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Continental Country Club Resorts, Wildwood, FL Real Estate & Homes for We have compensated by charging usage fees and not giving golf discounts to those who do not pay the full amount. The Lake Elaine lawsuit was based on a 1990 Amended Judgement and Settlement that was rejected by the bankruptcy court earlier this year. The Trustee is charged with maximizing distributions to creditors. It is difficult to predict how the trustee will act, but generally speaking trustees wind up operations quickly after appointment and liquidate assets as fast as possible. Flagstaff, AZ 86004, Call Continental Country Club at (928) 526-5125, on our EZLinks tee times page in a new tab. Trees are falling in Flagstaff and have been compromised as a result of recent winter storms. The first payment would be due the same day as the due date for the special assessment. 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. No true repairs have been made to the Lake since 1994. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. 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! Membership in Continental is a result of home ownership. 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. Main: (928) 526-5125Oakmont: (928) 526-7990Golf Shop: (928) 527-7997Bear Paw: (928) 522-1588, 2023 CONTINENTAL COUNTRY CLUB ALL RIGHTS RESERVED. 150 Saab tingida. A Flagstaff man is behind bars, charged with aggravated DUI and kidnapping. Then starting in 2024, full members would owe an additional $97 for 2024, 2025 and 2026. Why am I paying for amenities I dont use? Call the Pro Shop at 352-748-3293 to reserve your tee time Welcome to Continental Country Club Are you looking for a great golf course? Our clubhouse is over 50 years old and the other amenities require maintenance and repair. The amount of a one-time special assessment and annual dues increases has been discussed earlier in this section as well as in several Things to Know messages. ", 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 Country Club Who are the members of CCC? Homes - Continental Country Club FL This discount allows members & guests to enjoy the lowest rates offered on our rack card. 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. What date did this filing for Chapter 11 Reorganization take effect? Will there be a special assessment to help cover some of the debts? Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. You have permission to edit this article. Log in, Continental Country Club HOA Chula Vista, CA, Alicante at San Miguel Ranch HOA Chula Vista, CA. It has asked residents to vote to approve a $2,000 special assessment payment and a 20% increase in annual dues to help the country club emerge from bankruptcy and turn Lake Elaine into something less costly. 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! 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. It bolstered the property values of homes located on the waterfront and was a gorgeous sight to see. HOA Legal Name: CONTINENTAL COUNTRY CLUB, INC. Reserve funds are used for large projects such as replacements or repairs within the homeowners association. In short, Continentals answer was that the prohibitive cost of maintenance and legal battles over their failure to maintain the leaky man-made Lake Elaine was insurmountable. 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. Sean Golightly reports on the environment and the city of Flagstaff. But some lakefront residents on the other side of the legal battle have a different perspective. The remaining properties consist of Townhomes, Condos and timeshares. The Wyndham Timeshares (125 units) are Full Members of Continental just like all other owners. Membership - Continental Country Club 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. Public Pickleball Courts in and around Flagstaff The question is why. But the residents involved in the class action suit believe repairing the lake isn't nearly that expensive. Continental Country Club | Continental Country Club Mobile Homes 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. 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. Even more, we do all the work of the Deed Restriction for you! At the time, it was an asset to the HOA. 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 . But Bliss also took issue with the HOAs suggestion that the issue over Lake Elaine was the primary cause of the bankruptcy. 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. That would be within the discretion of the trustee. Its those reasons why the Club went into Chapter 11 bankruptcy in February of 2021. Homeowners have a duty to pay their annual dues and this holds true even while in a Chapter 11 reorganization. Panda Express is expanding to east Flagstaff. Fee: Continental Country Club HOA or Social Membership fee required. They want the lake fixed, Bliss said. 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. All owners of lots subject to the declaration are required to be members of Continental Country Club, Inc., per the recorded declaration. At Continental, you are more than a member; you are part of the family. Continental Country Club's HOA files for Chapter 11 bankruptcy Adrian Skabelund Feb 17, 2021 Updated Mar 24, 2021 0 Cracked limestone makes up the karst geologic formation beneath a worn-out. These homeowners are known as Associate members. Our members are what makes the social membership so special. 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. The Ferraro Groups contract and the previous Cindy May Marketing contract are for the same amount. 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 Continental Country Club course is filled with par 3s and par 5s, offers beautiful mountain views and a friendly, neighborhood environment. If Option B is selected, the redesign will be the Associations responsibility. Then, you've come to the right place. 