Without an additional court order, the Trustee steps into the Debtors shoes and inherits any and all land restrictions, encumbrances, etc. https://continentalflagstaff.com/motion-to-reject-1990-agreement-granted/. These homeowners the Class believe that the Association has options to address its financial challenges. The fee had been set to begin at the start of February, but due to the bankruptcy, it has been put on hold. Please subscribe to keep reading. The benefits are endless and your experiences will last a lifetime. Continental received $1500 in donations for marketing materials for the campaign. 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. Four Star Homes has Properties in Adult, Family, and Senior Communities throughout Central Florida. Each year, members may elect a new board or move to a professional management association. 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! Quick Facts Getting Around Continental Country Club Continental Country Club Learn more about this neighborhood. Homeowners have a duty to pay their annual dues and this holds true even while in a Chapter 11 reorganization. There are many unknowns associated with a conversion to Chapter 7. Print Subscribe Was this page helpful? 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. Flyer Link. Our clubhouse is over 50 years old and the other amenities require maintenance and repair. By 2026, the annual dues increase will be $189. 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.
If I havent yet paid my annual dues, will they still have to be paid? 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.. Are the fines associated with the October 2020 preliminary ruling being assessed currently? Trees are falling in Flagstaff and have been compromised as a result of recent winter storms. We face possible conversion to Chapter 7 Bankruptcy and liquidation of all our assets reduced or possible loss of club amenities such as tennis, pickleball, pool, golf and clubhouse.
Continental Country Club HOA in Chula Vista, CA Not necessarily. The restrictions contained in a declaration are covenants that run with the land and cannot be terminated by the owner. Held says the bankruptcy wont close the golf course or force any layoffs and daily operations will go on as normal. 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 hoa fees ", The issue is further complicated by the fact that Continental and the Legionnaires cant seem to agree on how much it would cost to repair and maintain even a small lake option. Continental County Club has filed for Chapter 11 bankruptcy protection, but daily operations wont change. The lake level has been falling because water is seeping out despite previous attempts to seal the lake bottom. 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. Reorganization comes after decades of the Association kicking the can down the road. Flagstaff, Feb. 12, 2021 - Continental Country Club is a great place to live and provides many amenities for the broader community. Round Table Discussions will be held on every, We will also be having Town Hall Meetings for everyone who is interested in attending. A filing for Bankruptcy can take many forms, including a Chapter 11 Reorganization. What date did this filing for Chapter 11 Reorganization take effect? 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. The Continental Country Club course is filled with par 3s and par 5s, offers beautiful mountain views and a friendly, neighborhood environment. Instead it has chosen to walk away from its obligations through bankruptcy reorganization, creating a stigma impacting more than 2,500 Association members. When will we know about the timing and amount of any assessments that will be needed?
Continental Country Club HOA Chula Vista, CA Based on the HOAs rules, those fees can only be raised by a two-thirds vote by all members. 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. Main: (928) 526-5125Oakmont: (928) 526-7990Golf Shop: (928) 527-7997Bear Paw: (928) 522-1588, 2023 CONTINENTAL COUNTRY CLUB ALL RIGHTS RESERVED. Ensure continued use of our club amenities and environment. 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. In a Chapter 7 does the HOA remain in place?
Continental Country Club's HOA files for Chapter 11 bankruptcy Professional management associations still report to a board of directors which makes final decisions. 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 Board President of the Homeowners Association of Continental Country Club in Flagstaff, . Wildwood, FL 34785. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. At the time of the study, Continentals reserve balance was $54,291. And it's free! This filing allows Continental and its homeowners the chance for a fresh start so we can best address several issues, Held said.
Arizona HOA Faces Bankruptcy Over Man-Made Lake 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. Its those reasons why the Club went into Chapter 11 bankruptcy in February of 2021. 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. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. The Continental Country Club constructed Lake Elaine back in the 1970s. Mo. The Continental CC course can host up to 144 golfers at a time with a shot gun start. 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. Will all country club members be allowed on the new redeveloped lake? HOA Legal Name: CONTINENTAL COUNTRY CLUB R.O., INC. The Trustee is charged with maximizing distributions to creditors.
Homes - Continental Country Club FL 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.
