But [Continental] withdrew from those discussions and instead filed for bankruptcy., One of these flexible options that the Legionnaires indicated would be acceptable to them is a plan to refill Lake Elaine to a lower elevation below where a majority of the lakes liner failure and leaks have been occurring.
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