From AU$247 per night on Tripadvisor: Starlight Lodge at Rockport Harbor, Rockport. Search And Rescue Crews Tended To An Injured Hiker On Mt. This included signage, team captain materials and t-shirts. You have permission to edit this article. 2380 N Oakmont Dr These membership tiers are subdivision specific. 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! Continental owns and maintains the Walnut Canyon Lakes, and the Associations own experts have testified that Lake Elaine can be repaired. 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. Log in, Continental Country Club HOA Chula Vista, CA, Alicante at San Miguel Ranch HOA Chula Vista, CA. 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. Is it possible to leave the HOA so we're not part of it? . That would be within the discretion of the trustee. There are a lot of different options when it comes to housing in Continental Country Club. Held says the work would take time and millions of dollars. 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 Can we just abandon the property? By 2026, the annual dues increase will be $189. Will there be an increase to my annual assessment? Payment $4,996 Price/Sq.Ft. 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. 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. If Option B is selected, the redesign will be the Associations responsibility. President - The president of the Board presides at all meetings of the Board of Directors. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. Zillow has 3 homes for sale in 34785 matching Continental Country Club. Continental Country Club mostly features cozy homes that are very reasonably priced. 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. 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. The Class has been very willing to work with the Association to negotiate an equitable solution that would allow for a temporary repair of the Lake as part of a holistic approach to address the Associations broad financial challenges. Chapter 11 Reorganization | FAQ | Communication with Members | Court Motions & Hearings | Media Announcements. Give Us A Call: 1-888-452-6595. Contact ClubCorp for social membership dues questions: 623-742-6200 Download homeowners online payment guide. Is there a Special Assessment Payment Plan? 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. What is the source of funds that are being used to pay for all the signage and banners to support the special assessment? A 1991 class action lawsuit ruling stated the lake must remain full. 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.. 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. On this point, the Legionnaires agree. The funds usually have strict criteria for how they are to be used. Not only did the reserve study show that Continental had some monumental expenses coming up including a $600,000 balloon payment due in 2021 but that to reach a recommended level of roughly $5 million in reserve funds by 2050, Continental would have to start making massive annual contributions to the fund ranging between $310,000 and $1 million a year. The Wyndham Timeshares (125 units) are Full Members of Continental just like all other owners. Jon Held, the president of the associations board of directors, said the filing will not impact day-to-day operations of the country club, including the public golf course and the Oakmont Restaurant, and won't mean any layoffs. Continental County Club has filed for Chapter 11 bankruptcy protection, but daily operations wont change. It has not been a normal winter in Flagstaff. John Held, president of the board of directors for the country club sent out a letter Wednesday announcing the boards decision and the reasons why. 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. The association has said that any lake repair would cost millions of dollars. . Meeste parka Helly Hansen Continental XL UUS. 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. If APPROVED and Option A is selected, then the property will be deeded to the Lake Elaine owners. After the October 30th preliminary ruling, the board studied and reviewed all possibilities, along with speaking with several professionals and our attorneys. Get Adobe Acrobat Reader free to view these files. The property cannot be abandoned. What happens if we vote NO (DO NOT APPROVE) or dont meet the quorum requirement after two tries? The . 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. That's not true. We also have aging facilities that require upkeep with an insignificant amount of reserves. Now, the HOA faces bankruptcy if it can't come up with $2.5 million. Subscribe to our Daily Headlines newsletter. 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. I just see that as being poorly managed, Penoff said. 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. 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. The Villages, FL 32162 Directions. 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. The remaining properties consist of Townhomes, Condos and timeshares. 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. Schedule: No open play during the off-season (Nov-Apr). CCC also had a balloon payment due in October, for $600,000. Example turn the golf course into single-family homes. Can a trustee remove the restrictions on the use of the golf course to sell it for maximum value? Raising dues and increasing assessments is an important step to funding the reserves, Cohen's statement said. There are condominiums, big and small, that you can purchase in the $180,000 - $300,000 price range. They are down to earth, fun-loving people that enjoy spending time together laughing over great food and refreshing drinks. 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. Situated below Mount Elden in Flagstaff, AZ, the 18-hole championship golf course at Continental Country Club was designed by Bob E. Baldock. Continental has known about its financial challenges for years, even decades, but neglected to plan for or properly address them. We do support the vote for the additional funds for the homeowners association.. We have compensated by charging usage fees and not giving golf discounts to those who do not pay the full amount. The trustee is appointed to liquidate and pay, not operate. 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.. This filing allows Continental and its homeowners the chance for a fresh start so we can best address several issues, Held said. Email notifications are only sent once a day, and only if there are new matching items. This anomaly resulted in 1994. 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. Reserve your next round of golf with our quick and convenient online booking engine. Continental Country Club. What is the process required to divest the HOA of Lake Elaine? Buying a new home in the Continental area? Dues increases and/or special assessment would have been necessary even if a professional management company was involved. The first payment would be due the same day as the due date for the special assessment. The Continental Country Club constructed Lake Elaine back in the 1970s. A filing for Bankruptcy can take many forms, including a Chapter 11 Reorganization. Why are there currently some members paying different assessment rates? Now, it has turned to owners for funding. To him, the results of this 2020 study were disturbing.. 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. HOA Fee Includes These homeowners - the "Class" - believe that the Association has options to address its financial challenges. By 2026, the annual dues increase will be $291. An HOA faces bankruptcy because of its man-made lake. continental country club hoa fees. HOA Legal Name: CONTINENTAL COUNTRY CLUB, INC. Reserve funds are used for large projects such as replacements or repairs within the homeowners association. 