Professional management associations still report to a board of directors which makes final decisions. 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. Held says the bankruptcy wont close the golf course or force any layoffs and daily operations will go on as normal. Continental received $1500 in donations for marketing materials for the campaign. If you are looking for our main website, click here. 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. But the residents involved in the class action suit believe repairing the lake isn't nearly that expensive. 50 Continental Blvd. There are a lot of different options when it comes to housing in Continental Country Club. 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. 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. Chapter 11 Reorganization | FAQ | Communication with Members | Court Motions & Hearings | Media Announcements. 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! Example turn the golf course into single-family homes. Will all country club members be allowed on the new redeveloped lake? This included signage, team captain materials and t-shirts. The HOA fees in this community is about $265 to $320 a month, depending on location (golf course and waterfront lots are available) and includes lawn care and trash pick-up. The lake level has been falling because water is seeping out despite previous attempts to seal the lake bottom. When will we know about the timing and amount of any assessments that will be needed? By 2026, the annual dues increase will be $291. All owners of lots subject to the declaration are required to be members of Continental Country Club, Inc., per the recorded declaration. At the time, it was an asset to the HOA. This discount allows members & guests to enjoy the lowest rates offered on our rack card. 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. In a Chapter 7 does the HOA remain in place? What date did this filing for Chapter 11 Reorganization take effect? There were several additions made in the 1970s. Continental Golf Course Is CLOSED for the Season! Each year, members may elect a new board or move to a professional management association. COMMUNITY TYPE: RESIDENTIAL SFH COMMUNITY LEGAL NAME: CONTINENTAL COUNTRY CLUB R.O., INC. ALSO KNOWN AS: CONTINENTAL COUNTRY CLUB TYPE OF CORPORATION: DOMNP ORIGINAL CORPORATION FILING DATE: 05221989 COMMUNITY ID NUMBER: N32426 (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). There was a problem saving your notification. 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. 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. 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%. Give Us A Call: 1-888-452-6595. 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. What happens if we vote NO (DO NOT APPROVE) or dont meet the quorum requirement after two tries? More information on the voting process for residents of the neighborhood can be found at continentalflagstaff.com/the-voting-process-on-the-two-fees/. $273 Buyer's Agent Commission 2.5% Street View Directions Ask Redfin Agent Cody a Question Cody Bauer Flagstaff Redfin Agent 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 Reach him at sgolightly@azdailysun.com, on Twitter at @sean_golightly, or on Instagram at @golightly_writes. The January newsletter provided to homeowners did reference that bankruptcy was an option that was being considered. What happens if 2 YES (APPROVE) for Special Assessment and Annual Dues Increase? The timing will depend on whether or not our members approve the two fees necessary to support the reorganization plan and the legal processes that will ultimately approve our reorganization plan. ", The issue is further complicated by the fact that Continental and the Legionnaires cant seem to agree on how much it would cost to repair and maintain even a small lake option. Membership in Continental is a result of home ownership. Can a trustee remove the restrictions on the use of the golf course to sell it for maximum value? 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 court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. This offer was rejected, and the Class finds it unfortunate that the Association refused to further negotiate before moving forward with Chapter 11 in secret with no transparency or consultation of any members. 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.. 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. I just see that as being poorly managed, Penoff said. Becoming a member at Continental Country Club is an investment in yourself, your family and your future. At the time, it was an asset to the HOA. These homeowners are known as Associate members. It bolstered the property values of homes located on the waterfront and was a gorgeous sight to see. 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/. If it is to be divested, it must be accepted by a third party. Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). 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. 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! 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. 219 4. Flagstaff, Feb. 12, 2021 - Continental Country Club is a great place to live and provides many amenities for the broader community. 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. They pay the full membership dues and receive the same benefits. Make sure there is an adequate amount in the reserves in case of major problems such as: roof repairs, asphalt repairs, pool issues and/or property defects. The 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. Log in, Continental Country Club HOA in Flagstaff, AZ, Forest Highlands Golf Club HOA in Flagstaff, AZ, Railroad Springs Townhomes HOA in Flagstaff, AZ. 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. Back then, the increase had to be approved in each single-family subdivision. In November, the chain announced the first CFC would be built in Monroe, OH, near its home base of Cincinnati. Do all members of the HOA get to vote for the new HOA Dues and Special Assessment? We do not currently expect the LFOs to elect Option A. 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. The community is gated, includes 24/7 security and even allows pets. In some cases, these problems predate the current board by years, if not decades. Wildwood, FL 34785. 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. If the plan is approved, Murray says there are two options that can be done with the land. The obligation to pay dues at least at their current level runs with the land. Continental County Club has filed for Chapter 11 bankruptcy protection, but daily operations wont change. Continental Country Clubs HOA files for Chapter 11 bankruptcy. Ensure continued use of our club amenities and environment. 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. 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. For these reasons, they continue to urge Continental residents to vote to approve the specially assessment payment of $2,000 and the 20% increase on annual dues, suggesting its the financially responsible thing to do. There are approximately 1,360 single-family homes (in addition to 1,030 townhouses, condos, and timeshares) within the Continental Country Club Homeowners Association. Quick Facts Getting Around Continental Country Club Continental Country Club Learn more about this neighborhood. Once that happens, and at the approval of the homeowners, selling the golf course is something that can be discussed. From AU$247 per night on Tripadvisor: Starlight Lodge at Rockport Harbor, Rockport. Are you looking for a great 55+ retirement community? to fines, and Continental Country Club HOA reserves the right to require restoration of the property to its prior condition. Panda Express is expanding to east Flagstaff. 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! The owners of these properties are also obligated to pay annual assessments to CCC based on their respective CC&Rs. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! These homeowners - the "Class" - believe that the Association has options to address its financial challenges. 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! If I haven't yet paid my annual dues, will they still have to be paid? Instead it has chosen to walk away from its obligations through bankruptcy reorganization, creating a stigma impacting more than 2,500 Association members. 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. This included an offer to complete a partial top-down repair to buy more time. {{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. 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. The Villages, FL 32162 Directions. 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. But some lakefront residents on the other side of the legal battle have a different perspective. That's not true. There is no definite date as to when the clubhouse pool was built; however, there is a 1979 photograph showing the pool and the two adjacent tennis courts. 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 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. Four Star Homes has Properties in Adult, Family, and Senior Communities throughout Central Florida. 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. The property cannot be abandoned. Bliss said after the court held the HOA in contempt last year, the homeowners approached the HOA about ways to move forward, but their offers were rebuffed and the HOA decided to move forward with bankruptcy instead. There are many types of townhomes available from $300,000 - $500,000. If I havent yet paid my annual dues, will they still have to be paid? 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. 27470 Jefferson Ave. Pizza making Mamma mia, we love this one! Court testimony confirmed what the Class already knew: The Lake holds water and can be fixed. For the most part, most of our Members should not be affected by this petition. 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. HOA Legal Name: CONTINENTAL COUNTRY CLUB R.O., INC. 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. What about the special assessment or other fees? Continental Country Club Who are the members of CCC? In their amended disclosure statement, the Legionnaires claim the trouble with Lake Elaine is not that its impossible to maintain, but that the Association [Continental] has simply failed to perform any real repair or maintenance of the Lake for nearly 30 years. They say their perspective was upheld in 2020 by the courts, noting that [Continental] argued then, and argues now, that it does not have enough money to fund Lake Elaine repair, but that did not persuade the Coconino Superior Court, which concluded that the Association knew it had a responsibility to maintain the lake but failed to do so.
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