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. Learn More on our tournaments page. Voting to approve these additional funds ends July 28. Are the fines associated with the October 2020 preliminary ruling being assessed currently? View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. In their disclosure statement, Continental says they are informed and believe that the Lakefront Group has separately evaluated [the small lake option] and has concluded that the costs of implementing [this option] are significantly less than [Continentals] $3 million estimate, but discussions between the parties to date have not been able to reconcile these differences., In either case, to the Legionnaires, being handed the deed to the lake is not an attractive option, and it asks the lakefront owners to take on the problem that [Continental] created. What they want is for Continental to take responsibility for the lake repair and also pay some money toward the Lakeside Homeowners attorneys fees which are damages that the Lakeside Homeowners have suffered as a result of [Continentals] rejection of the 1990 Settlement Judgment.. 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 there be an increase to my annual assessment? HOA Documents Articles of Incorporation CC&Rs Bylaws Membership Policies 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. Continental Country Club HOA is a community located in Flagstaff, AZ (Coconino County). From AU$247 per night on Tripadvisor: Starlight Lodge at Rockport Harbor, Rockport. How does the Chapter 11 filing affect me as a Continental Country Club Member? If the plan is approved, Murray says there are two options that can be done with the land. He is a big sweetheart but a little too rough for my Pygmy Goats. Continental Country Club - Flagstaff Golf Homes - Our Complete and review fee to: Continental Country Club Architectural Control Committee 2380 N. Oakmont Dr. Flagstaff, AZ 86004 Front Rear Sides Lakeside Acres I 25 25 1) 25 Lakeside Acres II & III 20 20 10 Raising dues and increasing assessments is an important step to funding the reserves, Cohen's statement said. I dont golf. 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. Tract D (Lake Elaine) is currently owned by the Association. Lease Details & Fees Details Property Information 78 units/1 story Location 445 Orange Ave , Chula Vista , CA 91911 Get Directions This Property Available 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. 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. Why did the Board decide to take this step now? Staffed with talented and devoted professionals, Continental Country Club is among the area's best-rated public courses. In a Chapter 7 does the HOA remain in place? Continental Country Club Homes for Sale - Best Flagstaff Homes 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. Flagstaff, Feb. 12, 2021 Continental Country Club is a great place to live and provides many amenities for the broader community. 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. At the time of the study, Continentals reserve balance was $54,291. This included an offer to complete a partial top-down repair to buy more time. 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%. Continental owns and maintains the Walnut Canyon Lakes, and the Associations own experts have testified that Lake Elaine can be repaired. 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's HOA files for Chapter 11 bankruptcy (AZ) Arizona HOA Faces Bankruptcy Over Man-Made Lake View Properties for Sale at Continental Country Club located in Wildwood, FL. Continental Country Club Files For Chapter 11 Bankruptcy, Will Stay The money for the signs was donated. Thank you to everyone who came out and play, we are looking forward to some exciting changes in-store for next year. There are condominiums, big and small, that you can purchase in the $180,000 - $300,000 price range. Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. Pennsylvania - Wikipedia There has been much misinformation about the history of Lake Elaine and the ability to maintain lakes in this area. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. For HOA info, property manager and board member contact, HOA fees, maintenance requests, estoppel, complaints, HOA rules & regulations, documents, amenities, real estate purchase/sales, wind mitigation requests, and architectural/landscape committee. 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. However, the CC&Rs needed to be combined with the assessments at the amounts approved by each individual subdivision at that time. Here are the top City of Flagstaff stories from 2022. 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. Continental Country Club HOA in Chula Vista, CA The question is why. Starting in 2024, associate members would owe an additional $63 for 2024, 2025, and 2026. Sign up for our newsletter to keep reading. Back then, the increase had to be approved in each single-family subdivision. There are approximately 1,360 single-family homes (in addition to 1,030 townhouses, condos, and timeshares) within the Continental Country Club Homeowners Association. And it's free! The fee had been set to begin at the start of February, . Are you looking for a great restaurant? The costs are too much of a burden for members on a fixed income? This includes CC&Rs enforcement on the property, common area maintenance, amenities access and social activities. Welcome to Anthem Community Council 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. Why dont we just sell the golf course to eliminate the large expense of deferred and ongoing maintenance? Log in, Continental Country Club HOA in Flagstaff, AZ, Forest Highlands Golf Club HOA in Flagstaff, AZ, Railroad Springs Townhomes HOA in Flagstaff, AZ. 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. Continental Country Club - 78 Spaces - Apartments.com This included signage, team captain materials and t-shirts. The Continental CC course can host up to 144 golfers at a time with a shot gun start. 