Reserve your next round of golf with our quick and convenient online booking engine. Contrary to the Associations statements, a partial repair would cost nowhere near the millions of dollars suggested by the Association. 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. There are many types of townhomes available from $300,000 - $500,000. I just see that as being poorly managed, Penoff said. Continental Country Club has 2,395 owners. 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. For the good of our residents and those who enjoy our facilities, it was time to take action.. At the time, it was an asset to the HOA. Quite honestly, I can't imagine a professional management company letting this happen. 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. Fee: Continental Country Club HOA or Social Membership fee required. Yes, there is nothing inherent in Chapter 7 that dissolves the HOA. When will we know about the timing and amount of any assessments that will be needed? The CC&Rs govern 1,210 single family homes. The Continental Country Club in Flagstaff is bankrupt. This discount allows members & guests to enjoy the lowest rates offered on our rack card. Two yeses mean $2.5M goes to either Option 1 or 2 as determined by creditors. Get Adobe Acrobat Reader free to view these files. The lake level has been falling because water is seeping out despite previous attempts to seal the lake bottom. Tract D (Lake Elaine) is currently owned by the Association. When were the clubhouse and clubhouse pool built? (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). At the beginning of the Chapter 11 process, we explained that values may be negatively affected. Reach him at sgolightly@azdailysun.com, on Twitter at @sean_golightly, or on Instagram at @golightly_writes. 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. We do support the vote for the additional funds for the homeowners association.. If you are looking for our main website, click here. The work and fines until the lake was filled amounted to a lot of money that our Association does not have. 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! continental country club hoa fees. The Board approved a two-tier membership now known as Associate and Full Membership to account for the difference in assessment levels. The costs are too much of a burden for members on a fixed income? This included signage, team captain materials and t-shirts. There are condominiums, big and small, that you can purchase in the $180,000 - $300,000 price range. 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. So long as CCC owns the property, at a minimum, it will remain liable for public safety/nuisance issues and dam maintenance obligations with the State of Arizona. https://continentalflagstaff.com/motion-to-reject-1990-agreement-granted/. The Lake Elaine lawsuit was based on a 1990 Amended Judgement and Settlement that was rejected by the bankruptcy court earlier this year. Continental owns and maintains the Walnut Canyon Lakes, and the Associations own experts have testified that Lake Elaine can be repaired. Now, the HOA faces bankruptcy if it can't come up with $2.5 million. For the most part, most of our Members should not be affected by this petition. Why dont we just sell the golf course to eliminate the large expense of deferred and ongoing maintenance? The remaining properties consist of Townhomes, Condos and timeshares. Multi-Unit Information Community Amenities: Clubhouse, Golf, Pool/Spa, Tennis Court Parking Information Garage Type: Garage Door Opener Garage Type: Garage Capacity: 7.00 Homeowners Association Information HOA Fees: 550.00 HOA Frequency: Yearly HOA Name: Continental Country Club HOA Contact #: 928.526.5125 These membership tiers are subdivision specific. We do not currently expect the LFOs to elect Option A. As stated at the 2/12/21 meeting, the Board is taking ALL homeowners concerns regarding voting equality seriously and plans to include the townhomes and condos in all future votes, if legally possible. In an email, the board president of the Continental Country Club HOA said the organization is facing several financial challenges, including the issue over Lake Elaine. The availability of these amenities, whether used or not, makes CCC a desirable neighborhood and increases property values. We have compensated by charging usage fees and not giving golf discounts to those who do not pay the full amount. The reorganization plan imposes an increase to our annual assessment that will be phased in over three years beginning in 2024. Come see us today! A July 14 article for the Arizona Daily Sun explored the issue through testimony from management of the country. Continental Country Club - 78 Spaces is an apartment community located in San Diego County and the 91911 ZIP Code. What is the difference between Chapter 11 Reorganization and Bankruptcy? Sign up for our newsletter to keep reading. 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. 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. Based on the HOAs rules, those fees can only be raised by a two-thirds vote by all members. These homeowners the Class believe that the Association has options to address its financial challenges. Quick Facts Getting Around Continental Country Club Continental Country Club Learn more about this neighborhood. 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. There are no positives., Dissatisfied as the Legionnaires might be about the current state of Lake Elaine and Continentals proposed solutions, A successful vote is actually in everyones best interest, said Legionnaire and lakefront resident Tim Harrington in an email to the Arizona Daily Sun. But Bliss also took issue with the HOAs suggestion that the issue over Lake Elaine was the primary cause of the bankruptcy. A member may cease paying in protest, but the trustee will ultimately have the same rights CCC currently has to enforce and compel payment ultimately filing a lien on the property and foreclosing. Register for our eClub to receive regular offers and updates from Continental CC! 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. 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. 2380 N. Oakmont Drive, Flagstaff, AZ 86004 (928) 526-5125 www.continentalflagstaff.com . If APPROVED and Option A is selected, then the property will be deeded to the Lake Elaine owners. Flagstaff, AZ 86004, Call Continental Country Club at (928) 526-5125, on our EZLinks tee times page in a new tab. Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. They want the lake fixed, Bliss said. Deeper into Lake Elaine: Residents contend lake is not to blame for country clubs bankruptcy. The obligation to pay dues at least at their current level runs with the land. In the mean time the proshop will still be open Tuesday- Saturday 9am-4pm. Voting to approve these additional funds ends July 28. Continental Country Club Who are the members of CCC? 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. A draft reserve study has been received and is under review that shows that millions of dollars are needed over the next 10 years and through 2050. Buying a new home in the Continental area? The funds usually have strict criteria for how they are to be used. Four Star Homes has Properties in Adult, Family, and Senior Communities throughout Central Florida. Flyer Link. 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. By 2026, the annual dues increase will be $189. 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. The January newsletter provided to homeowners did reference that bankruptcy was an option that was being considered. The Lakeside Homeowners would lose as much as any other owner would if the bankruptcy ended in a liquidation.. An HOA faces bankruptcy because of its man-made lake. Full members will pay $550 annually, Associate members will pay $365 annually, Likely negative impact on property values, $15 Million Lake Elaine dispute unresolved, unknown outcome of the Lake land. 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. Sign up for our newsletter to keep reading. Our main desire is for members and guests, alike, to have a memorable golfing experience. Continental County Club has filed for Chapter 11 bankruptcy protection, but daily operations wont change. Each year, members may elect a new board or move to a professional management association. Dues increases and/or special assessment would have been necessary even if a professional management company was involved. 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. They might dispute the proper way to move forward with Lake Elaine, but they appear to agree that voting to approve the special assessment is necessary to help Continental emerge from bankruptcy. Why are there currently some members paying different assessment rates? That's not true. The required work would require Engineers, Contractors, and time. If the Assessment and dues increase fails, and the HOA converts to Chapter 7, will the Lake Elaine lawsuit continue? But, in the 1990s, disaster struck. Are the fines associated with the October 2020 preliminary ruling being assessed currently? For more information contact Continental Country Club Guest Services at . 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. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. (link to message). 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. If I haven't yet paid my annual dues, will they still have to be paid? The money for the signs was donated. And its free! It has not been a normal winter in Flagstaff. 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. This one-acre park, opened in 2013, includes a playground with a swing set and a picnic table. If Option B is selected, the redesign will be the Associations responsibility. Beyond the potential Lake Elaine obligations, we have a 50-year-old building, and numerous amenities. Please subscribe to keep reading. There has been much misinformation about the history of Lake Elaine and the ability to maintain lakes in this area. But the residents involved in the class action suit believe repairing the lake isn't nearly that expensive.