Why are there currently some members paying different assessment rates? 27470 Jefferson Ave. Pizza making Mamma mia, we love this one! If APPROVED and Option A is selected, then the property will be deeded to the Lake Elaine owners. The truth is that the Association has simply failed to perform any real repair or maintenance of the Lake for 27 years now. Each year, members may elect a new board or move to a professional management association. If we pay the $2.5M now, were done forever, other than ongoing maintenance of the small ponds, according to Judge Ballinger. Held says the work would take time and millions of dollars. Yes, on November 16, 2021 the board unanimously passed a one-time resolution allowing townhome/condominium members a vote on the two fees that are required to support the reorganization plan. The Continental Country Club constructed Lake Elaine back in the 1970s. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). 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 hoa policies can change with time for Continental Country Club so if you see an error please contact us so we can fix it. This anomaly resulted in 1994. The Wyndham Timeshares (125 units) are Full Members of Continental just like all other owners. The question is why. But the residents involved in the class action suit believe repairing the lake isn't nearly that expensive. 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. Sign up for our newsletter to keep reading. And it's free! The property cannot be abandoned. Can a trustee remove the restrictions on the use of the golf course to sell it for maximum value? Our members are what makes the social membership so special. HOA Fee Includes The fee had been set to begin at the start of February, but due to the bankruptcy, it has been put on hold. Why did the Board decide to take this step now? 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.. However, the CC&Rs needed to be combined with the assessments at the amounts approved by each individual subdivision at that time. Continental Country Club is a neighborhood in Wildwood, Florida. The availability of these amenities, whether used or not, makes CCC a desirable neighborhood and increases property values. You have permission to edit this article. 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. Instead it has chosen to walk away from its obligations through bankruptcy reorganization, creating a stigma impacting more than 2,500 Association members. The community is gated, includes 24/7 security and even allows pets. Who owns the property Lake Elaine is on and who is responsible for its redevelopment and construction? The . 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.. Reserve your next round of golf with our quick and convenient online booking engine. The Lake Elaine lawsuit was based on a 1990 Amended Judgement and Settlement that was rejected by the bankruptcy court earlier this year. 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. 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. This included an offer to complete a partial top-down repair to buy more time. (link to message). 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. We have compensated by charging usage fees and not giving golf discounts to those who do not pay the full amount. 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. This option would release the Association from, Option #2 would be to spend that $2.5 million and create the new amenity. Main: (928) 526-5125Oakmont: (928) 526-7990Golf Shop: (928) 527-7997Bear Paw: (928) 522-1588, 2023 CONTINENTAL COUNTRY CLUB ALL RIGHTS RESERVED, Violation Enforcement Policy and Fine Schedule. The benefits are endless and your experiences will last a lifetime. 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. There are constant ongoing repairs and improvements required for these assets that must be addressed. That's not what any of our folks want. What about the special assessment or other fees? Is there money set aside for the management of the HOA & enforcement of CC&Rs? What date did this filing for Chapter 11 Reorganization take effect? The Class also estimates this temporary solution could be completed quickly in months, not years. That would be within the discretion of the trustee. The Continental CC course can host up to 144 golfers at a time with a shot gun start. 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? Learn More on our tournaments page. Sean Golightly reports on the environment and the city of Flagstaff. Continental Country Club home prices vary from luxury homes to more affordable homes that might be perfect for first-time buyers. The filing for Chapter 11 reorganization stays those fines. application fee details: $55 app fee online at our website bishoprealtygrp. All owners of lots subject to the declaration are required to be members of Continental Country Club, Inc., per the recorded declaration. In November, the chain announced the first CFC would be built in Monroe, OH, near its home base of Cincinnati. Flagstaff, AZ 86004, Call Continental Country Club at (928) 526-5125, on our EZLinks tee times page in a new tab. So, we either pay the known $2.5 million now, or pay more later up to the $15 million? 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. 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. You can cancel at any time. 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. The Board approved a two-tier membership now known as Associate and Full Membership to account for the difference in assessment levels. Continental Country Club Listings. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. 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. Will all country club members be allowed on the new redeveloped lake? 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. There are approximately 1,360 single-family homes (in addition to 1,030 townhouses, condos, and timeshares) within the Continental Country Club Homeowners Association. 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. The restrictions contained in a declaration are covenants that run with the land and cannot be terminated by the owner. . Buying a new home in the Continental area? Thank you to everyone who came out and play, we are looking forward to some exciting changes in-store for next year. . Flagstaff City Championship Flyer Search And Rescue Crews Tended To An Injured Hiker On Mt. It has not been a normal winter in Flagstaff. 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. to fines, and Continental Country Club HOA reserves the right to require restoration of the property to its prior condition. Deeper into Lake Elaine: Residents contend lake is not to blame for country clubs bankruptcy. Please subscribe to keep reading. CCC also had a balloon payment due in October, for $600,000. Schedule: No open play during the off-season (Nov-Apr). Why are there currently some members paying different assessment rates? A filing for Bankruptcy can take many forms, including a Chapter 11 Reorganization. One that was, you know, competent., Financial mismanagement reaches further back than the 2020 study, said resident John Nilsson. 