Its those reasons why the Club went into Chapter 11 bankruptcy in February of 2021. 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 the home is not associated with the Homeowners Association youre invited to deed restrict the property with CCC and become part of the Club! What is the difference between Chapter 11 Reorganization and Bankruptcy? Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. You can cancel at any time. Instead it has chosen to walk away from its obligations through bankruptcy reorganization, creating a stigma impacting more than 2,500 Association members. HOA Legal Name: CONTINENTAL COUNTRY CLUB R.O., INC. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. Court testimony confirmed what the Class already knew: The Lake holds water and can be fixed. The Trustee is charged with maximizing distributions to creditors. Email notifications are only sent once a day, and only if there are new matching items. 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. So, we either pay the known $2.5 million now, or pay more later up to the $15 million? Trees are falling in Flagstaff and have been compromised as a result of recent winter storms. 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. These homeowners the Class believe that the Association has options to address its financial challenges. By 2026, the annual dues increase will be $291. But Bliss also took issue with the HOAs suggestion that the issue over Lake Elaine was the primary cause of the bankruptcy. $273 Buyer's Agent Commission 2.5% Street View Directions Ask Redfin Agent Cody a Question Cody Bauer Flagstaff Redfin Agent When were the clubhouse and clubhouse pool built? That fee would drop to $500 if the HOA begins refilling the lake, and continue until it is full. We have developed such a plan and are confident that if our members approve the two fees to support it, we will take a big step towards a better future for our Association, https://continentalflagstaff.com/things-to-know-the-continental-country-club-reserve-study/. Can we just abandon the property? The Wyndham Timeshares (125 units) are Full Members of Continental just like all other owners. 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. Posted about 2 hours ago $2,950 / 3br - 1145ft2 - Beautifully remodeled 3bed,2bath in Green Mountain home!1 WEEK FREE* (461 S. $3,875 / 1br - 682ft 2 - One bedroom home with vaulted ceiling and balcony . Yes, there is nothing inherent in Chapter 7 that dissolves the HOA. With some of the lowest homeowner fees in the state less than $46 a month along with a golf course, driving range, clubhouse and other amenities the Association has the ability to generate greater revenues to pay for its obligations and update aging facilities. They want the lake fixed, Bliss said. In the mean time the proshop will still be open Tuesday- Saturday 9am-4pm. The Course is open to homeowners and timeshare owners residing within subdivisions of Continental Country Club's Homeowners Association. Two yeses mean $2.5M goes to either Option 1 or 2 as determined by creditors. The reorganization plan imposes a one-time special assessment of $2,000. That's not true. Membership in Continental is a result of home ownership. 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. https://continentalflagstaff.com/motion-to-reject-1990-agreement-granted/. Beyond the potential Lake Elaine obligations, we have a 50-year-old building, and numerous amenities. Bliss said the HOA also has lots of deferred maintenance fees, while also having some of the lowest member fees in the state. Are you looking for a great restaurant? 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 Unfortunately, this was the only possible conclusion, and once decided, needed to be acted upon quickly. Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. To him, the results of this 2020 study were disturbing.. Held says the work would take time and millions of dollars. All owners of lots subject to the declaration are required to be members of Continental Country Club, Inc., per the recorded declaration. It has not been a normal winter in Flagstaff. Other factors include a $600-thousand balloon payment coming due on a loan that was taken out in 2011 to complete installation of a new irrigation system on the course, and additional costs far exceeded the revenue generated by HOA fees. Continental County Club has filed for Chapter 11 bankruptcy protection, but daily operations wont change. But, in the 1990s, disaster struck. They are down to earth, fun-loving people that enjoy spending time together laughing over great food and refreshing drinks. 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 Will all country club members be allowed on the new redeveloped lake? And its free! The fee had been set to begin at the start of February, . Chapter 11 Reorganization | FAQ | Communication with Members | Court Motions & Hearings | Media Announcements. The association has said that any lake repair would cost millions of dollars. 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. 