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Our clubhouse is over 50 years old and the other amenities require maintenance and repair. Even more, we do all the work of the Deed Restriction for you! *Country Club Homeowners: This amount is for quarterly dues only and is separate from mandatory social membership dues. . If it is to be divested, it must be accepted by a third party. By 2026, the annual dues increase will be $189. Background: How did we get in this situation regarding Lake Elaine and the Bankruptcy? Are you looking for a great golf course?Are you looking for a great restaurant?Are you looking for a great 55+ retirement community?Then, youve come to the right place. Please subscribe to keep reading. It has not been a normal winter in Flagstaff. Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. Why are there currently some members paying different assessment rates? Not necessarily. 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.. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). Continental Golf Course Is CLOSED for the Season! The question is why. Continental Country Clubs HOA files for Chapter 11 bankruptcy. 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. Joining the Continental Country Club HOA is the easiest way to protect your property's value! For the most part, most of our Members should not be affected by this petition. ", 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. Yes, there is nothing inherent in Chapter 7 that dissolves the HOA. 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. This included an offer to complete a partial top-down repair to buy more time. and review fee to: Continental Country Club Architectural Control Committee 2380 N. Oakmont Dr. Flagstaff, AZ 86004 Front Rear Sides Lakeside Acres I 25 25 1) 25 Lakeside Acres II & III 20 20 10 Board Members for Continental Country Club Ro: Title Name Mailing Address Location; Dire . Deeper into Lake Elaine: Residents contend lake is not to blame for country clubs bankruptcy. The issues we are dealing with today began 30 years ago and the current board wasnt a part of. So, we either pay the known $2.5 million now, or pay more later up to the $15 million? 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.. 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 Board approved a two-tier membership now known as Associate and Full Membership to account for the difference in assessment levels. They pay the full membership dues and receive the same benefits. 150 Saab tingida. Still, Chapter 7 and the liquidation of assets that would follow are by no means in Continentals interests. What is the difference between Chapter 11 Reorganization and Bankruptcy? Homeowners have a duty to pay their annual dues and this holds true even while in a Chapter 11 reorganization. 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. The benefits are endless and your experiences will last a lifetime. Continental received $1500 in donations for marketing materials for the campaign. There has been much misinformation about the history of Lake Elaine and the ability to maintain lakes in this area. Are our property assessments used for this? Can I see a Reserve Study Summary of expenditures broken out by amenity? Example turn the golf course into single-family homes. Trees are falling in Flagstaff and have been compromised as a result of recent winter storms. 3. Give Us A Call: 1-888-452-6595. 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.. There are many unknowns under Chapter 7, which could include part or all of the current $15M bankruptcy claim from the lakefront owners and loss of amenities while still paying for them. The criteria is based on the HOA community rules and regulations, bylaws and accountability. 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. 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. View 17 homes in Continental Country Club listed under Lake, Marion, Sumter & West Orange Marina Golf Course Pet Friendly Waterfront 17 homes available Properties per Page 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. Why are there currently some members paying different assessment rates? HOA Fee Includes The following is a statement from Lakeside Homeowners At Continental: Continental Country Clubs Financial Challenges Result From Failure to Plan and Confront Obligations. 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. At the time, it was an asset to the HOA. Continental owns and maintains the Walnut Canyon Lakes, and the Associations own experts have testified that Lake Elaine can be repaired. Number of Units: 973 Offices of the Board of Directors and their Duties The officers of the board of directors are generally president, vice-president, secretary, treasurer and member at large. Please subscribe to keep reading. Get up-to-the-minute news sent straight to your device. At Continental, you are more than a member; you are part of the family. 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. Flyer Link. If you are looking for our main website, click here. The remaining properties consist of Townhomes, Condos and timeshares. The Course is open to homeowners and timeshare owners residing within subdivisions of Continental Country Club's Homeowners Association. A Chapter 11 Reorganization allows us to create a plan of reorganization (a new business plan) and show the court how CCC plans to effectuate the plan. However, the CC&Rs needed to be combined with the assessments at the amounts approved by each individual subdivision at that time. That fee would drop to $500 if the HOA begins refilling the lake, and continue until it is full. You have permission to edit this article. But Bliss also took issue with the HOAs suggestion that the issue over Lake Elaine was the primary cause of the bankruptcy. 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 court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. The Continental CC course can host up to 144 golfers at a time with a shot gun start. Were empathetic to those on fixed incomes, and offer payment plans to ease burdens. Becoming a member at Continental Country Club is an investment in yourself, your family and your future. That's not true. Meeste parka Helly Hansen Continental XL UUS. Continental Country Club has 2,395 owners. The fee had been set to begin at the start of February, . President - The president of the Board presides at all meetings of the Board of Directors. The costs are too much of a burden for members on a fixed income? 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. 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.. He said the HOA has several other significant expenses and issues that have prevented it from properly facing those issues. . The community is gated, includes 24/7 security and even allows pets. Here are the top City of Flagstaff stories from 2022. HOA Legal Name: CONTINENTAL COUNTRY CLUB R.O., INC. No true repairs have been made to the Lake since 1994. It is not true that the Lakeside Homeowners want to bankrupt [Continental], the Legionnaire statement says. 