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219 4. 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. Buying a new home in the Continental area? Flagstaff City Championship Flyer We will keep our facilities open and our employees will be working to ensure business as usual. 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. 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. 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. Becoming a member at Continental Country Club is an investment in yourself, your family and your future. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! That's not what any of our folks want. The issues we are dealing with today began 30 years ago and the current board wasnt a part of. For every four gallons of water that is pumped into the lake each day, three gallons are lost to seepage into the ground. 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.. On this point, the Legionnaires agree. By 2026, the annual dues increase will be $189. What are we voting on, what is the timeline/details? The Continental Country Club course is filled with par 3s and par 5s, offers beautiful mountain views and a friendly, neighborhood environment. 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. The . $273 Buyer's Agent Commission 2.5% Street View Directions Ask Redfin Agent Cody a Question Cody Bauer Flagstaff Redfin Agent Continental Country Club mostly features cozy homes that are very reasonably priced. President - The president of the Board presides at all meetings of the Board of Directors. 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. Even more, we do all the work of the Deed Restriction for you! Main: (928) 526-5125Oakmont: (928) 526-7990Golf Shop: (928) 527-7997Bear Paw: (928) 522-1588, 2023 CONTINENTAL COUNTRY CLUB ALL RIGHTS RESERVED. Fee: Continental Country Club HOA or Social Membership fee required. In a Chapter 7 does the HOA remain in place? Once that happens, and at the approval of the homeowners, selling the golf course is something that can be discussed. In 2006 Continental Country Club succeeded in unifying (11) different sets of CC&Rs for individual single-family subdivisions. View Properties for Sale at Continental Country Club located in Wildwood, FL. The CC&Rs govern 1,210 single family homes. 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 following is a statement from Lakeside Homeowners At Continental: Continental Country Clubs Financial Challenges Result From Failure to Plan and Confront Obligations. The Villages, FL 32162 Directions. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). Why dont we just sell the golf course to eliminate the large expense of deferred and ongoing maintenance? 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. 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. How will this affect the value of my home? Professional management associations still report to a board of directors which makes final decisions. In a recent newsletter to Continental residents, General Manager Tahlia Murray confirmed that if unable to emerge from Chapter 11 Bankruptcy and forced to file Chapter 7 Bankruptcy, the Lake Elaine lawsuit would cease, as the HOA cannot be sued by Lake Elaine property owners or any other entity under Chapter 7. There is a one-time special assessment of $2,000. Do all members of the HOA get to vote for the new HOA Dues and Special Assessment? 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. Situated below Mount Elden in Flagstaff, AZ, the 18-hole championship golf course at Continental Country Club was designed by Bob E. Baldock. Were empathetic to those on fixed incomes, and offer payment plans to ease burdens. What is the difference between Chapter 11 Reorganization and Bankruptcy? A Flagstaff man is behind bars, charged with aggravated DUI and kidnapping. Continental is responsible for those owners access to amenities and common area maintenance. There was a problem saving your notification. 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. The Social Membership is ideal for those living in the area that desire a place to enjoy the company of family and friends and meet other members of their community. 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 Is it possible to leave the HOA so we're not part of it? All owners of lots subject to the declaration are required to be members of Continental Country Club, Inc., per the recorded declaration. Subscribe to our Daily Headlines newsletter. The first payment would be due the same day as the due date for the special assessment. The property cannot be abandoned. Quick Facts Getting Around Continental Country Club Continental Country Club Learn more about this neighborhood. 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. 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. Email notifications are only sent once a day, and only if there are new matching items. Then, you've come to the right place. 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 The costs are too much of a burden for members on a fixed income? But, in the 1990s, disaster struck. 150 Saab tingida. 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 original clubhouse was built in 1960. 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. Join Us Today learn more on our membership page, Outing services feature green fees with cart, personalized cart signs, local rules sheet and much more. One that was, you know, competent., Financial mismanagement reaches further back than the 2020 study, said resident John Nilsson. 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/motion-to-reject-1990-agreement-granted/. The owners of these properties are also obligated to pay annual assessments to CCC based on their respective CC&Rs. What about the special assessment or other fees? There are condominiums, big and small, that you can purchase in the $180,000 - $300,000 price range. 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. Zillow has 3 homes for sale in 34785 matching Continental Country Club. The obligation to pay dues at least at their current level runs with the land. Back then, the increase had to be approved in each single-family subdivision. We also have aging facilities that require upkeep with an insignificant amount of reserves. All Single-Family homes governed by the CC&Rs are obligated to pay an annual lot assessment. The work and fines until the lake was filled amounted to a lot of money that our Association does not have. Subscribe to our Daily Headlines newsletter. 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 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. Mo. 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" Here are the top City of Flagstaff stories from 2022. There has been much misinformation about the history of Lake Elaine and the ability to maintain lakes in this area. Example turn the golf course into single-family homes. 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. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. 3. Trees are falling in Flagstaff and have been compromised as a result of recent winter storms. 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. 