Continental Country Club - 78 Spaces - Apartments.com One that was, you know, competent., Financial mismanagement reaches further back than the 2020 study, said resident John Nilsson. Sean Golightly reports on the environment and the city of Flagstaff. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. The funds usually have strict criteria for how they are to be used. Tract D (Lake Elaine) is currently owned by the Association. 150 Saab tingida. If the plan is approved, Murray says there are two options that can be done with the land. A Flagstaff man is behind bars, charged with aggravated DUI and kidnapping. A 1991 class action lawsuit ruling stated the lake must remain full. 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. All Single-Family homes governed by the CC&Rs are obligated to pay an annual lot assessment. Reserve your next round of golf with our quick and convenient online booking engine. Round Table Discussions will be held on every, We will also be having Town Hall Meetings for everyone who is interested in attending. Sign up for our newsletter to keep reading. Why did the Board decide to take this step now? The following is a statement from Lakeside Homeowners At Continental: Continental Country Clubs Financial Challenges Result From Failure to Plan and Confront Obligations. There was a problem saving your notification. This filing allows Continental and its homeowners the chance for a fresh start so we can best address several issues, Held said. 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 Board approved a two-tier membership now known as Associate and Full Membership to account for the difference in assessment levels. Joining the Continental Country Club HOA is the easiest way to protect your propertys value! Continental Country Club HOA in Flagstaff, AZ - HOA Resource 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. Will there be an increase to my annual assessment? 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. 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. The property cannot be abandoned. Continental Country Club home prices vary from luxury homes to more affordable homes that might be perfect for first-time buyers. The reorganization plan imposes a one-time special assessment of $2,000. Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. Bronson Creek feeds into a wetland on the east side of the park; a paved trail provides access to the wetland. Quick Facts Getting Around Continental Country Club Continental Country Club Learn more about this neighborhood. The restrictions contained in a declaration are covenants that run with the land and cannot be terminated by the owner. Voting to approve these additional funds ends July 28. HOA Documents Articles of Incorporation CC&Rs Bylaws Membership Policies 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. The availability of these amenities, whether used or not, makes CCC a desirable neighborhood and increases property values. 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. Dues increases and/or special assessment would have been necessary even if a professional management company was involved. Will all country club members be allowed on the new redeveloped lake? 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. 4927 E Mount Pleasant Dr, Flagstaff, AZ 86004 - Redfin Our main desire is for members and guests, alike, to have a memorable golfing experience. Reorganization comes after decades of the Association kicking the can down the road. 2380 N. Oakmont Drive, Flagstaff, AZ 86004 (928) 526-5125 www.continentalflagstaff.com . The Lakeside Homeowners would lose as much as any other owner would if the bankruptcy ended in a liquidation.. 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. 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. (link to message). What is the process required to divest the HOA of Lake Elaine? 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. 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 In a recent newsletter to Continental residents, General Manager Tahlia Murray confirmed that if unable to emerge from Chapter 11 Bankruptcy and forced to file Chapter 7 Bankruptcy, the Lake Elaine lawsuit would cease, as the HOA cannot be sued by Lake Elaine property owners or any other entity under Chapter 7. The Ferraro Groups contract and the previous Cindy May Marketing contract are for the same amount. The association has said that any lake repair would cost millions of dollars. Continental Country Club HOA is a community located in Chula Vista, CA (San Diego County). Caractersticas Helly Hansen Arctic Patrol H2Flow Parka. Contenido de These homeowners are known as Associate members. This discount allows members & guests to enjoy the lowest rates offered on our rack card. Helly Hansen Active Winter sulejope UUS! Flagstaff, Feb. 12, 2021 Continental Country Club is a great place to live and provides many amenities for the broader community. Are our property assessments used for this? How does the Chapter 11 filing affect me as a Continental Country Club Member? What happens if 2 YES (APPROVE) for Special Assessment and Annual Dues Increase? They pay the full membership dues and receive the same benefits. For the most part, most of our Members should not be affected by this petition. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). Wildwood, FL 34785. Give Us A Call: 1-888-452-6595. There was a problem saving your notification. 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. At the time of the study, Continentals reserve balance was $54,291. Held says the work would take time and millions of dollars. Trees are falling in Flagstaff and have been compromised as a result of recent winter storms. The Board had to consider how it could meet the obligations and fill the lake to a level that, according to experts, has never been sustainable. That fee would drop to $500 if the HOA begins refilling the lake and continue until it is full. 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. 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. CONTINENTAL COUNTRY CLUB RO, WILDWOOD FL HOA Board, Property Mgr He is a big sweetheart but a little too rough for my Pygmy Goats. Can I see a Reserve Study Summary of expenditures broken out by amenity? Continental Country Club Homes for Sale - Best Flagstaff Homes The filing for Chapter 11 reorganization stays those fines. Now, the HOA faces bankruptcy if it can't come up with $2.5 million. We also have aging facilities that require upkeep with an insignificant amount of reserves. They stick to the claim that maintaining the lake in the manner outlined in 1990 is no longer physically possible, economically feasible or ecologically sound., While the court concluded that it was possible to maintain the lake, and that Continental had a responsibility to do so, the engineering reports that informed the decision paint a more complex picture. This includes CC&Rs enforcement on the property, common area maintenance, amenities access and social activities. 