They want the lake fixed, Bliss said. How do timeshares fit into the funding picture? The Kroger Co. 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. Will there be an increase to my annual assessment? The Lakeside Homeowners would lose as much as any other owner would if the bankruptcy ended in a liquidation.. You have permission to edit this article. We will keep our facilities open and our employees will be working to ensure business as usual. If I haven't yet paid my annual dues, will they still have to be paid? When were the clubhouse and clubhouse pool built? 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. 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. 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! 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. The Board approved a two-tier membership now known as Associate and Full Membership to account for the difference in assessment levels. Please subscribe to keep reading. Continental Country Club Who are the members of CCC? All Single-Family homes governed by the CC&Rs are obligated to pay an annual lot assessment. Can a trustee remove the restrictions on the use of the golf course to sell it for maximum value? But, in the 1990s, disaster struck. 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. CCC also had a balloon payment due in October, for $600,000. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. If I havent yet paid my annual dues, will they still have to be paid? In the same newsletter, Murray quoted Patrick A. Clisham of Engelman Berger, the legal counsel to Continental Country Club, as having said Chapter 7 means chaos. 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. 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. 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. 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. That fee would drop to $500 if the HOA begins refilling the lake and continue until it is full. 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. Subscribe to our Daily Headlines newsletter. Four Star Homes has Properties in Adult, Family, and Senior Communities throughout Central Florida. Why didnt the Board give us a warning that this was going to happen? Will there be a special assessment to help cover some of the debts? View Properties for Sale at Continental Country Club located in Wildwood, FL. 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. Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. Dues increases and/or special assessment would have been necessary even if a professional management company was involved. And it's free! In some cases, these problems predate the current board by years, if not decades. 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. to fines, and Continental Country Club HOA reserves the right to require restoration of the property to its prior condition. There were several additions made in the 1970s. Then starting in 2024, full members would owe an additional $97 for 2024, 2025 and 2026. In a statement to the Arizona Daily Sun, Continental attorney Scott Cohen said, While Continental certainly has obligations other than the Lakefront Group, such as addressing its appropriate capital reserves to ensure proper maintenance of its amenities and common areas, this was not the primary cause for the bankruptcy filing.. The special assessment can be paid over two years with eight (8) quarterly payments of $261 (which includes 5% interest). Home to one of the best-rated public golf courses in Flagstaff, AZ. The issues we are dealing with today began 30 years ago and the current board wasnt a part of. 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. Who owns the property Lake Elaine is on and who is responsible for its redevelopment and construction? On this point, the Legionnaires agree. 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. There was a problem saving your notification. When will we know about the timing and amount of any assessments that will be needed? Now, the association is asking homeowners to vote to approve two items a one-time fee and an increase in annual dues. Background: How did we get in this situation regarding Lake Elaine and the Bankruptcy? Main: (928) 526-5125Oakmont: (928) 526-7990Golf Shop: (928) 527-7997Bear Paw: (928) 522-1588, 2023 CONTINENTAL COUNTRY CLUB ALL RIGHTS RESERVED. Our members are what makes the social membership so special. Continental County Club has filed for Chapter 11 bankruptcy protection, but daily operations wont change. . That would be within the discretion of the trustee. The Continental Country Club in Flagstaff is bankrupt. Flagstaff, Feb. 12, 2021 - Continental Country Club is a great place to live and provides many amenities for the broader community. The original clubhouse was built in 1960. Learn More on our tournaments page. Do all members of the HOA get to vote for the new HOA Dues and Special Assessment? Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. Continental has known about its financial challenges for years, even decades, but neglected to plan for or properly address them. Are you looking for a great restaurant? Bronson Creek feeds into a wetland on the east side of the park; a paved trail provides access to the wetland. junio 12, 2022. jonah bobo 2005 . This one-acre park, opened in 2013, includes a playground with a swing set and a picnic table. This includes CC&Rs enforcement on the property, common area maintenance, amenities access and social activities. Professional management associations still report to a board of directors which makes final decisions. The Villages, FL 32162 Directions. 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. 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 You have permission to edit this article. He said the HOA has several other significant expenses and issues that have prevented it from properly facing those issues. Continental Country Club mostly features cozy homes that are very reasonably priced. 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. Reorganization comes after decades of the Association kicking the can down the road. Flagstaff City Championship Flyer There has been much misinformation about the history of Lake Elaine and the ability to maintain lakes in this area. