The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. In 2006 Continental Country Club succeeded in unifying (11) different sets of CC&Rs for individual single-family subdivisions. Instead it has chosen to walk away from its obligations through bankruptcy reorganization, creating a stigma impacting more than 2,500 Association members. 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. It is not true that the Lakeside Homeowners want to bankrupt [Continental], the Legionnaire statement says. 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. The original clubhouse was built in 1960. Homeowners have a duty to pay their annual dues and this holds true even while in a Chapter 11 reorganization. . Are you looking for a great 55+ retirement community? After the October 30th preliminary ruling, the board studied and reviewed all possibilities, along with speaking with several professionals and our attorneys. If APPROVED and Option A is selected, then the property will be deeded to the Lake Elaine owners. 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. What is the process required to divest the HOA of Lake Elaine? They want the lake fixed, Bliss said. They are down to earth, fun-loving people that enjoy spending time together laughing over great food and refreshing drinks. We are located on St Rte 44 just 2.5 miles east of Brownwood 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. 50 Continental Blvd. You can cancel at any time. Main: (928) 526-5125Oakmont: (928) 526-7990Golf Shop: (928) 527-7997Bear Paw: (928) 522-1588, 2023 CONTINENTAL COUNTRY CLUB ALL RIGHTS RESERVED. 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. 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. That would be within the discretion of the trustee. View Properties for Sale at Continental Country Club located in Wildwood, FL. 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. If we had hired a professional HOA management team a few years ago, could we have avoided all this? There has been much misinformation about the history of Lake Elaine and the ability to maintain lakes in this area. However, the CC&Rs needed to be combined with the assessments at the amounts approved by each individual subdivision at that time. Back then, the increase had to be approved in each single-family subdivision. The 18-hole championship golf course at Continental Country Club is among the best-rated public courses in Flagstaff come visit us today to see why! The 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. Email notifications are only sent once a day, and only if there are new matching items. 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. What happens if we vote NO (DO NOT APPROVE) or dont meet the quorum requirement after two tries? What are we voting on, what is the timeline/details? Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. The owners of these properties are also obligated to pay annual assessments to CCC based on their respective CC&Rs. From AU$247 per night on Tripadvisor: Starlight Lodge at Rockport Harbor, Rockport. 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. Membership in Continental is a result of home ownership. The Ferraro Groups contract and the previous Cindy May Marketing contract are for the same amount. We will keep our facilities open and our employees will be working to ensure business as usual. Continental Country Club HOA is a community located in Chula Vista, CA (San Diego County). 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. 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. 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.. There are condominiums, big and small, that you can purchase in the $180,000 - $300,000 price range. At the time, it was an asset to the HOA. The Continental CC course can host up to 144 golfers at a time with a shot gun start. Now, the HOA faces bankruptcy if it can't come up with $2.5 million. Sign up for our newsletter to keep reading. When were the clubhouse and clubhouse pool built? 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. We have compensated by charging usage fees and not giving golf discounts to those who do not pay the full amount. 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. 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. 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%. President - The president of the Board presides at all meetings of the Board of Directors. 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. 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. How will this affect the value of my home? What about the special assessment or other fees? So, we either pay the known $2.5 million now, or pay more later up to the $15 million? Flagstaff, Feb. 12, 2021 - Continental Country Club is a great place to live and provides many amenities for the broader community. If Option B is selected, the redesign will be the Associations responsibility. The required work would require Engineers, Contractors, and time. These homeowners - the "Class" - believe that the Association has options to address its financial challenges. 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.. 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. 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. 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. The criteria is based on the HOA community rules and regulations, bylaws and accountability. The Continental Country Club in Flagstaff is bankrupt. One that was, you know, competent., Financial mismanagement reaches further back than the 2020 study, said resident John Nilsson. Continental Country Club Who are the members of CCC? View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. 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/. Court testimony confirmed what the Class already knew: The Lake holds water and can be fixed. If the Assessment and dues increase fails, and the HOA converts to Chapter 7, will the Lake Elaine lawsuit continue? Sign up for our newsletter to keep reading. 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! 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. Email notifications are only sent once a day, and only if there are new matching items. 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. 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. First used to store water for the golf course, Lake Elaine is now only aesthetic, but has been leaking water for decades. The funds usually have strict criteria for how they are to be used. 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. The Villages, FL 32162 Directions. This includes CC&Rs enforcement on the property, common area maintenance, amenities access and social activities. 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. That fee would drop to $500 if the HOA begins refilling the lake and continue until it is full. 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. For the most part, most of our Members should not be affected by this petition. Raising dues and increasing assessments is an important step to funding the reserves, Cohen's statement said. Voting to approve these additional funds ends July 28. Not necessarily. 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. The January newsletter provided to homeowners did reference that bankruptcy was an option that was being considered. This filing allows Continental and its homeowners the chance for a fresh start so we can best address several issues, Held said. When were the clubhouse and clubhouse pool built? The work and fines until the lake was filled amounted to a lot of money that our Association does not have. You have permission to edit this article. https://continentalflagstaff.com/motion-to-reject-1990-agreement-granted/. Trees are falling in Flagstaff and have been compromised as a result of recent winter storms. Will there be an increase to my annual assessment? Held says the bankruptcy wont close the golf course or force any layoffs and daily operations will go on as normal. Property Type Single Family Residential HOA Dues $46/month Year Built 1985 Community Continental Cntry Clb Lot Size 0.29 Acres MLS# 192424 Price Insights List Price $849,900 Est. 