continental country club hoa fees

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. A draft reserve study has been received and is under review that shows that millions of dollars are needed over the next 10 years and through 2050. 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 He said the HOA has several other significant expenses and issues that have prevented it from properly facing those issues. Court reservations required. 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. 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. There are constant ongoing repairs and improvements required for these assets that must be addressed. 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. The . 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. 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. Its those reasons why the Club went into Chapter 11 bankruptcy in February of 2021. Bliss said they believe that most of the leaks are in the upper portion of Lake Elaine and targeting repairs toward that section of the lake would go a long way in solving the problem. 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. 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.. It is not true that the Lakeside Homeowners want to bankrupt [Continental], the Legionnaire statement says. One thing to remember, you will be required to pay additional Home Owner . At the time, it was an asset to the HOA. Continental Country Club Who are the members of CCC? How will this affect the value of my home? 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. Can we just abandon the property? All Single-Family homes governed by the CC&Rs are obligated to pay an annual lot assessment. Reach him at sgolightly@azdailysun.com, on Twitter at @sean_golightly, or on Instagram at @golightly_writes. 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. Continental Country Clubs HOA files for Chapter 11 bankruptcy. The failure to plan by the association, the failure to reserve funds, have really put the association in a tough spot.. 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. Give Us A Call: 1-888-452-6595. But the residents involved in the class action suit believe repairing the lake isn't nearly that expensive. The question is why. HOA Fee Includes The required work would require Engineers, Contractors, and time. Why am I paying for amenities I dont use? Why are there currently some members paying different assessment rates? https://continentalflagstaff.com/what-if-our-members-dont-approve/. The availability of these amenities, whether used or not, makes CCC a desirable neighborhood and increases property values. Bliss said the HOA also has lots of deferred maintenance fees, while also having some of the lowest member fees in the state. 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 - 78 Spaces is an apartment community located in San Diego County and the 91911 ZIP Code. Fee: Continental Country Club HOA or Social Membership fee required. That resulted in two levels. For more information contact Continental Country Club Guest Services at . The lake level has been falling because water is seeping out despite previous attempts to seal the lake bottom. 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. Email notifications are only sent once a day, and only if there are new matching items. What about the special assessment or other fees? When were the clubhouse and clubhouse pool built? Our members are what makes the social membership so special. If you are looking for our main website, click here. The work and fines until the lake was filled amounted to a lot of money that our Association does not have. Why are there currently some members paying different assessment rates? 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. 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. They don't want to claim for damages. In the mean time the proshop will still be open Tuesday- Saturday 9am-4pm. There are approximately 1,360 single-family homes (in addition to 1,030 townhouses, condos, and timeshares) within the Continental Country Club Homeowners Association. If the plan is approved, Murray says there are two options that can be done with the land. Each year, members may elect a new board or move to a professional management association. 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. Our main desire is for members and guests, alike, to have a memorable golfing experience. The intent in filing Chapter 11 Reorganization was to give CCC the opportunity to develop a reorganization plan and develop a solid financial footing for the future. These membership tiers are subdivision specific. Joining the Continental Country Club HOA is the easiest way to protect your property's value! (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). 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. 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 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. 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. On this point, the Legionnaires agree. View Properties for Sale at Continental Country Club located in Wildwood, FL. If the Assessment and dues increase fails, and the HOA converts to Chapter 7, will the Lake Elaine lawsuit continue? Continental Country Club mostly features cozy homes that are very reasonably priced. 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. Staffed with talented and devoted professionals, Continental Country Club is among the area's best-rated public courses. Not necessarily. When were the clubhouse and clubhouse pool built? Raising dues and increasing assessments is an important step to funding the reserves, Cohen's statement said. We do not currently expect the LFOs to elect Option A. By the end of the year, they expected they could get that number to $125,000. Continental Country Club home prices vary from luxury homes to more affordable homes that might be perfect for first-time buyers. Continental Country Club. Why didnt the Board give us a warning that this was going to happen? 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! Even more, we do all the work of the Deed Restriction for you! Continental received $1500 in donations for marketing materials for the campaign. Do all members of the HOA get to vote for the new HOA Dues and Special Assessment? 