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. You have permission to edit this article. 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! 4530 Red Fox Ln, Flagstaff, AZ 86004 | MLS# 192424 | Redfin Staffed with talented and devoted professionals, Continental Country Club is among the area's best-rated public courses. That fee would drop to $500 if the HOA begins refilling the lake, and continue until it is full. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. This anomaly resulted in 1994. 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. A filing for Bankruptcy can take many forms, including a Chapter 11 Reorganization. application fee details: $55 app fee online at our website bishoprealtygrp. 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. If we pay the $2.5M now, were done forever, other than ongoing maintenance of the small ponds, according to Judge Ballinger. Do all members of the HOA get to vote for the new HOA Dues and Special Assessment? At the beginning of the Chapter 11 process, we explained that values may be negatively affected. You can cancel at any time. This includes CC&Rs enforcement on the property, common area maintenance, amenities access and social activities. There are a lot of different options when it comes to housing in Continental Country Club. 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. Continental Country Club - 78 Spaces - Apartments.com Below you can find information for the homeowners association including HOA fee includes, community features and amenities. Will there be an increase to my annual assessment? The January newsletter provided to homeowners did reference that bankruptcy was an option that was being considered. One thing to remember, you will be required to pay additional Home Owner . HOA Legal Name: CONTINENTAL COUNTRY CLUB R.O., INC. 50 Continental Blvd. The obligation to pay dues at least at their current level runs with the land. 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. Continental Country Club HOA is a community located in Flagstaff, AZ (Coconino County). For the most part, most of our Members should not be affected by this petition. A Big Vote Is Underway At Continental Country Club A future owner of your home may find golf or the other amenities appealing. How will this affect the value of my home? The original clubhouse was built in 1960. 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! (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). That resulted in two levels. There was a problem saving your notification. The lake level has been falling because water is seeping out despite previous attempts to seal the lake bottom. Were empathetic to those on fixed incomes, and offer payment plans to ease burdens. For the good of our residents and those who enjoy our facilities, it was time to take action.. The Lakeside Homeowners would lose as much as any other owner would if the bankruptcy ended in a liquidation.. Homeowners have a duty to pay their annual dues and this holds true even while in a Chapter 11 reorganization. Is it possible to leave the HOA so we're not part of it? 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. 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. 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.. 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! Hobby Shop Temecula - kbstricks.it 2380 N. Oakmont Drive, Flagstaff, AZ 86004 (928) 526-5125 www.continentalflagstaff.com . Can I see a Reserve Study Summary of expenditures broken out by amenity? The failure to plan by the association, the failure to reserve funds, have really put the association in a tough spot.. 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. Zillow has 3 homes for sale in 34785 matching Continental Country Club. Please subscribe to keep reading. 2380 N Oakmont Dr The Board approved a two-tier membership now known as Associate and Full Membership to account for the difference in assessment levels. The owners of these properties are also obligated to pay annual assessments to CCC based on their respective CC&Rs. 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. So, we either pay the known $2.5 million now, or pay more later up to the $15 million? There were several additions made in the 1970s. So, you know, we know that the association is trying to make this look like it's the bankruptcy is all about Lake Elaine, but the association has a number of financial problems, several of which are not related to Lake Elaine, Bliss 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. 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. Continental Country Club mostly features cozy homes that are very reasonably priced. 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. Homes - Continental Country Club FL Public Pickleball Courts in and around Flagstaff First used to store water for the golf course, Lake Elaine is now only aesthetic, but has been leaking water for decades. 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 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. 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 fee had been set to begin at the start of February, but due to the bankruptcy, it has been put on hold. $273 Buyer's Agent Commission 2.5% Street View Directions Ask Redfin Agent Cody a Question Cody Bauer Flagstaff Redfin Agent The special assessment can be paid over two years with eight (8) quarterly payments of $261 (which includes 5% interest). If the plan is approved, Murray says there are two options that can be done with the land. That's not true. They are down to earth, fun-loving people that enjoy spending time together laughing over great food and refreshing drinks. That would be within the discretion of the trustee. Continental Country Club HOA Chula Vista, CA Before buying in Continental Country Club HOA you will want to check out their reserve funds, budgets, bylaws as well as the rules and restrictions of the community. In some cases, these problems predate the current board by years, if not decades. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. Unfortunately, this was the only possible conclusion, and once decided, needed to be acted upon quickly. This community dates back to 1975 and has continued to develop over the years. Continental Country Club Files For Chapter 11 Bankruptcy, Will Stay Continental Country Club in Wildwood, Florida, USA | GolfPass 3. Main: (928) 526-5125Oakmont: (928) 526-7990Golf Shop: (928) 527-7997Bear Paw: (928) 522-1588, 2023 CONTINENTAL COUNTRY CLUB ALL RIGHTS RESERVED, Violation Enforcement Policy and Fine Schedule. 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. . 