We also have aging facilities that require upkeep with an insignificant amount of reserves. The money for the signs was donated. Continental owns and maintains the Walnut Canyon Lakes, and the Associations own experts have testified that Lake Elaine can be repaired. 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! Below you can find information for the homeowners association including HOA fee includes, community features and amenities. 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. Give Us A Call: 1-888-452-6595. 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. 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. 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. 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. *Country Club Homeowners: This amount is for quarterly dues only and is separate from mandatory social membership dues. There was a problem saving your notification. Reorganization comes after decades of the Association kicking the can down the road. But for Continental to do any of this, theyll need money, and they dont deny that they need money for more than just Lake Elaine. 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.. 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.. The Board approved a two-tier membership now known as Associate and Full Membership to account for the difference in assessment levels. The Social Membership is ideal for those living in the area that desire a place to enjoy the company of family and friends and meet other members of their community. Posted about 2 hours ago $2,950 / 3br - 1145ft2 - Beautifully remodeled 3bed,2bath in Green Mountain home!1 WEEK FREE* (461 S. $3,875 / 1br - 682ft 2 - One bedroom home with vaulted ceiling and balcony . Contrary to the Associations statements, a partial repair would cost nowhere near the millions of dollars suggested by the Association. HOA Fee Includes 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. 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! https://continentalflagstaff.com/what-if-our-members-dont-approve/. 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. If we pay the $2.5M now, were done forever, other than ongoing maintenance of the small ponds, according to Judge Ballinger. Example turn the golf course into single-family homes. Flagstaff City Championship Flyer Get up-to-the-minute news sent straight to your device. A future owner of your home may find golf or the other amenities appealing. If we convert to Chapter 7, the HOA cannot be sued by Lake Elaine property owners or any other entity. 2380 N Oakmont Dr The remaining properties consist of Townhomes, Condos and timeshares. 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. If I havent yet paid my annual dues, will they still have to be paid? Great Circle Media serves Flagstaff, Prescott, Sedona, and the surrounding areas with Northern Arizonas Best Radio Stations! And it's free! And its free! The January newsletter provided to homeowners did reference that bankruptcy was an option that was being considered. A Chapter 11 Reorganization allows us to create a plan of reorganization (a new business plan) and show the court how CCC plans to effectuate the plan. Sign up for our newsletter to keep reading. 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. However, the CC&Rs needed to be combined with the assessments at the amounts approved by each individual subdivision at that time. Reach him at sgolightly@azdailysun.com, on Twitter at @sean_golightly, or on Instagram at @golightly_writes. Contact ClubCorp for social membership dues questions: 623-742-6200 Download homeowners online payment guide. 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. If the Assessment and dues increase fails, and the HOA converts to Chapter 7, will the Lake Elaine lawsuit continue? Voting to approve these additional funds ends July 28. They don't want to claim for damages. Pennsylvania (/ p n s l v e n i / (); Pennsylvania German: Pennsilfaani), officially the Commonwealth of Pennsylvania, is a state spanning the Mid-Atlantic, Northeastern, Appalachian, and Great Lakes regions of the United States.It borders Delaware to its southeast, Maryland to its south, West Virginia to its southwest, Ohio to its west, Lake Erie and the Canadian province of . In 2006 Continental Country Club succeeded in unifying (11) different sets of CC&Rs for individual single-family subdivisions. By the end of the year, they expected they could get that number to $125,000. 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. The benefits are endless and your experiences will last a lifetime. The Kroger Co. Then, you've come to the right place. Flagstaff, Feb. 12, 2021 - Continental Country Club is a great place to live and provides many amenities for the broader community. That's not true. Subscribe to our Daily Headlines newsletter. Unfortunately, this was the only possible conclusion, and once decided, needed to be acted upon quickly. Based on the HOAs rules, those fees can only be raised by a two-thirds vote by all members. The question is why. Who owns the property Lake Elaine is on and who is responsible for its redevelopment and construction? The Continental Country Club constructed Lake Elaine back in the 1970s. Flyer Link. 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 special assessment can be paid over two years with eight (8) quarterly payments of $261 (which includes 5% interest). Continental Country Club home prices vary from luxury homes to more affordable homes that might be perfect for first-time buyers. The question is why. A filing for Bankruptcy can take many forms, including a Chapter 11 Reorganization. https://continentalflagstaff.com/fee-schedule-to-support-the-reorganization-plan/. Becoming a member at Continental Country Club is an investment in yourself, your family and your future. Zillow has 3 homes for sale in 34785 matching Continental Country Club. 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. Situated below Mount Elden in Flagstaff, AZ, the 18-hole championship golf course at Continental Country Club was designed by Bob E. Baldock. 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. 2011 Sunwest loan with Oct. 2021 balloon payment due, Deferred and anticipated club amenity maintenance, Decades-long Lake Elaine lawsuit with potential daily fines of up to $700 per day and restoration of a full lake. At the beginning of the Chapter 11 process, we explained that values may be negatively affected. This anomaly resulted in 1994. But, in the 1990s, disaster struck. Cracked limestone makes up the karst geologic formation beneath a worn-out section of concrete and plastic liner on the edge of Lake Elaine in the Continental Country Club in this 2016 photo. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. Log in, Continental Country Club HOA in Flagstaff, AZ, Forest Highlands Golf Club HOA in Flagstaff, AZ, Railroad Springs Townhomes HOA in Flagstaff, AZ. Now, the HOA faces bankruptcy if it can't come up with $2.5 million. Buying a new home in the Continental area? HOA Documents Articles of Incorporation CC&Rs Bylaws Membership Policies It is not true that the Lakeside Homeowners want to bankrupt [Continental], the Legionnaire statement says. 219 4. Can we just abandon the property? 