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. Sign up for our newsletter to keep reading. 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. 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. This filing allows Continental and its homeowners the chance for a fresh start so we can best address several issues, Held said. HOA Documents Articles of Incorporation CC&Rs Bylaws Membership Policies (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). Are you looking for a great restaurant? 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. 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. . Home to one of the best-rated public golf courses in Flagstaff, AZ. There are condominiums, big and small, that you can purchase in the $180,000 - $300,000 price range. 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. Panda Express is expanding to east Flagstaff. The question is why. The community is gated, includes 24/7 security and even allows pets. 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. It was approved in some subdivisions, but not in others, as some subdivisions expressed strong discontent with increasing the assessment because they did not see value in the use of amenities. Are you looking for a great 55+ retirement community? Who owns the property Lake Elaine is on and who is responsible for its redevelopment and construction? Elden Thursday, Jeronimo Vasquez Named District 2 Supervisor, 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. There are many unknowns associated with a conversion to Chapter 7. By 2026, the annual dues increase will be $189. Yes, there is nothing inherent in Chapter 7 that dissolves the HOA. 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.. 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 . Court testimony confirmed what the Class already knew: The Lake holds water and can be fixed. 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. 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. 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. Flagstaff, AZ 86004, Call Continental Country Club at (928) 526-5125, on our EZLinks tee times page in a new tab. 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. The Lake Elaine lawsuit was based on a 1990 Amended Judgement and Settlement that was rejected by the bankruptcy court earlier this year. (link to message). Still, Chapter 7 and the liquidation of assets that would follow are by no means in Continentals interests. 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. At the time, it was an asset to the HOA. However, a Chapter 7 panel trustee would be appointed and all decisions regarding the operations of the HOA will be made by the Trustee. A Flagstaff man is behind bars, charged with aggravated DUI and kidnapping. 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. 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. These properties have individual property management companies who handles their CC&R enforcement and day-to-day operation. This community dates back to 1975 and has continued to develop over the years. A big vote is underway at Continental Country Club in East Flagstaff. Continental has known about its financial challenges for years, even decades, but neglected to plan for or properly address them. Continental owns and maintains the Walnut Canyon Lakes, and the Associations own experts have testified that Lake Elaine can be repaired. 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. Then starting in 2024, full members would owe an additional $97 for 2024, 2025 and 2026. Log in, Continental Country Club HOA in Flagstaff, AZ, Forest Highlands Golf Club HOA in Flagstaff, AZ, Railroad Springs Townhomes HOA in Flagstaff, AZ. Selling the golf course is not legally a feasible option until we emerge from Chapter 11 bankruptcy. What is the process required to divest the HOA of Lake Elaine? After the October 30th preliminary ruling, the board studied and reviewed all possibilities, along with speaking with several professionals and our attorneys. Two yeses mean $2.5M goes to either Option 1 or 2 as determined by creditors. 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. Ballots go out June 28th, and need to be mailed or returned in-person, Owners who do not return an absentee ballot will be allowed to vote in person at July 30th special meeting, We must reach 60% of quorum (or participation of homeowners in the vote), 2/3 of those voting must vote yes on BOTH ballots for it to be approved, Results announced in special meeting of the members on Saturday, July 30th. Some of that is the result of limitations on the Associations revenues and on its ability to raise dues or impose special assessments. HOA Legal Name: CONTINENTAL COUNTRY CLUB, INC. Reserve funds are used for large projects such as replacements or repairs within the homeowners association. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. Beyond the potential Lake Elaine obligations, we have a 50-year-old building, and numerous amenities. Quick Facts Getting Around Continental Country Club Continental Country Club Learn more about this neighborhood. The reorganization plan imposes an increase to our annual assessment that will be phased in over three years beginning in 2024. And it's free! At the time of the study, Continentals reserve balance was $54,291. . Sean Golightly reports on the environment and the city of Flagstaff. *Country Club Homeowners: This amount is for quarterly dues only and is separate from mandatory social membership dues. One that was, you know, competent., Financial mismanagement reaches further back than the 2020 study, said resident John Nilsson. 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. It has not been a normal winter in Flagstaff. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. {{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, 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. The filing for Chapter 11 reorganization stays those fines. These homeowners the Class believe that the Association has options to address its financial challenges. Flagstaff City Championship Flyer This included signage, team captain materials and t-shirts. Now, the association is asking homeowners to vote to approve two items a one-time fee and an increase in annual dues.

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