continental country club hoa fees
https://continentalflagstaff.com/what-if-our-members-dont-approve/. Bliss said the HOA also has lots of deferred maintenance fees, while also having some of the lowest member fees in the state. That would be within the discretion of the trustee. Continental Country Club HOA is a community located in Chula Vista, CA (San Diego County). HOA Legal Name: CONTINENTAL COUNTRY CLUB R.O., INC. For the good of our residents and those who enjoy our facilities, it was time to take action.. All Single-Family homes governed by the CC&Rs are obligated to pay an annual lot assessment. 150 Saab tingida. Chapter 11 Reorganization | FAQ | Communication with Members | Court Motions & Hearings | Media Announcements. Continental Golf Course Is CLOSED for the Season! 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. And its free! Great Circle Media serves Flagstaff, Prescott, Sedona, and the surrounding areas with Northern Arizonas Best Radio Stations! The availability of these amenities, whether used or not, makes CCC a desirable neighborhood and increases property values. 219 4. But, in the 1990s, disaster struck. The question is why. The Lakeside Homeowners would lose as much as any other owner would if the bankruptcy ended in a liquidation.. How does the Chapter 11 filing affect me as a Continental Country Club Member? On this point, the Legionnaires agree. There was a problem saving your notification. What are we voting on, what is the timeline/details? 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. 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. The amount of a one-time special assessment and annual dues increases has been discussed earlier in this section as well as in several Things to Know messages. I just see that as being poorly managed, Penoff said. The remaining properties consist of Townhomes, Condos and timeshares. 2380 N Oakmont Dr You can cancel at any time. 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. We do not currently expect the LFOs to elect Option A. The special assessment can be paid over two years with eight (8) quarterly payments of $261 (which includes 5% interest). The Continental Country Club course is filled with par 3s and par 5s, offers beautiful mountain views and a friendly, neighborhood environment. Schedule: No open play during the off-season (Nov-Apr). If the Assessment and dues increase fails, and the HOA converts to Chapter 7, will the Lake Elaine lawsuit continue? 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. It is not true that the Lakeside Homeowners want to bankrupt [Continental], the Legionnaire statement says. When were the clubhouse and clubhouse pool built? 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. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. Joining the Continental Country Club HOA is the easiest way to protect your propertys value! When will we know about the timing and amount of any assessments that will be needed? But the residents involved in the class action suit believe repairing the lake isn't nearly that expensive. 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! There are condominiums, big and small, that you can purchase in the $180,000 - $300,000 price range. They don't want to claim for damages. The criteria is based on the HOA community rules and regulations, bylaws and accountability. The costs are too much of a burden for members on a fixed income? Some of that is the result of limitations on the Associations revenues and on its ability to raise dues or impose special assessments. These homeowners are known as Associate members. 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.. Even more, we do all the work of the Deed Restriction for you! 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 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. Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. Can we just abandon the property? In a media release, the HOA board seemed to attribute most of their problems to recent legal action over Lake Elaine, a man-made lake within the country club that has been the center of controversy for years. President - The president of the Board presides at all meetings of the Board of Directors. Background: How did we get in this situation regarding Lake Elaine and the Bankruptcy? Now, the HOA faces bankruptcy if it can't come up with $2.5 million. From AU$247 per night on Tripadvisor: Starlight Lodge at Rockport Harbor, Rockport. (link to message). 3mi Publix Quick Picks Delivery by 11:00am Walgreens Delivery by 3:35am Sam's Club Delivery by 11:00am ABC Fine Wine & Spirits Delivery by 2:00pm. 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. 50 Continental Blvd. 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 types of townhomes available from $300,000 - $500,000. We will keep our facilities open and our employees will be working to ensure business as usual. How do timeshares fit into the funding picture? 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. 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. 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. Are you looking for a great 55+ retirement community? An HOA faces bankruptcy because of its man-made 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. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. The issues we are dealing with today began 30 years ago and the current board wasnt a part of. Continental Country Club Who are the members of CCC? 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 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. Learn More on our tournaments page. Four Star Homes has Properties in Adult, Family, and Senior Communities throughout Central Florida. 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. The Social Membership allows you access to all the Club's amenities and provides the opportunity to take part in our extensive calendar of social events, Whether you plan to use Flagstaff as your home base or your vacation get-away you will not regret calling this home! 