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. But [Continental] withdrew from those discussions and instead filed for bankruptcy., One of these flexible options that the Legionnaires indicated would be acceptable to them is a plan to refill Lake Elaine to a lower elevation below where a majority of the lakes liner failure and leaks have been occurring. If Option A is selected from the Amended Disclosure (not expected) then the property will be deeded to the Lake Elaine Owners and become, If Option B is selected, the redesign trails and ponds will be the responsibility of the Association and. Continental Country Club HOA is a community located in Flagstaff, AZ (Coconino County). Staffed with talented and devoted professionals, Continental Country Club is among the area's best-rated public courses. In short, Continentals answer was that the prohibitive cost of maintenance and legal battles over their failure to maintain the leaky man-made Lake Elaine was insurmountable. Schedule: No open play during the off-season (Nov-Apr). After the October 30th preliminary ruling, the board studied and reviewed all possibilities, along with speaking with several professionals and our attorneys. Homeowners have a duty to pay their annual dues and this holds true even while in a Chapter 11 reorganization. We certainly are going to be involved in the bankruptcy proceeding and continue to assert our class action rights to have the lake maintained and repaired.. How does the Chapter 11 filing affect me as a Continental Country Club Member? One that was, you know, competent., Financial mismanagement reaches further back than the 2020 study, said resident John Nilsson. The Board President of the Homeowners Association of Continental Country Club in Flagstaff, . 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. continental country club hoa fees. Copyright 2023 Continental Country Club FL All Rights Reserved. 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. When will we know about the timing and amount of any assessments that will be needed? 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. This includes CC&Rs enforcement on the property, common area maintenance, amenities access and social activities. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! We have compensated by charging usage fees and not giving golf discounts to those who do not pay the full amount. In their disclosure statement, Continental says they are informed and believe that the Lakefront Group has separately evaluated [the small lake option] and has concluded that the costs of implementing [this option] are significantly less than [Continentals] $3 million estimate, but discussions between the parties to date have not been able to reconcile these differences., In either case, to the Legionnaires, being handed the deed to the lake is not an attractive option, and it asks the lakefront owners to take on the problem that [Continental] created. What they want is for Continental to take responsibility for the lake repair and also pay some money toward the Lakeside Homeowners attorneys fees which are damages that the Lakeside Homeowners have suffered as a result of [Continentals] rejection of the 1990 Settlement Judgment.. He said the HOA has several other significant expenses and issues that have prevented it from properly facing those issues. If the plan is approved, Murray says there are two options that can be done with the land. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. The Lake Elaine lawsuit was based on a 1990 Amended Judgement and Settlement that was rejected by the bankruptcy court earlier this year. And it's free! The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. Professional management associations still report to a board of directors which makes final decisions. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. Do all members of the HOA get to vote for the new HOA Dues and Special Assessment? Will there be an increase to my annual assessment? The owners of these properties are also obligated to pay annual assessments to CCC based on their respective CC&Rs. At the time of the study, Continentals reserve balance was $54,291. The original clubhouse was built in 1960. 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 required work would require Engineers, Contractors, and time. But the residents involved in the class action suit believe repairing the lake isn't nearly that expensive. The . President - The president of the Board presides at all meetings of the Board of Directors. Joining the Continental Country Club HOA is the easiest way to protect your property's value! The criteria is based on the HOA community rules and regulations, bylaws and accountability. If we had hired a professional HOA management team a few years ago, could we have avoided all this? You can cancel at any time. HOA Fee Includes In a Chapter 7 does the trustee manage the HOA? Still, Chapter 7 and the liquidation of assets that would follow are by no means in Continentals interests. Continental Country Club HOA is a community located in Chula Vista, CA (San Diego County). It bolstered the property values of homes located on the waterfront and was a gorgeous sight to see. There are condominiums, big and small, that you can purchase in the $180,000 - $300,000 price range. Why am I paying for amenities I dont use? Get up-to-the-minute news sent straight to your device. The failure to plan by the association, the failure to reserve funds, have really put the association in a tough spot.. The Continental Country Club constructed Lake Elaine back in the 1970s. 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. Is there a Special Assessment Payment Plan? I dont golf. We do not currently expect the LFOs to elect Option A. 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. The Continental Country Club course is filled with par 3s and par 5s, offers beautiful mountain views and a friendly, neighborhood environment. Search And Rescue Crews Tended To An Injured Hiker On Mt. Buying a new home in the Continental area? 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. Joining the Continental Country Club HOA is the easiest way to protect your propertys value! In a Chapter 7 does the HOA remain in place? Other areas of compromise included an offer to push out the full Lake Elaine repair as long as 10 years, providing additional running room to plan and capitalize for a proper longer-term repair. Why did the Board decide to take this step now? 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. 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. Payment $4,996 Price/Sq.Ft. Our main desire is for members and guests, alike, to have a memorable golfing experience. 