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. The reorganization plan imposes an increase to our annual assessment that will be phased in over three years beginning in 2024. Is there a Special Assessment Payment Plan? We certainly are going to be involved in the bankruptcy proceeding and continue to assert our class action rights to have the lake maintained and repaired.. In 2006 Continental Country Club succeeded in unifying (11) different sets of CC&Rs for individual single-family subdivisions. Other factors include a $600-thousand balloon payment coming due on a loan that was taken out in 2011 to complete installation of a new irrigation system on the course, and additional costs far exceeded the revenue generated by HOA fees. Example turn the golf course into single-family homes. Even more, we do all the work of the Deed Restriction for you! By the end of the year, they expected they could get that number to $125,000. Can we just abandon the property? Continental Country Club home prices vary from luxury homes to more affordable homes that might be perfect for first-time buyers. 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. In 1988, a group of lakeside homeowners filed a class action lawsuit against the HOA that mandated that the HOA should keep the lake full, but so far, no significant repairs to stop seepage have moved forward. A July 14 article for the Arizona Daily Sun explored the issue through testimony from management of the country. 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. This offer was rejected, and the Class finds it unfortunate that the Association refused to further negotiate before moving forward with Chapter 11 in secret with no transparency or consultation of any members. What about the special assessment or other fees? . Professional management associations still report to a board of directors which makes final decisions. The following is a statement from Lakeside Homeowners At Continental: Continental Country Clubs Financial Challenges Result From Failure to Plan and Confront Obligations. The work and fines until the lake was filled amounted to a lot of money that our Association does not have. 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. At the time, it was an asset to the HOA. 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. We do support the vote for the additional funds for the homeowners association.. If the Assessment and dues increase fails, and the HOA converts to Chapter 7, will the Lake Elaine lawsuit continue? The Continental Country Club constructed Lake Elaine back in the 1970s. The Continental Country Club in Flagstaff is bankrupt. Continental Country Club's HOA files for Chapter 11 bankruptcy The reorganization plan imposes a one-time special assessment of $2,000. Continental is responsible for those owners access to amenities and common area maintenance. 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. CONTINENTAL COUNTRY CLUB RO, WILDWOOD FL HOA Board, Property Mgr The court ruled in October the man-made lake must be repaired and the association would be fined $700 a day until work started, then lowered to $500 a day until work was completed. The . And its free! $273 Buyer's Agent Commission 2.5% Street View Directions Ask Redfin Agent Cody a Question Cody Bauer Flagstaff Redfin Agent 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. 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.. If you are looking for our main website, click here. That's not true. Quick Facts Getting Around Continental Country Club Continental Country Club Learn more about this neighborhood. . These homeowners the Class believe that the Association has options to address its financial challenges. 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. 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. 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 Bronson Creek feeds into a wetland on the east side of the park; a paved trail provides access to the wetland. Why are there currently some members paying different assessment rates? A July 14 article for the Arizona Daily Sun explored the issue through testimony from management of the country clubs homeowners association and other residents. 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. 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. An automatic stay is a provision in the bankruptcy law that temporarily prevents creditors, collections agencies, government entities, and individuals from pursuing Continental for amounts owed. 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. If we had hired a professional HOA management team a few years ago, could we have avoided all this? The CC&Rs govern 1,210 single family homes. In their amended disclosure statement, the Legionnaires claim the trouble with Lake Elaine is not that its impossible to maintain, but that the Association [Continental] has simply failed to perform any real repair or maintenance of the Lake for nearly 30 years. They say their perspective was upheld in 2020 by the courts, noting that [Continental] argued then, and argues now, that it does not have enough money to fund Lake Elaine repair, but that did not persuade the Coconino Superior Court, which concluded that the Association knew it had a responsibility to maintain the lake but failed to do so. The Lakeside Homeowners would lose as much as any other owner would if the bankruptcy ended in a liquidation.. 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. 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. 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. Tripadvisor Rockport Maine2 mi$$ - $$$ American Seafood Grill How will this affect the value of my home? That fee would drop to $500 if the HOA begins refilling the lake and continue until it is full. 50 Continental Blvd. A future owner of your home may find golf or the other amenities appealing. 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. 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.