Reserve your next round of golf with our quick and convenient online booking engine. The special assessment will go into effect immediately and the annual dues increase, phased over three years, is estimated to begin in 2024. https://continentalflagstaff.com/planning-for-a-special-assessment-of-2000/, As the CC&Rs are currently written, townhome and condos have the right to vote on special assessments and on annual assessment increases of over 20%. John Held, president of the board of directors for the country club sent out a letter Wednesday announcing the boards decision and the reasons why. Meeste parka Helly Hansen Continental XL UUS. They don't want to claim for damages. The Continental Country Club course is filled with par 3s and par 5s, offers beautiful mountain views and a friendly, neighborhood environment. 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. Some of that is the result of limitations on the Associations revenues and on its ability to raise dues or impose special assessments. 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. 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. 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. Continental Country Club HOA is a community located in Flagstaff, AZ (Coconino County). It is not true that the Lakeside Homeowners want to bankrupt [Continental], the Legionnaire statement says. Professional management associations still report to a board of directors which makes final decisions. Flagstaff, Feb. 12, 2021 - Continental Country Club is a great place to live and provides many amenities for the broader community. The criteria is based on the HOA community rules and regulations, bylaws and accountability. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). And its free! 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. 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. 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. Sean Golightly reports on the environment and the city of Flagstaff. At the time of the study, Continentals reserve balance was $54,291. The obligation to pay dues at least at their current level runs with the land. They want the lake fixed, Bliss said. The Wyndham Timeshares (125 units) are Full Members of Continental just like all other owners. An automatic stay is a provision in the bankruptcy law that temporarily prevents creditors, collections agencies, government entities, and individuals from pursuing Continental for amounts owed. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. The January newsletter provided to homeowners did reference that bankruptcy was an option that was being considered. HOA Documents Articles of Incorporation CC&Rs Bylaws Membership Policies By 2026, the annual dues increase will be $291. The lake level has been falling because water is seeping out despite previous attempts to seal the lake bottom. One that was, you know, competent., Financial mismanagement reaches further back than the 2020 study, said resident John Nilsson. 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. Four Star Homes has Properties in Adult, Family, and Senior Communities throughout Central Florida. The question is why. Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. That would be within the discretion of the trustee. 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. The money for the signs was donated. Continental Country Club mostly features cozy homes that are very reasonably priced. 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 Most of it, though, is the result of the Associations failure to plan and its collective failure to confront issues and take proactive steps to address them. 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. 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. Thank you to everyone who came out and play, we are looking forward to some exciting changes in-store for next year. What happens if 2 YES (APPROVE) for Special Assessment and Annual Dues Increase? No true repairs have been made to the Lake since 1994. 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. Now, the association is asking homeowners to vote to approve two items a one-time fee and an increase in annual dues. But, in the 1990s, disaster struck. Subscribe to our Daily Headlines newsletter. Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. 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. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. Sign up for our newsletter to keep reading. https://continentalflagstaff.com/what-if-our-members-dont-approve/. $273 Buyer's Agent Commission 2.5% Street View Directions Ask Redfin Agent Cody a Question Cody Bauer Flagstaff Redfin Agent Why are there currently some members paying different assessment rates? It has not been a normal winter in Flagstaff. 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. Yes, there is nothing inherent in Chapter 7 that dissolves the HOA. 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 Held says the work would take time and millions of dollars. There are a lot of different options when it comes to housing in Continental Country Club. 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 Country Club - 78 Spaces is an apartment community located in San Diego County and the 91911 ZIP Code. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). The hoa policies can change with time for Continental Country Club so if you see an error please contact us so we can fix it. 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 there a Special Assessment Payment Plan? What is the difference between Chapter 11 Reorganization and Bankruptcy? 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. Based on the HOAs rules, those fees can only be raised by a two-thirds vote by all members. 