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. 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. It is disingenuous for any group to shift the blame to the reserve study, and then not vote to fund the maintenance and improvements identified in the study.. The Class also estimates this temporary solution could be completed quickly in months, not years. Based on the HOAs rules, those fees can only be raised by a two-thirds vote by all members. The Ferraro Groups contract and the previous Cindy May Marketing contract are for the same amount. If the plan is approved, Murray says there are two options that can be done with the land. 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 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. Continental County Club has filed for Chapter 11 bankruptcy protection, but daily operations wont change. 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. The question is why. Meeste parka Helly Hansen Continental XL UUS. We do support the vote for the additional funds for the homeowners association.. The Trustee is charged with maximizing distributions to creditors. You can cancel at any time. The Wyndham Timeshares (125 units) are Full Members of Continental just like all other owners. Were voting for a smaller cost now ($2,000 to cover the $2.5M), to protect ourselves from possible larger costs later, unending litigation and the $15 million claim of the LFOs that could not be addressed any other way outside of bankruptcy, to protect our amenities and eradicate Lake Elaine issues. 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 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. 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. Example turn the golf course into single-family homes. . Why are there currently some members paying different assessment rates? 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 Get Adobe Acrobat Reader free to view these files. What is the process required to divest the HOA of Lake Elaine? Then, you've come to the right place. Dues increases and/or special assessment would have been necessary even if a professional management company was involved. 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. Will there be an increase to my annual assessment? The benefits are endless and your experiences will last a lifetime. Lease Details & Fees Details Property Information 78 units/1 story Location 445 Orange Ave , Chula Vista , CA 91911 Get Directions This Property Available Property Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. That's not true. A July 14 article for the Arizona Daily Sun explored the issue through testimony from management of the country clubs homeowners association and other residents. Will all country club members be allowed on the new redeveloped lake? Held says the work would take time and millions of dollars. 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.. 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. Board Members for Continental Country Club Ro: Title Name Mailing Address Location; Dire . . 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. Buying a new home in the Continental area? Register for our eClub to receive regular offers and updates from Continental CC! Email notifications are only sent once a day, and only if there are new matching items. Subscribe to our Daily Headlines newsletter. 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. Beyond the potential Lake Elaine obligations, we have a 50-year-old building, and numerous amenities. 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. application fee details: $55 app fee online at our website bishoprealtygrp. 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. There are approximately 1,360 single-family homes (in addition to 1,030 townhouses, condos, and timeshares) within the Continental Country Club Homeowners Association. 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. 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.. Get up-to-the-minute news sent straight to your device. Continental Country Clubs HOA files for Chapter 11 bankruptcy. I dont golf. Staffed with talented and devoted professionals, Continental Country Club is among the area's best-rated public courses. Not currently but we hope that our members will approve the two fees required to support the reorganization plan that will provide our HOA with a healthier and stronger future. CCC also had a balloon payment due in October, for $600,000. If APPROVED and Option A is selected, then the property will be deeded to the Lake Elaine owners. We have compensated by charging usage fees and not giving golf discounts to those who do not pay the full amount. 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. Option #1 would be to deed the land to the 52 lakefront owners and pay them $2.5 million to repair and maintain the lake in perpetuity. If Option B is selected, the redesign will be the Associations responsibility. You have permission to edit this article. A July 14 article for the Arizona Daily Sun explored the issue through testimony from management of the country. We have the receipts. Email notifications are only sent once a day, and only if there are new matching items. 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. Is it possible to leave the HOA so we're not part of it? Continental is responsible for those owners access to amenities and common area maintenance. You have permission to edit this article. Situated below Mount Elden in Flagstaff, AZ, the 18-hole championship golf course at Continental Country Club was designed by Bob E. Baldock. If I havent yet paid my annual dues, will they still have to be paid? Why didnt the Board give us a warning that this was going to happen? What happens if we vote NO (DO NOT APPROVE) or dont meet the quorum requirement after two tries? By 2026, the annual dues increase will be $189. These membership tiers are subdivision specific. 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 Kroger Co. Contrary to the Associations statements, a partial repair would cost nowhere near the millions of dollars suggested by the Association. 