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). Continental Country Club Flagstaff, AZ 86004 Situated below Mount Elden in Flagstaff, AZ, the 18-hole championship golf course at Continental Country Club was designed by Bob E. Baldock. Its those reasons why the Club went into Chapter 11 bankruptcy in February of 2021. continental country club hoa fees. The January newsletter provided to homeowners did reference that bankruptcy was an option that was being considered. Quick Facts Getting Around Continental Country Club Continental Country Club Learn more about this neighborhood. HOA Legal Name: CONTINENTAL COUNTRY CLUB, INC. Reserve funds are used for large projects such as replacements or repairs within the homeowners association. 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. A filing for Bankruptcy can take many forms, including a Chapter 11 Reorganization. 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. These homeowners the Class believe that the Association has options to address its financial challenges. Mo. A Flagstaff man is behind bars, charged with aggravated DUI and kidnapping. 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. Some of that is the result of limitations on the Associations revenues and on its ability to raise dues or impose special assessments. Payment $4,996 Price/Sq.Ft. Continental Country Club home prices vary from luxury homes to more affordable homes that might be perfect for first-time buyers. 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 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 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. This discount allows members & guests to enjoy the lowest rates offered on our rack card. How does the Chapter 11 filing affect me as a Continental Country Club Member? At the time, it was an asset to the HOA. The fee had been set to begin at the start of February, but due to the bankruptcy, it has been put on hold. If Option B is selected, the redesign will be the Associations responsibility. 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. 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.. Were empathetic to those on fixed incomes, and offer payment plans to ease burdens. Held said the repairs the lake needs would cost more than a million dollars in addition to the water needed to fill the lake and that the HOA simply has not had the funds to complete such repairs. At the time, it was an asset to the HOA. 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. Voting to approve these additional funds ends July 28. (link to message). (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). 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. Continental Country Club Listings. Becoming a member at Continental Country Club is an investment in yourself, your family and your future. 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. Great Circle Media serves Flagstaff, Prescott, Sedona, and the surrounding areas with Northern Arizonas Best Radio Stations! 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. . Fee: Continental Country Club HOA or Social Membership fee required. It has not been a normal winter in Flagstaff. Beginning 2024, we have three small increases to annual dues of $97 which resolves deferred maintenance and creates appropriate reserves/plan for maintaining building/grounds. By the end of the year, they expected they could get that number to $125,000. {{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. We are located on St Rte 44 just 2.5 miles east of Brownwood 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. 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! Once that happens, and at the approval of the homeowners, selling the golf course is something that can be discussed. Raising dues and increasing assessments is an important step to funding the reserves, Cohen's statement said. 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. For more information contact Continental Country Club Guest Services at . We do not currently expect the LFOs to elect Option A. Email notifications are only sent once a day, and only if there are new matching items. 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. 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. 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. These membership tiers are subdivision specific. 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! But Bliss also took issue with the HOAs suggestion that the issue over Lake Elaine was the primary cause of the bankruptcy. Two yeses mean $2.5M goes to either Option 1 or 2 as determined by creditors. The Lake Elaine lawsuit was based on a 1990 Amended Judgement and Settlement that was rejected by the bankruptcy court earlier this year. Then, you've come to the right place. The funds usually have strict criteria for how they are to be used. What is the source of funds that are being used to pay for all the signage and banners to support the special assessment? 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. The first payment would be due the same day as the due date for the special assessment. Sean Golightly reports on the environment and the city of Flagstaff. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. Is there a Special Assessment Payment Plan? Yes, there is nothing inherent in Chapter 7 that dissolves the HOA. Situated below Mount Elden in Flagstaff, AZ, the 18-hole championship golf course at Continental Country Club was designed by Bob E. Baldock. Continental owns and maintains the Walnut Canyon Lakes, and the Associations own experts have testified that Lake Elaine can be repaired. 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? 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 criteria is based on the HOA community rules and regulations, bylaws and accountability. 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. When were the clubhouse and clubhouse pool built? You can cancel at any time. However, a Chapter 7 panel trustee would be appointed and all decisions regarding the operations of the HOA will be made by the Trustee. 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. That's not true. I just see that as being poorly managed, Penoff said. 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. 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 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. No true repairs have been made to the Lake since 1994. Board Members for Continental Country Club Ro: Title Name Mailing Address Location; Dire . Court reservations required. Still, Chapter 7 and the liquidation of assets that would follow are by no means in Continentals interests. 50 Continental Blvd. ", 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.