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. 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. After the October 30th preliminary ruling, the board studied and reviewed all possibilities, along with speaking with several professionals and our attorneys. The Trustee is charged with maximizing distributions to creditors. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. Instead it has chosen to walk away from its obligations through bankruptcy reorganization, creating a stigma impacting more than 2,500 Association members. These homeowners - the "Class" - believe that the Association has options to address its financial challenges. application fee details: $55 app fee online at our website bishoprealtygrp. . The Associations responsibility to maintain Lake Elaine has been well established for decades based on a 1990 court-ordered Judgment that the Coconino County Superior Court upheld in October of 2020 following nearly four years of litigation, including multiple attempts at mediation and a weeklong hearing. When will we know about the timing and amount of any assessments that will be needed? It is not clear how the bankruptcy might impact the Lake Elaine issue, but Bliss said it could lead to a situation where the HOA is able to eliminate the lake but pay the surrounding homeowners for the reduced value of their homes. to fines, and Continental Country Club HOA reserves the right to require restoration of the property to its prior condition. 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. The required work would require Engineers, Contractors, and time. If you are looking for our main website, click here. The lake level has been falling because water is seeping out despite previous attempts to seal the lake bottom. Flagstaff, AZ 86004, Call Continental Country Club at (928) 526-5125, on our EZLinks tee times page in a new tab. CCC also had a balloon payment due in October, for $600,000. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! Please subscribe to keep reading. This included an offer to complete a partial top-down repair to buy more time. 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. 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. Held says the bankruptcy wont close the golf course or force any layoffs and daily operations will go on as normal. The Continental Country Club in Flagstaff is bankrupt. Helly Hansen Active Winter sulejope UUS! There are many unknowns associated with a conversion to Chapter 7. Can a trustee remove the restrictions on the use of the golf course to sell it for maximum value? 27470 Jefferson Ave. Pizza making Mamma mia, we love this one! Meeste parka Helly Hansen Continental XL UUS. There are many types of townhomes available from $300,000 - $500,000. Raising dues and increasing assessments is an important step to funding the reserves, Cohen's statement said. That's not what any of our folks want. 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. These homeowners are known as Associate members. Yes, there is nothing inherent in Chapter 7 that dissolves the HOA. Homeowners have a duty to pay their annual dues and this holds true even while in a Chapter 11 reorganization. The trustee is appointed to liquidate and pay, not operate. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. 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.. How does the Chapter 11 filing affect me as a Continental Country Club Member? No true repairs have been made to the Lake since 1994. 150 Saab tingida. One that was, you know, competent., Financial mismanagement reaches further back than the 2020 study, said resident John Nilsson. 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 The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. Held says the work would take time and millions of dollars. We do support the vote for the additional funds for the homeowners association.. 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. Chapter 11 Reorganization | FAQ | Communication with Members | Court Motions & Hearings | Media Announcements. 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. At the time, it was an asset to the HOA. We are located on St Rte 44 just 2.5 miles east of Brownwood, CLICK IMAGE TO REGISTER FOR IMPORTANT EMAILS WITH IMPORTANT INFORMATION, KINDLE AND ANDROID USERS: CLICK HERE TO DOWNLOAD OUR APP, Resident, Dan Kane compiled an informative list of links to the areaclick below:CCC HELPFUL LINKS, 50 Continental Blvd., Highway 44 East, Wildwood, Florida 34785. The availability of these amenities, whether used or not, makes CCC a desirable neighborhood and increases property values. 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. Please subscribe to keep reading. The failure to plan by the association, the failure to reserve funds, have really put the association in a tough spot.. 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. Joining the Continental Country Club HOA is the easiest way to protect your propertys value! 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. Selling the golf course is not legally a feasible option until we emerge from Chapter 11 bankruptcy. At the time of the study, Continentals reserve balance was $54,291. 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. On this point, the Legionnaires agree. 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. There are condominiums, big and small, that you can purchase in the $180,000 - $300,000 price range. 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. Payment $4,996 Price/Sq.Ft. We have the receipts. 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. 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. If I haven't yet paid my annual dues, will they still have to be paid? 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. Get Adobe Acrobat Reader free to view these files. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). One thing to remember, you will be required to pay additional Home Owner . 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 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%. 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. Were empathetic to those on fixed incomes, and offer payment plans to ease burdens. Tract D (Lake Elaine) is currently owned by the Association. There is a one-time special assessment of $2,000. 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. The Lakeside Homeowners would lose as much as any other owner would if the bankruptcy ended in a liquidation.. What happens if 2 YES (APPROVE) for Special Assessment and Annual Dues Increase? (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). Joining the Continental Country Club HOA is the easiest way to protect your property's value! . . Continental is responsible for those owners access to amenities and common area maintenance. Board Members for Continental Country Club Ro: Title Name Mailing Address Location; Dire . Get up-to-the-minute news sent straight to your device. Sign up for our newsletter to keep reading. Continental has known about its financial challenges for years, even decades, but neglected to plan for or properly address them. Schedule: No open play during the off-season (Nov-Apr). 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. 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!