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. Here are the top City of Flagstaff stories from 2022. Bliss said the HOA also has lots of deferred maintenance fees, while also having some of the lowest member fees in the state. Home to one of the best-rated public golf courses in Flagstaff, AZ. These homeowners - the "Class" - believe that the Association has options to address its financial challenges. The perceived pattern of mismanagement plays into the perspective put forward in court by the suing class of lakefront homeowners the Lakeside Legionnaires as they call themselves. CCC also had a balloon payment due in October, for $600,000. 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. Deeper into Lake Elaine: Residents contend lake is not to blame for country clubs bankruptcy. An HOA faces bankruptcy because of its man-made lake. There is a one-time special assessment of $2,000. Continental Country Club HOA is a community located in Chula Vista, CA (San Diego County). 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. Will there be a special assessment to help cover some of the debts? Email notifications are only sent once a day, and only if there are new matching items. This community dates back to 1975 and has continued to develop over the years. Situated below Mount Elden in Flagstaff, AZ, the 18-hole championship golf course at Continental Country Club was designed by Bob E. Baldock. The issues we are dealing with today began 30 years ago and the current board wasnt a part of. 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. 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? 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. They are down to earth, fun-loving people that enjoy spending time together laughing over great food and refreshing drinks. Continental has known about its financial challenges for years, even decades, but neglected to plan for or properly address them. This includes CC&Rs enforcement on the property, common area maintenance, amenities access and social activities. Our clubhouse is over 50 years old and the other amenities require maintenance and repair. Then starting in 2024, full members would owe an additional $97 for 2024, 2025 and 2026. 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. 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. 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. Why am I paying for amenities I dont use? . View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. Even more, we do all the work of the Deed Restriction for you! 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. 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. In a Chapter 7 does the HOA remain in place? The Continental CC course can host up to 144 golfers at a time with a shot gun start. Tract D (Lake Elaine) is currently owned by the Association. 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! In the mean time the proshop will still be open Tuesday- Saturday 9am-4pm. Is it possible to leave the HOA so we're not part of it? The costs are too much of a burden for members on a fixed income? In a Chapter 7 does the trustee manage the HOA? By 2026, the annual dues increase will be $189. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! Reorganization comes after decades of the Association kicking the can down the road. 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. 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. 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. That's not what any of our folks want. The fee had been set to begin at the start of February, . Flyer Link. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! This included signage, team captain materials and t-shirts. Continental Country Club home prices vary from luxury homes to more affordable homes that might be perfect for first-time buyers. Who owns the property Lake Elaine is on and who is responsible for its redevelopment and construction? Payment $4,996 Price/Sq.Ft. We have the receipts. Continental Country Club Who are the members of CCC? . HOA Fee Includes The CC&Rs govern 1,210 single family homes. Trees are falling in Flagstaff and have been compromised as a result of recent winter storms. Example turn the golf course into single-family homes. 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. 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. Court reservations required. When will we know about the timing and amount of any assessments that will be needed? Panda Express is expanding to east Flagstaff. Beyond the potential Lake Elaine obligations, we have a 50-year-old building, and numerous amenities. Instead it has chosen to walk away from its obligations through bankruptcy reorganization, creating a stigma impacting more than 2,500 Association members. The Class also estimates this temporary solution could be completed quickly in months, not years. The availability of these amenities, whether used or not, makes CCC a desirable neighborhood and increases property values. 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. Continental Country Club Listings. 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. In a media release, the HOA board seemed to attribute most of their problems to recent legal action over Lake Elaine, a man-made lake within the country club that has been the center of controversy for years. That resulted in two levels. All owners of lots subject to the declaration are required to be members of Continental Country Club, Inc., per the recorded declaration. The filing for Chapter 11 reorganization stays those fines. We do not currently expect the LFOs to elect Option A. Joining the Continental Country Club HOA is the easiest way to protect your propertys value! The restrictions contained in a declaration are covenants that run with the land and cannot be terminated by the owner. 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. He said the HOA has several other significant expenses and issues that have prevented it from properly facing those issues. Zillow has 3 homes for sale in 34785 matching Continental Country Club. 