The question is why. 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. Continental Country Club. 2380 N. Oakmont Drive, Flagstaff, AZ 86004 (928) 526-5125 www.continentalflagstaff.com . Will there be an increase to my annual assessment? The Continental CC course can host up to 144 golfers at a time with a shot gun start. Reorganization comes after decades of the Association kicking the can down the road. One that was, you know, competent., Financial mismanagement reaches further back than the 2020 study, said resident John Nilsson. 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. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. The Ferraro Groups contract and the previous Cindy May Marketing contract are for the same amount. The Court also imposed on CCC a $700/day fine until water began flowing into the lake at which point the fine would be reduced to $500/day until the lake was filled. To him, the results of this 2020 study were disturbing.. 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. Schedule: No open play during the off-season (Nov-Apr). The criteria is based on the HOA community rules and regulations, bylaws and accountability. He said the HOA has several other significant expenses and issues that have prevented it from properly facing those issues. The question is why. 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. We also have aging facilities that require upkeep with an insignificant amount of reserves. 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. Is it possible to leave the HOA so we're not part of it? HOA Faces Bankruptcy Over Man-Made Lake | HOAM News - Hoa Management .com How do timeshares fit into the funding picture? A filing for Bankruptcy can take many forms, including a Chapter 11 Reorganization. These homeowners - the "Class" - believe that the Association has options to address its financial challenges. Continental Country Club HOA in Chula Vista, CA Is there a Special Assessment Payment Plan? Continental Country Club Resorts, Wildwood, FL Real Estate & Homes for All owners of lots subject to the declaration are required to be members of Continental Country Club, Inc., per the recorded declaration. Get Adobe Acrobat Reader free to view these files. He is a big sweetheart but a little too rough for my Pygmy Goats. This included an offer to complete a partial top-down repair to buy more time. Are our property assessments used for this? CONTINENTAL COUNTRY CLUB RO, WILDWOOD FL HOA Board, Property Mgr We do not currently expect the LFOs to elect Option A. 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. 27470 Jefferson Ave. Pizza making Mamma mia, we love this one! Ensure continued use of our club amenities and environment. 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.. They pay the full membership dues and receive the same benefits. Continental Country Club filed a Chapter 11 Petition for Bankruptcy Protection on Tuesday, February 9th, 2021 in the U.S. Bankruptcy Court in the District of Arizona. When were the clubhouse and clubhouse pool built? 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 court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. This option would release the Association from, Option #2 would be to spend that $2.5 million and create the new amenity. . Contrary to the Associations statements, a partial repair would cost nowhere near the millions of dollars suggested by the Association. Get up-to-the-minute news sent straight to your device. The CC&Rs govern 1,210 single family homes. You can cancel at any time. 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. HOA Legal Name: CONTINENTAL COUNTRY CLUB, INC. Reserve funds are used for large projects such as replacements or repairs within the homeowners association. lbdoe.bluebeard.best {{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, Flagstaff schools planning to make up instructional time after this winter's snow days, Investigation underway after body found near Sunset Crater National Monument, 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, continentalflagstaff.com/the-voting-process-on-the-two-fees/, City of Flagstaff Year in Review: Housing, transportation key considerations as city develops, 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, Greece train crash: Public anger grows as death toll rises. Here are the top City of Flagstaff stories from 2022. 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. 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 . Is it possible to leave the HOA so we're not part of it? 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. 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. 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 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.. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! 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. Why am I paying for amenities I dont use? Bronson Creek feeds into a wetland on the east side of the park; a paved trail provides access to the wetland. On this point, the Legionnaires agree. That's not true. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. The work and fines until the lake was filled amounted to a lot of money that our Association does not have. HOA Fee Includes The Continental Country Club in Flagstaff is bankrupt. Buying and Living in Continental Country Club - Best Flagstaff Homes The required work would require Engineers, Contractors, and time. 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. It has not been a normal winter in Flagstaff. Selling the golf course is not legally a feasible option until we emerge from Chapter 11 bankruptcy. Continental Country Club's HOA files for Chapter 11 bankruptcy The owners of these properties are also obligated to pay annual assessments to CCC based on their respective CC&Rs. Subscribe to our Daily Headlines newsletter. If it is to be divested, it must be accepted by a third party. 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. 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 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. The Continental Country Club constructed Lake Elaine back in the 1970s. How do timeshares fit into the funding picture? If we pay the $2.5M now, were done forever, other than ongoing maintenance of the small ponds, according to Judge Ballinger. Situated below Mount Elden in Flagstaff, AZ, the 18-hole championship golf course at Continental Country Club was designed by Bob E. Baldock. The fee had been set to begin at the start of February, . Continental Country Club is a neighborhood in Wildwood, Florida. Subscribe to our Daily Headlines newsletter. After the October 30th preliminary ruling, the board studied and reviewed all possibilities, along with speaking with several professionals and our attorneys. The first payment would be due the same day as the due date for the special assessment. The Coconino County Superior Court agreed, and for this reason found the Association in contempt of the 1990 Judgment, imposing daily sanctions to encourage compliance. https://continentalflagstaff.com/motion-to-reject-1990-agreement-granted/. When were the clubhouse and clubhouse pool built? Trees are falling in Flagstaff and have been compromised as a result of recent winter storms.

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