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 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. Continental received $1500 in donations for marketing materials for the campaign. {{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. He is a big sweetheart but a little too rough for my Pygmy Goats. In some cases, these problems predate the current board by years, if not decades. If we convert to Chapter 7, the HOA cannot be sued by Lake Elaine property owners or any other entity. The Continental Country Club in Flagstaff is bankrupt. Main: (928) 526-5125Oakmont: (928) 526-7990Golf Shop: (928) 527-7997Bear Paw: (928) 522-1588, 2023 CONTINENTAL COUNTRY CLUB ALL RIGHTS RESERVED. In the mean time the proshop will still be open Tuesday- Saturday 9am-4pm. If the Assessment and dues increase fails, and the HOA converts to Chapter 7, will the Lake Elaine lawsuit continue? 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. In 2006 Continental Country Club succeeded in unifying (11) different sets of CC&Rs for individual single-family subdivisions. Continental Country Club HOA Chula Vista, CA Before buying in Continental Country Club HOA you will want to check out their reserve funds, budgets, bylaws as well as the rules and restrictions of the community. Were voting for a smaller cost now ($2,000 to cover the $2.5M), to protect ourselves from possible larger costs later, unending litigation and the $15 million claim of the LFOs that could not be addressed any other way outside of bankruptcy, to protect our amenities and eradicate Lake Elaine issues. 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. 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. But some lakefront residents on the other side of the legal battle have a different perspective. 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! We will keep our facilities open and our employees will be working to ensure business as usual. An HOA faces bankruptcy because of its man-made lake. What is the process required to divest the HOA of Lake Elaine? Then, you've come to the right place. Is it possible to leave the HOA so we're not part of it? 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. The owners of these properties are also obligated to pay annual assessments to CCC based on their respective CC&Rs. When were the clubhouse and clubhouse pool built? When were the clubhouse and clubhouse pool built? Get up-to-the-minute news sent straight to your device. 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. 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. When will we know about the timing and amount of any assessments that will be needed? Below you can find information for the homeowners association including HOA fee includes, community features and amenities. Example turn the golf course into single-family homes. Email notifications are only sent once a day, and only if there are new matching items. That fee would drop to $500 if the HOA begins refilling the lake and continue until it is full. Chapter 11 Reorganization | FAQ | Communication with Members | Court Motions & Hearings | Media Announcements. I just see that as being poorly managed, Penoff said. 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 A big vote is underway at Continental Country Club in East Flagstaff. Flyer Link. These homeowners the Class believe that the Association has options to address its financial challenges. Will there be a special assessment to help cover some of the debts? Joining the Continental Country Club HOA is the easiest way to protect your propertys value! Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. In 2017, residents came back and asked the court to hold the HOA in contempt for not following through on its mandate to keep the lake full. Reorganization comes after decades of the Association kicking the can down the road. Continental Country Club Who are the members of CCC? The CC&Rs govern 1,210 single family homes. Can we just abandon the property? The failure to plan by the association, the failure to reserve funds, have really put the association in a tough spot.. Back then, the increase had to be approved in each single-family subdivision. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! 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. Will there be an increase to my annual assessment? 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. 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. There were several additions made in the 1970s. Unfortunately, this was the only possible conclusion, and once decided, needed to be acted upon quickly. At the time, it was an asset to the HOA. 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. No true repairs have been made to the Lake since 1994. 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. This one-acre park, opened in 2013, includes a playground with a swing set and a picnic table. How does the Chapter 11 filing affect me as a Continental Country Club Member? 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 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. Staffed with talented and devoted professionals, Continental Country Club is among the area's best-rated public courses. Quick Facts Getting Around Continental Country Club Continental Country Club Learn more about this neighborhood. By the end of the year, they expected they could get that number to $125,000. Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. Subscribe to our Daily Headlines newsletter. 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. This included signage, team captain materials and t-shirts. Starting in 2024, associate members would owe an additional $63 for 2024, 2025, and 2026. He said the HOA has several other significant expenses and issues that have prevented it from properly facing those issues. Yes, there is nothing inherent in Chapter 7 that dissolves the HOA. We view this as an action being led by forces out of our control and hope it can be an opportunity to strengthen our Associations financial position for years to come. Payment $4,996 Price/Sq.Ft. 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. This filing allows Continental and its homeowners the chance for a fresh start so we can best address several issues, Held said. President - The president of the Board presides at all meetings of the Board of Directors. 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.. All Single-Family homes governed by the CC&Rs are obligated to pay an annual lot assessment. . From AU$247 per night on Tripadvisor: Starlight Lodge at Rockport Harbor, Rockport. There has been much misinformation about the history of Lake Elaine and the ability to maintain lakes in this area. Continental Country Club mostly features cozy homes that are very reasonably priced. For more information contact Continental Country Club Guest Services at . 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. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. At the time, it was an asset to the HOA. The costs are too much of a burden for members on a fixed income? 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 They are down to earth, fun-loving people that enjoy spending time together laughing over great food and refreshing drinks. HOA Legal Name: CONTINENTAL COUNTRY CLUB, INC. Reserve funds are used for large projects such as replacements or repairs within the homeowners association. We do support the vote for the additional funds for the homeowners association.. They stick to the claim that maintaining the lake in the manner outlined in 1990 is no longer physically possible, economically feasible or ecologically sound., While the court concluded that it was possible to maintain the lake, and that Continental had a responsibility to do so, the engineering reports that informed the decision paint a more complex picture. 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.