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. Quite honestly, I can't imagine a professional management company letting this happen. 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. But Bliss also took issue with the HOAs suggestion that the issue over Lake Elaine was the primary cause of the bankruptcy. When were the clubhouse and clubhouse pool built? 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. 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. 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! Voting to approve these additional funds ends July 28. The reorganization plan imposes an increase to our annual assessment that will be phased in over three years beginning in 2024. 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 special assessment can be paid over two years with eight (8) quarterly payments of $261 (which includes 5% interest). Professional management associations still report to a board of directors which makes final decisions. 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. So, we either pay the known $2.5 million now, or pay more later up to the $15 million? Joining the Continental Country Club HOA is the easiest way to protect your propertys value! However, a Chapter 7 panel trustee would be appointed and all decisions regarding the operations of the HOA will be made by the Trustee. 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. The owners of these properties are also obligated to pay annual assessments to CCC based on their respective CC&Rs. Email notifications are only sent once a day, and only if there are new matching items. If we pay the $2.5M now, were done forever, other than ongoing maintenance of the small ponds, according to Judge Ballinger. Our main desire is for members and guests, alike, to have a memorable golfing experience. That fee would drop to $500 if the HOA begins refilling the lake, and continue until it is full. Continental Country Club HOA is a community located in Flagstaff, AZ (Coconino County). 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. Why are there currently some members paying different assessment rates? If the Assessment and dues increase fails, and the HOA converts to Chapter 7, will the Lake Elaine lawsuit continue? Staffed with talented and devoted professionals, Continental Country Club is among the area's best-rated public courses. application fee details: $55 app fee online at our website bishoprealtygrp. 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. Tract D (Lake Elaine) is currently owned by the Association. The hoa policies can change with time for Continental Country Club so if you see an error please contact us so we can fix it. 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. Continental Golf Course Is CLOSED for the Season! Why didnt the Board give us a warning that this was going to happen? HOA Documents Articles of Incorporation CC&Rs Bylaws Membership Policies You have permission to edit this article. Without an additional court order, the Trustee steps into the Debtors shoes and inherits any and all land restrictions, encumbrances, etc. The costs are too much of a burden for members on a fixed income? At Continental, you are more than a member; you are part of the family. Mo. I dont golf. 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. Print Subscribe Was this page helpful? What happens if 2 YES (APPROVE) for Special Assessment and Annual Dues Increase? The Continental Country Club course is filled with par 3s and par 5s, offers beautiful mountain views and a friendly, neighborhood environment. 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. 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. There are constant ongoing repairs and improvements required for these assets that must be addressed. 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. 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. Flagstaff, Feb. 12, 2021 - Continental Country Club is a great place to live and provides many amenities for the broader community. The Course is open to homeowners and timeshare owners residing within subdivisions of Continental Country Club's Homeowners Association. Round Table Discussions will be held on every, We will also be having Town Hall Meetings for everyone who is interested in attending. A Flagstaff man is behind bars, charged with aggravated DUI and kidnapping. 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. Are you looking for a great 55+ retirement community? The restrictions contained in a declaration are covenants that run with the land and cannot be terminated by the owner. Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. The Class also estimates this temporary solution could be completed quickly in months, not years. Register for our eClub to receive regular offers and updates from Continental CC! We are located on St Rte 44 just 2.5 miles east of Brownwood Not necessarily. Becoming a member at Continental Country Club is an investment in yourself, your family and your future. 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. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. There was a problem saving your notification. Membership in Continental is a result of home ownership. 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 Some of that is the result of limitations on the Associations revenues and on its ability to raise dues or impose special assessments. . 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. There are approximately 1,360 single-family homes (in addition to 1,030 townhouses, condos, and timeshares) within the Continental Country Club Homeowners Association. 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. The Continental CC course can host up to 144 golfers at a time with a shot gun start. If I havent yet paid my annual dues, will they still have to be paid? The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. The Board approved a two-tier membership now known as Associate and Full Membership to account for the difference in assessment levels. 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. The community is gated, includes 24/7 security and even allows pets. 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. How will this affect the value of my home? 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. The criteria is based on the HOA community rules and regulations, bylaws and accountability. Are our property assessments used for this? 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/. Flagstaff, AZ 86004, Call Continental Country Club at (928) 526-5125, on our EZLinks tee times page in a new tab. . It bolstered the property values of homes located on the waterfront and was a gorgeous sight to see. 2380 N. Oakmont Drive, Flagstaff, AZ 86004 (928) 526-5125 www.continentalflagstaff.com . Held said the repairs the lake needs would cost more than a million dollars in addition to the water needed to fill the lake and that the HOA simply has not had the funds to complete such repairs. Why did the Board decide to take this step now? . What date did this filing for Chapter 11 Reorganization take effect? The filing for Chapter 11 reorganization stays those fines. 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. Based on the HOAs rules, those fees can only be raised by a two-thirds vote by all members. What are we voting on, what is the timeline/details? 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 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. Wildwood, FL 34785. 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. Trees are falling in Flagstaff and have been compromised as a result of recent winter storms. 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.
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