Continental Country Club Ro, Wildwood, FL - HOA Board, Property Mgr Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. There were several additions made in the 1970s. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. 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%. Is it possible to leave the HOA so we're not part of it? 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. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! The plan gives the LFOs the option of taking ownership and responsibility for the property going forward and relieving CCC of all future liabilities in exchange for a onetime payment by CCC to the homeowners of $2.5 million. That fee would drop to $500 if the HOA begins refilling the lake and continue until it is full. Joining the Continental Country Club HOA is the easiest way to protect your propertys value! 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. If the home is not associated with the Homeowners Association youre invited to deed restrict the property with CCC and become part of the Club! Reach him at sgolightly@azdailysun.com, on Twitter at @sean_golightly, or on Instagram at @golightly_writes. Meeste parka Helly Hansen Continental XL UUS. The remaining properties consist of Townhomes, Condos and timeshares. In some cases, these problems predate the current board by years, if not decades. 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. 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. 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/. For every four gallons of water that is pumped into the lake each day, three gallons are lost to seepage into the ground. 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! By 2026, the annual dues increase will be $291. After the October 30th preliminary ruling, the board studied and reviewed all possibilities, along with speaking with several professionals and our attorneys. The Lakeside Homeowners would lose as much as any other owner would if the bankruptcy ended in a liquidation.. Now, the association is asking homeowners to vote to approve two items a one-time fee and an increase in annual dues. 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. Were empathetic to those on fixed incomes, and offer payment plans to ease burdens. 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 | Continental Country Club Mobile Homes . I dont golf. CCC also had a balloon payment due in October, for $600,000. At the time, it was an asset to the HOA.
Wyndham also contributes 50% of the cost of running the Fitness Center and pays for all Capital Improvements at Bear Paw + 60% of the operational day-to-day costs. 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. But Bliss also took issue with the HOAs suggestion that the issue over Lake Elaine was the primary cause of the bankruptcy. What about the special assessment or other fees? 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! 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. There was a problem saving your notification. If Option B is selected, the redesign will be the Associations responsibility. Once that happens, and at the approval of the homeowners, selling the golf course is something that can be discussed. Zillow has 3 homes for sale in 34785 matching Continental Country Club. 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. Register for our eClub to receive regular offers and updates from Continental CC! Will there be a special assessment to help cover some of the debts? Continental Country Club mostly features cozy homes that are very reasonably priced. 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. . 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. The Lake Elaine lawsuit was based on a 1990 Amended Judgement and Settlement that was rejected by the bankruptcy court earlier this year. https://continentalflagstaff.com/fee-schedule-to-support-the-reorganization-plan/. 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. 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. This anomaly resulted in 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. Lease Details & Fees Details Property Information 78 units/1 story Location 445 Orange Ave , Chula Vista , CA 91911 Get Directions This Property Available Property 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. 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. Dues increases and/or special assessment would have been necessary even if a professional management company was involved. That would be within the discretion of the trustee. The following is a statement from Lakeside Homeowners At Continental: Continental Country Clubs Financial Challenges Result From Failure to Plan and Confront Obligations. Continental Country Club Continental Country Club Website Continental Country Club Townhomes and Condos Property listings 1 - 2 of 2 1 Sort by: Open House $320,000 MLS # 192269 1 Bed 1 Bath 745 Sqft Status: Active Condominium 2650 Valley View Drive Unit 226 Flagstaff, AZ 86004 $465,000 MLS # 191389 2 Beds 2 Baths 1,387 Sqft Status: Active Townhome Please notify the Association in writing prior to the special assessment due date if interested in the payment plan, The timing for implementing the reorganization plan depends on the association receiving the funds when they are due, thus the 5% interest charge. A future owner of your home may find golf or the other amenities appealing. 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 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 you are looking for our main website, click here. Please subscribe to keep reading. 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. Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. 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. This one-acre park, opened in 2013, includes a playground with a swing set and a picnic table. Continental Country Club HOA is a community located in Chula Vista, CA (San Diego County).
HOA of Continental CC Files for Chapter 11 Protection - Club Court testimony confirmed what the Class already knew: The Lake holds water and can be fixed. In the mean time the proshop will still be open Tuesday- Saturday 9am-4pm. 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. The trustee is appointed to liquidate and pay, not operate. They don't want to claim for damages. The failure to plan by the association, the failure to reserve funds, have really put the association in a tough spot.. The filing for Chapter 11 reorganization stays those fines. Learn More on our tournaments page. 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. Reserve your next round of golf with our quick and convenient online booking engine. Our main desire is for members and guests, alike, to have a memorable golfing experience. 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. 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. 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. 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. 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 question is why. 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. 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. When were the clubhouse and clubhouse pool built? There was a problem saving your notification. This option would release the Association from, Option #2 would be to spend that $2.5 million and create the new amenity. 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The Board approved a two-tier membership now known as Associate and Full Membership to account for the difference in assessment levels.
Continental Country Club - 34785 Real Estate - 3 Homes For Sale - Zillow View Properties for Sale at Continental Country Club located in A Big Vote Is Underway At Continental Country Club Are you looking for a great restaurant? The community is gated, includes 24/7 security and even allows pets.
We also have aging facilities that require upkeep with an insignificant amount of reserves. At Continental, you are more than a member; you are part of the family. You have permission to edit this article. Situated below Mount Elden in Flagstaff, AZ, the 18-hole championship golf course at Continental Country Club was designed by Bob E. Baldock. Joining the Continental Country Club HOA is the easiest way to protect your property's value!
Continental Country Club in Wildwood, Florida, USA | GolfPass 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. $273 Buyer's Agent Commission 2.5% Street View Directions Ask Redfin Agent Cody a Question Cody Bauer Flagstaff Redfin Agent