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. Continental County Club has filed for Chapter 11 bankruptcy protection, but daily operations wont change. https://continentalflagstaff.com/what-if-our-members-dont-approve/. Panda Express is expanding to east Flagstaff. Held says the work would take time and millions of dollars. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. What are we voting on, what is the timeline/details? How do timeshares fit into the funding picture? Continental Country Club mostly features cozy homes that are very reasonably priced. Our members are what makes the social membership so special. All owners of lots subject to the declaration are required to be members of Continental Country Club, Inc., per the recorded declaration. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! 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. What happens if 2 YES (APPROVE) for Special Assessment and Annual Dues Increase? Raising dues and increasing assessments is an important step to funding the reserves, Cohen's statement said. For these reasons, they continue to urge Continental residents to vote to approve the specially assessment payment of $2,000 and the 20% increase on annual dues, suggesting its the financially responsible thing to do. Ensure continued use of our club amenities and environment. 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. 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. Wildwood, FL 34785. 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. Professional management associations still report to a board of directors which makes final decisions. A 1991 class action lawsuit ruling stated the lake must remain full. 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. 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. What is the source of funds that are being used to pay for all the signage and banners to support the special assessment? HOA Legal Name: CONTINENTAL COUNTRY CLUB, INC. Reserve funds are used for large projects such as replacements or repairs within the homeowners association. The Ferraro Groups contract and the previous Cindy May Marketing contract are for the same amount. 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. The availability of these amenities, whether used or not, makes CCC a desirable neighborhood and increases property values. Flagstaff City Championship Flyer 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. Once that happens, and at the approval of the homeowners, selling the golf course is something that can be discussed. 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. Four Star Homes has Properties in Adult, Family, and Senior Communities throughout Central Florida. Home to one of the best-rated public golf courses in Flagstaff, AZ. 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. 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. The reorganization plan imposes an increase to our annual assessment that will be phased in over three years beginning in 2024. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. Tract D (Lake Elaine) is currently owned by the Association. 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. We have compensated by charging usage fees and not giving golf discounts to those who do not pay the full amount. 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. 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. Is there money set aside for the management of the HOA & enforcement of CC&Rs? The Trustee is charged with maximizing distributions to creditors. This area is served by the Sweetwater Union High attendance zone. Court reservations required. 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. 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. An HOA faces bankruptcy because of its man-made lake. Will all country club members be allowed on the new redeveloped lake? Is there a Special Assessment Payment Plan? 27470 Jefferson Ave. Pizza making Mamma mia, we love this one! 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. The Continental Country Club course is filled with par 3s and par 5s, offers beautiful mountain views and a friendly, neighborhood environment. 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. 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. 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. But the residents involved in the class action suit believe repairing the lake isn't nearly that expensive. 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. Round Table Discussions will be held on every, We will also be having Town Hall Meetings for everyone who is interested in attending. At the beginning of the Chapter 11 process, we explained that values may be negatively affected. 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 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. This community dates back to 1975 and has continued to develop over the years. Reach him at sgolightly@azdailysun.com, on Twitter at @sean_golightly, or on Instagram at @golightly_writes. Search And Rescue Crews Tended To An Injured Hiker On Mt. Is it possible to leave the HOA so we're not part of it? Why didnt the Board give us a warning that this was going to happen? Continental Country Club is a neighborhood in Wildwood, Florida. Continental Country Club Listings. Multi-Unit Information Community Amenities: Clubhouse, Golf, Pool/Spa, Tennis Court Parking Information Garage Type: Garage Door Opener Garage Type: Garage Capacity: 7.00 Homeowners Association Information HOA Fees: 550.00 HOA Frequency: Yearly HOA Name: Continental Country Club HOA Contact #: 928.526.5125 Fee: Continental Country Club HOA or Social Membership fee required. 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. One that was, you know, competent., Financial mismanagement reaches further back than the 2020 study, said resident John Nilsson. Are you looking for a great 55+ retirement community? But, in the 1990s, disaster struck. 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. 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. There are many unknowns associated with a conversion to Chapter 7. These homeowners the Class believe that the Association has options to address its financial challenges. That resulted in two levels. 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/. {{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. There is a one-time special assessment of $2,000. Unfortunately, this was the only possible conclusion, and once decided, needed to be acted upon quickly. The funds usually have strict criteria for how they are to be used. When were the clubhouse and clubhouse pool built? Selling the golf course is not legally a feasible option until we emerge from Chapter 11 bankruptcy. Flagstaff, AZ 86004, Call Continental Country Club at (928) 526-5125, on our EZLinks tee times page in a new tab. 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" St Ignatius Baseball Roster,
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