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. Yes, there is nothing inherent in Chapter 7 that dissolves the HOA. Buying and Living in Continental Country Club - Best Flagstaff Homes Get Adobe Acrobat Reader free to view these files. 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. 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 the Assessment and dues increase fails, and the HOA converts to Chapter 7, will the Lake Elaine lawsuit continue? PDF Continental Country Club Design Review Form - Cybergolf Flagstaff, AZ Golf | Continental Country Club Staffed with talented and devoted professionals, Continental Country Club is among the area's best-rated public courses. Continental Country Club mostly features cozy homes that are very reasonably priced. The . Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. What are we voting on, what is the timeline/details? 2380 N Oakmont Dr Based on the HOAs rules, those fees can only be raised by a two-thirds vote by all members. After the October 30th preliminary ruling, the board studied and reviewed all possibilities, along with speaking with several professionals and our attorneys. https://continentalflagstaff.com/motion-to-reject-1990-agreement-granted/. No true repairs have been made to the Lake since 1994. 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. Some of that is the result of limitations on the Associations revenues and on its ability to raise dues or impose special assessments. Is there a Special Assessment Payment Plan? A filing for Bankruptcy can take many forms, including a Chapter 11 Reorganization. The community is gated, includes 24/7 security and even allows pets. {{start_at_rate}} {{format_dollars}} {{start_price}} {{format_cents}} {{term}}, {{promotional_format_dollars}}{{promotional_price}}{{promotional_format_cents}} {{term}}, Nebraska cheerleader competes by herself at state competition, but crowd doesn't let her feel alone, One we will all remember: Flagstaff sees second-snowiest winter in recorded history to date, Trees also feeling effects of winter storms in Flagstaff, Driver arrested for DUI, kidnapping after hitting a Flagstaff police patrol vehicle, Flagstaff History: Powwow is a 'go' for summer, Flagstaff Eagles win first girls basketball title in 31 years, The experience for jurors in Coconino County is changing, Letter to the Editor: Local pleads to city to put foot down on short-term rentals, Investigation underway after body found near Sunset Crater National Monument, Flagstaff schools planning to make up instructional time after this winter's snow days, Flagstaff and Summit Fire crews battle Baderville house fire in a blizzard Thursday night, KFC is bringing back a fan favorite after a nearly 10-year hiatus, Former NFL star Chad Johnson says he saved money by living inside Cincinnati Bengals stadium for 2 years, Another winter storm to drop 14-22 inches of snow on Flagstaff, northern Arizona, Global race is on to improve EV range in the cold, Moscow reportedly threatened new parents in Ukraine: Register your newborns as Russian or else, The impact of climate change will be felt worse in these three U.S. cities, Scientists reveal hidden corridor in Great Pyramid of Giza. We will keep our facilities open and our employees will be working to ensure business as usual. There were several additions made in the 1970s. Fee: Continental Country Club HOA or Social Membership fee required. 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. Court reservations required. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. Chapter 11 Filing FAQ - Continental Country Club Continental has known about its financial challenges for years, even decades, but neglected to plan for or properly address them. The Kroger Co. We have compensated by charging usage fees and not giving golf discounts to those who do not pay the full amount. Is there money set aside for the management of the HOA & enforcement of CC&Rs? Why are there currently some members paying different assessment rates? 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. The benefits are endless and your experiences will last a lifetime. For every four gallons of water that is pumped into the lake each day, three gallons are lost to seepage into the ground. Pennsylvania - Wikipedia Bliss said they believe that most of the leaks are in the upper portion of Lake Elaine and targeting repairs toward that section of the lake would go a long way in solving the problem. Continental Country Club - Flagstaff Golf Homes - Our Complete 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. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. 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.. 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. For more information contact Continental Country Club Guest Services at . They want the lake fixed, Bliss said. A Big Vote Is Underway At Continental Country Club And it's free! The truth is that the Association has simply failed to perform any real repair or maintenance of the Lake for 27 years now. Thank you to everyone who came out and play, we are looking forward to some exciting changes in-store for next year. They are down to earth, fun-loving people that enjoy spending time together laughing over great food and refreshing drinks. Home to one of the best-rated public golf courses in Flagstaff, AZ. Homes - Continental Country Club FL 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 Lake Elaine lawsuit was based on a 1990 Amended Judgement and Settlement that was rejected by the bankruptcy court earlier this year. Then starting in 2024, full members would owe an additional $97 for 2024, 2025 and 2026. HOA Legal Name: CONTINENTAL COUNTRY CLUB, INC. Reserve funds are used for large projects such as replacements or repairs within the homeowners association. 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. How do timeshares fit into the funding picture? What is the source of funds that are being used to pay for all the signage and banners to support the special assessment? Continental Country Club is a neighborhood in Wildwood, Florida. Three People Were Killed In A Multi-Vehicle Accident On I-40 Near Williams Tuesday, Flagstaffs Mayor Paul Deasy Declares A State Of Emergency For The City Due To Post-Pipeline Fire Flooding, 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. By 2026, the annual dues increase will be $291. 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. What is the difference between Chapter 11 Reorganization and Bankruptcy? This anomaly resulted in 1994. 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. 219 4. This community dates back to 1975 and has continued to develop over the years.
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