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. The lake level has been falling because water is seeping out despite previous attempts to seal the lake bottom. 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. Raising dues and increasing assessments is an important step to funding the reserves, Cohen's statement said. 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. The obligation to pay dues at least at their current level runs with the land. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! Please subscribe to keep reading. Reorganization comes after decades of the Association kicking the can down the road. How do timeshares fit into the funding picture? 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. If we had hired a professional HOA management team a few years ago, could we have avoided all this? The Boards decision to take this step relied on a three-pronged financial problem that was accelerated after the October 30th preliminary ruling of finding CCC in contempt for having not maintained Lake Elaine consistent with a 1990 Consent Decree, discussed below. There are constant ongoing repairs and improvements required for these assets that must be addressed. But some lakefront residents on the other side of the legal battle have a different perspective. *Country Club Homeowners: This amount is for quarterly dues only and is separate from mandatory social membership dues. If you are looking for our main website, click here. What is the source of funds that are being used to pay for all the signage and banners to support the special assessment? Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. Flagstaff, Feb. 12, 2021 Continental Country Club is a great place to live and provides many amenities for the broader community. Continental Country Club Home and Lot Sales, Long-Term & Seasonal Rentals Are Currently Handled By: Click on the Link Below to See the Available Homes For Sale www.FourStarHomes.com Click this Link for Rental Homes. No true repairs have been made to the Lake since 1994. 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. All owners of lots subject to the declaration are required to be members of Continental Country Club, Inc., per the recorded declaration. 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%. There was a problem saving your notification. If we convert to Chapter 7, the HOA cannot be sued by Lake Elaine property owners or any other entity. Payment $4,996 Price/Sq.Ft. The reorganization plan imposes an increase to our annual assessment that will be phased in over three years beginning in 2024. 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. Here are the top City of Flagstaff stories from 2022. This includes CC&Rs enforcement on the property, common area maintenance, amenities access and social activities. 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. Associate Members have the option to upgrade on an annual basis to full members, although full members do not have the option to become associate members. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). To him, the results of this 2020 study were disturbing.. 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. Are you looking for a great restaurant? . The CC&Rs govern 1,210 single family homes. There has been much misinformation about the history of Lake Elaine and the ability to maintain lakes in this area. The Continental Country Club constructed Lake Elaine back in the 1970s. Indeed, in a letter to HOA members, Held said the organization also has a $600,000 balloon payment on a loan taken out in 2011 for the installation of a new irrigation system. Now, it has turned to owners for funding. Flyer Link. Sign up for our newsletter to keep reading. The Board President of the Homeowners Association of Continental Country Club in Flagstaff, . 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. By the end of the year, they expected they could get that number to $125,000. Our members are what makes the social membership so special. That's not what any of our folks want. Unfortunately, this was the only possible conclusion, and once decided, needed to be acted upon quickly. The Continental CC course can host up to 144 golfers at a time with a shot gun start. 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/. At the time, it was an asset to the HOA. 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. $273 Buyer's Agent Commission 2.5% Street View Directions Ask Redfin Agent Cody a Question Cody Bauer Flagstaff Redfin Agent Below you can find information for the homeowners association including HOA fee includes, community features and amenities. If I haven't yet paid my annual dues, will they still have to be paid? 2011 Sunwest loan with Oct. 2021 balloon payment due, Deferred and anticipated club amenity maintenance, Decades-long Lake Elaine lawsuit with potential daily fines of up to $700 per day and restoration of a full lake. In a Chapter 7 does the HOA remain in place? Are the fines associated with the October 2020 preliminary ruling being assessed currently? continental country club hoa fees. The trustee is appointed to liquidate and pay, not operate. Bronson Creek feeds into a wetland on the east side of the park; a paved trail provides access to the wetland. He recalled clear statements in meeting minutes from Continentals board of directors meeting that the reserves were significantly inadequate back in 2014., There was no follow-through, and the reserves are still woefully inadequate, Nilsson said. Who owns the property Lake Elaine is on and who is responsible for its redevelopment and construction? 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. One thing to remember, you will be required to pay additional Home Owner . Quick Facts Getting Around Continental Country Club Continental Country Club Learn more about this neighborhood. 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! 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.