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! We have compensated by charging usage fees and not giving golf discounts to those who do not pay the full amount. 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. 27470 Jefferson Ave. Pizza making Mamma mia, we love this one! 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. From AU$247 per night on Tripadvisor: Starlight Lodge at Rockport Harbor, Rockport. Learn More on our tournaments page. Now, it has turned to owners for funding. The work and fines until the lake was filled amounted to a lot of money that our Association does not have. 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%. Continental Country Club. The reorganization plan imposes 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. Continental Country Club Who are the members of CCC? The truth is that the Association has simply failed to perform any real repair or maintenance of the Lake for 27 years now. CCC also had a balloon payment due in October, for $600,000. Get Adobe Acrobat Reader free to view these files. Flagstaff, Feb. 12, 2021 - Continental Country Club is a great place to live and provides many amenities for the broader community. 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. Our main desire is for members and guests, alike, to have a memorable golfing experience. In a Chapter 7 does the trustee manage the HOA? Continental Country Club is a neighborhood in Wildwood, Florida. How do timeshares fit into the funding picture? Please subscribe to keep reading. Continental received $1500 in donations for marketing materials for the campaign. Our clubhouse is over 50 years old and the other amenities require maintenance and repair. I dont golf. 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. The funds usually have strict criteria for how they are to be used. Wildwood, FL 34785. Continental Country Club Listings. There are condominiums, big and small, that you can purchase in the $180,000 - $300,000 price range. Its those reasons why the Club went into Chapter 11 bankruptcy in February of 2021. Register for our eClub to receive regular offers and updates from Continental CC! 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. 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.. . Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. Why are there currently some members paying different assessment rates? Four Star Homes has Properties in Adult, Family, and Senior Communities throughout Central Florida. 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.. What happens if 2 YES (APPROVE) for Special Assessment and Annual Dues Increase? The Continental Country Club in Flagstaff is bankrupt. Membership in Continental is a result of home ownership. The Wyndham Timeshares (125 units) are Full Members of Continental just like all other owners. Yes, there is nothing inherent in Chapter 7 that dissolves the HOA. Payment $4,996 Price/Sq.Ft. . He is a big sweetheart but a little too rough for my Pygmy Goats. By the end of the year, they expected they could get that number to $125,000. Get up-to-the-minute news sent straight to your device. By 2026, the annual dues increase will be $189. 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. 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 hoa fees. 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. In a Chapter 7 does the HOA remain in place? 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. If I haven't yet paid my annual dues, will they still have to be paid? We pay a special assessment one-time fee of $2,000 and assuming success in the bankruptcy court, we are DONE with Lake Elaine issue forever! To him, the results of this 2020 study were disturbing.. 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. At the time, it was an asset to the HOA. 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. 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 Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. There are a lot of different options when it comes to housing in Continental Country Club. After the October 30th preliminary ruling, the board studied and reviewed all possibilities, along with speaking with several professionals and our attorneys. This included an offer to complete a partial top-down repair to buy more time. More information on the voting process for residents of the neighborhood can be found at continentalflagstaff.com/the-voting-process-on-the-two-fees/. They don't want to claim for damages. 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. The reorganization plan imposes an increase to our annual assessment that will be phased in over three years beginning in 2024. At the time, it was an asset to the HOA. The fee had been set to begin at the start of February, . Will there be an increase to my annual assessment? Sign up for our newsletter to keep reading. Log in, Continental Country Club HOA Chula Vista, CA, Alicante at San Miguel Ranch HOA Chula Vista, CA. Mo. Quite honestly, I can't imagine a professional management company letting this happen. Board Members for Continental Country Club Ro: Title Name Mailing Address Location; Dire . Is there money set aside for the management of the HOA & enforcement of CC&Rs? A filing for Bankruptcy can take many forms, including a Chapter 11 Reorganization. When will we know about the timing and amount of any assessments that will be needed? If you are looking for our main website, click here. But some lakefront residents on the other side of the legal battle have a different perspective. 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. At Continental, you are more than a member; you are part of the family. 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. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. 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. There are constant ongoing repairs and improvements required for these assets that must be addressed. Is it possible to leave the HOA so we're not part of it? If I havent yet paid my annual dues, will they still have to be paid? A big vote is underway at Continental Country Club in East Flagstaff. A future owner of your home may find golf or the other amenities appealing. We face possible conversion to Chapter 7 Bankruptcy and liquidation of all our assets reduced or possible loss of club amenities such as tennis, pickleball, pool, golf and clubhouse. The 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. 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. But, in the 1990s, disaster struck. The issues we are dealing with today began 30 years ago and the current board wasnt a part of. Why am I paying for amenities I dont use? The costs are too much of a burden for members on a fixed income? One that was, you know, competent., Financial mismanagement reaches further back than the 2020 study, said resident John Nilsson. 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. Once that happens, and at the approval of the homeowners, selling the golf course is something that can be discussed. The failure to plan by the association, the failure to reserve funds, have really put the association in a tough spot.. Contrary to the Associations statements, a partial repair would cost nowhere near the millions of dollars suggested by the Association. Now, the association is asking homeowners to vote to approve two items a one-time fee and an increase in annual dues. Schedule: No open play during the off-season (Nov-Apr). Get up-to-the-minute news sent straight to your device. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). The criteria is based on the HOA community rules and regulations, bylaws and accountability. (link to message). Tract D (Lake Elaine) is currently owned by the Association. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! What date did this filing for Chapter 11 Reorganization take effect? 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. Beyond the potential Lake Elaine obligations, we have a 50-year-old building, and numerous amenities. He recalled clear statements in meeting minutes from Continentals board of directors meeting that the reserves were significantly inadequate back in 2014., There was no follow-through, and the reserves are still woefully inadequate, Nilsson said. The benefits are endless and your experiences will last a lifetime. Buying a new home in the Continental area? This area is served by the Sweetwater Union High attendance zone.
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