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. Four Star Homes has Properties in Adult, Family, and Senior Communities throughout Central Florida. A Flagstaff man is behind bars, charged with aggravated DUI and kidnapping. 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. 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. 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. HOA Documents Articles of Incorporation CC&Rs Bylaws Membership Policies A future owner of your home may find golf or the other amenities appealing. This discount allows members & guests to enjoy the lowest rates offered on our rack card. The restrictions contained in a declaration are covenants that run with the land and cannot be terminated by the owner. However, even if we cant use amenities, were still required to pay annual lot assessment fees even when unable to use amenities. In 2017, residents came back and asked the court to hold the HOA in contempt for not following through on its mandate to keep the lake full. https://continentalflagstaff.com/fee-schedule-to-support-the-reorganization-plan/. Can we just abandon the property? 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. Background: How did we get in this situation regarding Lake Elaine and the Bankruptcy? 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. There are a lot of different options when it comes to housing in Continental Country Club. I just see that as being poorly managed, Penoff said. https://continentalflagstaff.com/what-if-our-members-dont-approve/. . The fee had been set to begin at the start of February, . You can cancel at any time. 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! Can a trustee remove the restrictions on the use of the golf course to sell it for maximum value? Get Adobe Acrobat Reader free to view these files. 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. We have the receipts. Continental County Club has filed for Chapter 11 bankruptcy protection, but daily operations wont change. Can I see a Reserve Study Summary of expenditures broken out by amenity? Flyer Link. Without an additional court order, the Trustee steps into the Debtors shoes and inherits any and all land restrictions, encumbrances, etc. 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 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. 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. Continental Country Club home prices vary from luxury homes to more affordable homes that might be perfect for first-time buyers. The Board President of the Homeowners Association of Continental Country Club in Flagstaff, . The lake level has been falling because water is seeping out despite previous attempts to seal the lake bottom. 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. Ensure continued use of our club amenities and environment. A big vote is underway at Continental Country Club in East Flagstaff. 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. 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. 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. Learn More on our tournaments page. Why did the Board decide to take this step now? Dues increases and/or special assessment would have been necessary even if a professional management company was involved. 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! 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. (link to message). And its free! We also have aging facilities that require upkeep with an insignificant amount of reserves. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. This one-acre park, opened in 2013, includes a playground with a swing set and a picnic table. Even more, we do all the work of the Deed Restriction for you! 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! Quick Facts Getting Around Continental Country Club Continental Country Club Learn more about this neighborhood. Our members are what makes the social membership so special. What is the source of funds that are being used to pay for all the signage and banners to support the special assessment? The . Quite honestly, I can't imagine a professional management company letting this happen. 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.. Then, you've come to the right place. Even more, we do all the work of the Deed Restriction for you! 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. 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. 3. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! 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. The Kroger Co. 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 Court reservations required. Subscribe to our Daily Headlines newsletter. Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. Flagstaff City Championship Flyer They say Lake Elaine can be fixed, and that Continental can afford it but is using bankruptcy to shirk legal obligations established in 1990, suggesting that the Lake Elaine issue is being used to distract from a bigger issue: decades of financial mismanagement. Log in, Continental Country Club HOA Chula Vista, CA, Alicante at San Miguel Ranch HOA Chula Vista, CA. For every four gallons of water that is pumped into the lake each day, three gallons are lost to seepage into the ground. 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? Log in, Continental Country Club HOA in Flagstaff, AZ, Forest Highlands Golf Club HOA in Flagstaff, AZ, Railroad Springs Townhomes HOA in Flagstaff, AZ. The following is a statement from Lakeside Homeowners At Continental: Continental Country Clubs Financial Challenges Result From Failure to Plan and Confront Obligations. Why dont we just sell the golf course to eliminate the large expense of deferred and ongoing maintenance? 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. 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.. Becoming a member at Continental Country Club is an investment in yourself, your family and your future. At the beginning of the Chapter 11 process, we explained that values may be negatively affected. Home to one of the best-rated public golf courses in Flagstaff, AZ. 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 150 Saab tingida. Continental received $1500 in donations for marketing materials for the campaign. 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. HOA Fee Includes Were empathetic to those on fixed incomes, and offer payment plans to ease burdens. For HOA info, property manager and board member contact, HOA fees, maintenance requests, estoppel, complaints, HOA rules & regulations, documents, amenities, real estate purchase/sales, wind mitigation requests, and architectural/landscape committee. When will we know about the timing and amount of any assessments that will be needed? In a Chapter 7 does the HOA remain in place? This anomaly resulted in 1994. The Continental Country Club in Flagstaff is bankrupt. As with any kind of public HOA restructuring, the CCC bankruptcy could create some market uncertainty on the impacted houses, however this kind of impact should be short-lived and was inevitable given CCCs financial condition and potential Lake Elaine liabilities that must be addressed under the courts recent preliminary ruling. As we now know, market conditions have been favorable for most of the real estate market, including our CCC properties. Staffed with talented and devoted professionals, Continental Country Club is among the area's best-rated public courses. {{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.
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