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. However, even if we cant use amenities, were still required to pay annual lot assessment fees even when unable to use amenities. {{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. But the residents involved in the class action suit believe repairing the lake isn't nearly that expensive. 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 the Assessment and dues increase fails, and the HOA converts to Chapter 7, will the Lake Elaine lawsuit continue? Selling the golf course is not legally a feasible option until we emerge from Chapter 11 bankruptcy. If you are looking for our main website, click here. 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. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). That resulted in two levels. This included an offer to complete a partial top-down repair to buy more time. 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. Continental Country Club Listings. 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. Are you looking for a great 55+ retirement community? Come see us today! Why are there currently some members paying different assessment rates? How do timeshares fit into the funding picture? There are constant ongoing repairs and improvements required for these assets that must be addressed. The Kroger Co. Deeper into Lake Elaine: Residents contend lake is not to blame for country clubs bankruptcy. Then starting in 2024, full members would owe an additional $97 for 2024, 2025 and 2026. Is there a way that the CC&Rs can be amended to give the townhome and condos the same voting rights as the single-family homeowners? 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. 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. For more information contact Continental Country Club Guest Services at . The remaining properties consist of Townhomes, Condos and timeshares. If I haven't yet paid my annual dues, will they still have to be paid? 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. 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. More information on the voting process for residents of the neighborhood can be found at continentalflagstaff.com/the-voting-process-on-the-two-fees/. This option would release the Association from, Option #2 would be to spend that $2.5 million and create the new amenity. The Trustee is charged with maximizing distributions to creditors. Not necessarily. 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. What happens if we vote NO (DO NOT APPROVE) or dont meet the quorum requirement after two tries? Please subscribe to keep reading. 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. This includes CC&Rs enforcement on the property, common area maintenance, amenities access and social activities. continental country club hoa fees. Membership in Continental is a result of home ownership. 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. Raising dues and increasing assessments is an important step to funding the reserves, Cohen's statement said. Continental Country Club HOA is a community located in Chula Vista, CA (San Diego County). Sign up for our newsletter to keep reading. 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. These properties have individual property management companies who handles their CC&R enforcement and day-to-day operation. There are no positives., Dissatisfied as the Legionnaires might be about the current state of Lake Elaine and Continentals proposed solutions, A successful vote is actually in everyones best interest, said Legionnaire and lakefront resident Tim Harrington in an email to the Arizona Daily Sun. 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. Is it possible to leave the HOA so we're not part of it? Below you can find information for the homeowners association including HOA fee includes, community features and amenities. This discount allows members & guests to enjoy the lowest rates offered on our rack card. 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. In November, the chain announced the first CFC would be built in Monroe, OH, near its home base of Cincinnati. Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. {{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. 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 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. Is there money set aside for the management of the HOA & enforcement of CC&Rs? 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. Continental Country Club's HOA files for Chapter 11 bankruptcy (AZ) 17 Feb, 2021 Print this article Font size - 16 + 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. 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. 2380 N. Oakmont Drive, Flagstaff, AZ 86004 (928) 526-5125 www.continentalflagstaff.com . The criteria is based on the HOA community rules and regulations, bylaws and accountability. If we convert to Chapter 7, the HOA cannot be sued by Lake Elaine property owners or any other entity. The required work would require Engineers, Contractors, and time. Who owns the property Lake Elaine is on and who is responsible for its redevelopment and construction? He is a big sweetheart but a little too rough for my Pygmy Goats. 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. Joining the Continental Country Club HOA is the easiest way to protect your property's value! What date did this filing for Chapter 11 Reorganization take effect? When were the clubhouse and clubhouse pool built? Continental Country Club filed a Chapter 11 Petition for Bankruptcy Protection on Tuesday, February 9th, 2021 in the U.S. Bankruptcy Court in the District of Arizona. Why did the Board decide to take this step now? Get up-to-the-minute news sent straight to your device. 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. Joining the Continental Country Club HOA is the easiest way to protect your propertys value! The Board President of the Homeowners Association of Continental Country Club in Flagstaff, . Are our property assessments used for this? 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. Four Star Homes has Properties in Adult, Family, and Senior Communities throughout Central Florida. Round Table Discussions will be held on every, We will also be having Town Hall Meetings for everyone who is interested in attending. To him, the results of this 2020 study were disturbing.. By 2026, the annual dues increase will be $291. The money for the signs was donated. The failure to plan by the association, the failure to reserve funds, have really put the association in a tough spot.. Can a trustee remove the restrictions on the use of the golf course to sell it for maximum value? HOA Documents Articles of Incorporation CC&Rs Bylaws Membership Policies Continental Country Club is a neighborhood in Wildwood, Florida. If we had hired a professional HOA management team a few years ago, could we have avoided all this? In the mean time the proshop will still be open Tuesday- Saturday 9am-4pm. 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. There were several additions made in the 1970s. And it's free! CCC also had a balloon payment due in October, for $600,000. 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. The question is why. Continental Country Club has 2,395 owners.