150 Saab tingida. Can I see a Reserve Study Summary of expenditures broken out by amenity? 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 obligation to pay dues at least at their current level runs with the land. Now, the HOA faces bankruptcy if it can't come up with $2.5 million. 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. Is it possible to leave the HOA so we're not part of it? 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. A Flagstaff man is behind bars, charged with aggravated DUI and kidnapping. 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. Back then, the increase had to be approved in each single-family subdivision. For more information contact Continental Country Club Guest Services at . The Villages, FL 32162 Directions. 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. The January newsletter provided to homeowners did reference that bankruptcy was an option that was being considered. 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. They pay the full membership dues and receive the same benefits. Continental Country Club. In November, the chain announced the first CFC would be built in Monroe, OH, near its home base of Cincinnati. application fee details: $55 app fee online at our website bishoprealtygrp. For the good of our residents and those who enjoy our facilities, it was time to take action.. 219 4. Based on the HOAs rules, those fees can only be raised by a two-thirds vote by all members. The work and fines until the lake was filled amounted to a lot of money that our Association does not have. 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. Please subscribe to keep reading. Now, it has turned to owners for funding. HOA Legal Name: CONTINENTAL COUNTRY CLUB, INC. Reserve funds are used for large projects such as replacements or repairs within the homeowners association. Pennsylvania (/ p n s l v e n i / (); Pennsylvania German: Pennsilfaani), officially the Commonwealth of Pennsylvania, is a state spanning the Mid-Atlantic, Northeastern, Appalachian, and Great Lakes regions of the United States.It borders Delaware to its southeast, Maryland to its south, West Virginia to its southwest, Ohio to its west, Lake Erie and the Canadian province of . There was a problem saving your notification. 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 are we voting on, what is the timeline/details? Example turn the golf course into single-family homes. 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. Contrary to the Associations statements, a partial repair would cost nowhere near the millions of dollars suggested by the Association. 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. Each year, members may elect a new board or move to a professional management association. Not necessarily. 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! Why didnt the Board give us a warning that this was going to happen? 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 The Board approved a two-tier membership now known as Associate and Full Membership to account for the difference in assessment levels. So long as CCC owns the property, at a minimum, it will remain liable for public safety/nuisance issues and dam maintenance obligations with the State of Arizona. Book Your Tee Time on our EZLinks tee times page in a new tab, In addition to championship golf, we offer tennis courts, a fitness center, a swimming pool and social events! A 2019 report from engineering firm Terracon evaluated that the lower lake elevation would have relative stability. The same report concluded, however, that any plan should include the eventual replacement of the liner below this elevation., Outlined in their amended disclosure statement, Continental has included a small lake option in its plan to emerge from bankruptcy, but with one caveat: the club no longer want to be responsible for maintaining the lake. The 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. Flagstaff, Feb. 12, 2021 - Continental Country Club is a great place to live and provides many amenities for the broader community. The costs are too much of a burden for members on a fixed income? Helly Hansen Active Winter sulejope UUS! First used to store water for the golf course, Lake Elaine is now only aesthetic, but has been leaking water for decades. 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. This filing allows Continental and its homeowners the chance for a fresh start so we can best address several issues, Held said. Once that happens, and at the approval of the homeowners, selling the golf course is something that can be discussed. Subscribe to our Daily Headlines newsletter. HOA Documents Articles of Incorporation CC&Rs Bylaws Membership Policies The money for the signs was donated. 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. 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. The issues we are dealing with today began 30 years ago and the current board wasnt a part of. This one-acre park, opened in 2013, includes a playground with a swing set and a picnic table. 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? We also have aging facilities that require upkeep with an insignificant amount of reserves. 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 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. Quick Facts Getting Around Continental Country Club Continental Country Club Learn more about this neighborhood. 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. 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. Wildwood, FL 34785. 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. 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. Tract D (Lake Elaine) is currently owned by the Association. The remaining properties consist of Townhomes, Condos and timeshares. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. {{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.