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. There are approximately 1,360 single-family homes (in addition to 1,030 townhouses, condos, and timeshares) within the Continental Country Club Homeowners Association. The Continental Country Club in Flagstaff is bankrupt. Background: How did we get in this situation regarding Lake Elaine and the Bankruptcy? 2380 N. Oakmont Drive, Flagstaff, AZ 86004 (928) 526-5125 www.continentalflagstaff.com . 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. 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. Chapter 11 Reorganization | FAQ | Communication with Members | Court Motions & Hearings | Media Announcements. However, a Chapter 7 panel trustee would be appointed and all decisions regarding the operations of the HOA will be made by the Trustee. 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. 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. 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. 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. 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! 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. 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. This included an offer to complete a partial top-down repair to buy more time. If APPROVED and Option A is selected, then the property will be deeded to the Lake Elaine owners. Without an additional court order, the Trustee steps into the Debtors shoes and inherits any and all land restrictions, encumbrances, etc. Are you looking for a great restaurant? A member may cease paying in protest, but the trustee will ultimately have the same rights CCC currently has to enforce and compel payment ultimately filing a lien on the property and foreclosing. https://continentalflagstaff.com/fee-schedule-to-support-the-reorganization-plan/. This discount allows members & guests to enjoy the lowest rates offered on our rack card. 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! Not necessarily. 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. 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. Please subscribe to keep reading. 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. For the most part, most of our Members should not be affected by this petition. However, even if we cant use amenities, were still required to pay annual lot assessment fees even when unable to use amenities. 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. The aforementioned 2019 Terracon report does indicate that there are viable solutions to refill Lake Elaine including short-term use of the existing liner or a more long-term geomembrane liner but does not shy from saying that the porous limestone and geologic conditions in the area are problematic for a lake or reservoir. It goes on to say that it can certainly be argued that this site was a poor choice for a lake or water feature of any significant size., Another 2019 engineering report from Natural Channel Designs reached similar conclusions, saying the geologic and environmental setting of the lake presents significant challenges to its continued existence. 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. The remaining properties consist of Townhomes, Condos and timeshares. 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. https://continentalflagstaff.com/motion-to-reject-1990-agreement-granted/. 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. What about the special assessment or other fees? Email notifications are only sent once a day, and only if there are new matching items. Continental received $1500 in donations for marketing materials for the campaign. On this point, the Legionnaires agree. A filing for Bankruptcy can take many forms, including a Chapter 11 Reorganization. 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. 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.. 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 following is a statement from Lakeside Homeowners At Continental: Continental Country Clubs Financial Challenges Result From Failure to Plan and Confront Obligations. If it is to be divested, it must be accepted by a third party. 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. It bolstered the property values of homes located on the waterfront and was a gorgeous sight to see. 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. To him, the results of this 2020 study were disturbing.. Can a trustee remove the restrictions on the use of the golf course to sell it for maximum value? There was a problem saving your notification. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. He is a big sweetheart but a little too rough for my Pygmy Goats. The original clubhouse was built in 1960. There was a problem saving your notification. The Court further concluded that failure to plan did not equate to an inability to comply., While the Legionnaires do not deny Continentals precarious financial situation, they dont think it inhibits or excuses them from upholding legal obligations surrounding Lake Elaine. to fines, and Continental Country Club HOA reserves the right to require restoration of the property to its prior condition. Main: (928) 526-5125Oakmont: (928) 526-7990Golf Shop: (928) 527-7997Bear Paw: (928) 522-1588, 2023 CONTINENTAL COUNTRY CLUB ALL RIGHTS RESERVED. But some lakefront residents on the other side of the legal battle have a different perspective. Contrary to the Associations statements, a partial repair would cost nowhere near the millions of dollars suggested by the Association. (link to message). Round Table Discussions will be held on every, We will also be having Town Hall Meetings for everyone who is interested in attending. What are we voting on, what is the timeline/details?

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