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. While the pending contempt order and associated fines were the catalyst for this action, there were also underlying considerations including an October 21 obligation to pay a $600,000 balloon payment incurred when funds were borrowed to install a new golf course irrigation system in October 2011. Quite honestly, I can't imagine a professional management company letting this happen. *Country Club Homeowners: This amount is for quarterly dues only and is separate from mandatory social membership dues. 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. 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. Continental Country Club Who are the members of CCC? The Country Inn at Camden Rockport Show prices Enter dates to see prices 505 reviews #1 Best Value of 15 places to stay in Rockport By Allyson R "The staff is fantastic, the room clean and comfortable, the continental breakfast delicious and hot. Yes, on November 16, 2021 the board unanimously passed a one-time resolution allowing townhome/condominium members a vote on the two fees that are required to support the reorganization plan. In a Chapter 7 does the trustee manage the HOA? 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. Each year, members may elect a new board or move to a professional management association. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. Flagstaff City Championship Flyer At the time, it was an asset to the HOA. These homeowners the Class believe that the Association has options to address its financial challenges. If the Assessment and dues increase fails, and the HOA converts to Chapter 7, will the Lake Elaine lawsuit continue? Bronson Creek feeds into a wetland on the east side of the park; a paved trail provides access to the wetland. 27470 Jefferson Ave. Pizza making Mamma mia, we love this one! 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. Yes, there is nothing inherent in Chapter 7 that dissolves the HOA. Chapter 11 Filing FAQ - Continental Country Club They want the lake fixed, Bliss said. You can cancel at any time. Are you looking for a great 55+ retirement community? 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. Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. By 2026, the annual dues increase will be $189. Kroger Near The Villages FlView My Lists Kroger Pay. Find 1036 listings Not necessarily. Voting to approve these additional funds ends July 28. How much are you paying for these signs Im seeing, and this PR firm? How do timeshares fit into the funding picture? Log in, Continental Country Club HOA in Chula Vista, CA, Terraza at Otay Ranch Village HOA in Chula Vista, CA, Chula Vista Bayfront HOA in Chula Vista, CA. Are our property assessments used for this? If I haven't yet paid my annual dues, will they still have to be paid? Can we just abandon the property? However, the CC&Rs needed to be combined with the assessments at the amounts approved by each individual subdivision at that time. The fee had been set to begin at the start of February, . 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.. 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. But, in the 1990s, disaster struck. Membership - Continental Country Club Board Members for Continental Country Club Ro: Title Name Mailing Address Location; Dire . If it is to be divested, it must be accepted by a third party. Number of Units: 973 Offices of the Board of Directors and their Duties The officers of the board of directors are generally president, vice-president, secretary, treasurer and member at large. You have permission to edit this article. The required work would require Engineers, Contractors, and time. 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. 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. There was a problem saving your notification. 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. Search And Rescue Crews Tended To An Injured Hiker On Mt. Multi-Unit Information Community Amenities: Clubhouse, Golf, Pool/Spa, Tennis Court Parking Information Garage Type: Garage Door Opener Garage Type: Garage Capacity: 7.00 Homeowners Association Information HOA Fees: 550.00 HOA Frequency: Yearly HOA Name: Continental Country Club HOA Contact #: 928.526.5125 The Continental Country Club constructed Lake Elaine back in the 1970s. {{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, Flagstaff schools planning to make up instructional time after this winter's snow days, Investigation underway after body found near Sunset Crater National Monument, 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, continentalflagstaff.com/the-voting-process-on-the-two-fees/, City of Flagstaff Year in Review: Housing, transportation key considerations as city develops, 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, Greece train crash: Public anger grows as death toll rises. 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 property cannot be abandoned. 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. 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 Continental Country Club in Flagstaff is bankrupt. There has been much misinformation about the history of Lake Elaine and the ability to maintain lakes in this area. The reorganization plan imposes a one-time special assessment of $2,000. What happens if we vote NO (DO NOT APPROVE) or dont meet the quorum requirement after two tries? Continental Country Club - Flagstaff Golf Homes - Our Complete 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.. Please subscribe to keep reading. The community is gated, includes 24/7 security and even allows pets. Continental Country Club - Wildwood, FL Homes for Sale & Real Estate 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. What happens if 2 YES (APPROVE) for Special Assessment and Annual Dues Increase? We do think that if we are unsuccessful in approving the fees necessary to support the reorganization plan, there will likely be a negative effect on property values with the reduced or possible loss of amenities currently enjoyed by HOA members including golf course or driving range, tennis or pickleball courts, swimming pool, clubhouse and Bear Paw Recreation Center. 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. Continental has known about its financial challenges for years, even decades, but neglected to plan for or properly address them. Continental Country Clubs HOA files for Chapter 11 bankruptcy. 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. If we convert to Chapter 7, the HOA cannot be sued by Lake Elaine property owners or any other entity. Continental owns and maintains the Walnut Canyon Lakes, and the Associations own experts have testified that Lake Elaine can be repaired. 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. 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. The costs are too much of a burden for members on a fixed income? There are constant ongoing repairs and improvements required for these assets that must be addressed. 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. How does the Chapter 11 filing affect me as a Continental Country Club Member?
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