Flagstaff, Feb. 12, 2021 - Continental Country Club is a great place to live and provides many amenities for the broader community. That resulted in two levels. Continental is responsible for those owners access to amenities and common area maintenance. These homeowners are known as Associate members. We do support the vote for the additional funds for the homeowners association.. 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. But the residents involved in the class action suit believe repairing the lake isn't nearly that expensive. These homeowners - the "Class" - believe that the Association has options to address its financial challenges. 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. Trees are falling in Flagstaff and have been compromised as a result of recent winter storms. 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. Voting to approve these additional funds ends July 28. The . This area is served by the Sweetwater Union High attendance zone. 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. (link to message). Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. 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. $273 Buyer's Agent Commission 2.5% Street View Directions Ask Redfin Agent Cody a Question Cody Bauer Flagstaff Redfin Agent The owners of these properties are also obligated to pay annual assessments to CCC based on their respective CC&Rs. They are down to earth, fun-loving people that enjoy spending time together laughing over great food and refreshing drinks. At Continental, you are more than a member; you are part of the family. This included an offer to complete a partial top-down repair to buy more time. If APPROVED and Option A is selected, then the property will be deeded to the Lake Elaine owners. 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. 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. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). 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 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. 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. No true repairs have been made to the Lake since 1994. Reserve your next round of golf with our quick and convenient online booking engine. Homeowners have a duty to pay their annual dues and this holds true even while in a Chapter 11 reorganization. The Continental Country Club in Flagstaff is bankrupt. Email notifications are only sent once a day, and only if there are new matching items. The aforementioned 2019 Terracon report does indicate that there are viable solutions to refill Lake Elaine including short-term use of the existing liner or a more long-term geomembrane liner but does not shy from saying that the porous limestone and geologic conditions in the area are problematic for a lake or reservoir. It goes on to say that it can certainly be argued that this site was a poor choice for a lake or water feature of any significant size., Another 2019 engineering report from Natural Channel Designs reached similar conclusions, saying the geologic and environmental setting of the lake presents significant challenges to its continued existence. When will we know about the timing and amount of any assessments that will be needed? Situated below Mount Elden in Flagstaff, AZ, the 18-hole championship golf course at Continental Country Club was designed by Bob E. Baldock. Continental Country Club has 2,395 owners. 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. By 2026, the annual dues increase will be $291. When were the clubhouse and clubhouse pool built? 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. Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. How do timeshares fit into the funding picture? The truth is that the Association has simply failed to perform any real repair or maintenance of the Lake for 27 years now. 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 . Continental has known about its financial challenges for years, even decades, but neglected to plan for or properly address them. Is there money set aside for the management of the HOA & enforcement of CC&Rs? *Country Club Homeowners: This amount is for quarterly dues only and is separate from mandatory social membership dues. 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. 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. junio 12, 2022. jonah bobo 2005 . Copyright 2023 Continental Country Club FL All Rights Reserved. ", 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. 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. Reorganization comes after decades of the Association kicking the can down the road. Board Members for Continental Country Club Ro: Title Name Mailing Address Location; Dire . The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. We have the receipts. Its those reasons why the Club went into Chapter 11 bankruptcy in February of 2021. Continental Country Club mostly features cozy homes that are very reasonably priced. If we convert to Chapter 7, the HOA cannot be sued by Lake Elaine property owners or any other entity. Continental County Club has filed for Chapter 11 bankruptcy protection, but daily operations wont change. Deeper into Lake Elaine: Residents contend lake is not to blame for country clubs bankruptcy. What happens if 2 YES (APPROVE) for Special Assessment and Annual Dues Increase? Raising dues and increasing assessments is an important step to funding the reserves, Cohen's statement said. In the mean time the proshop will still be open Tuesday- Saturday 9am-4pm. 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. Why are there currently some members paying different assessment rates? HOA Fee Includes 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. 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. These properties have individual property management companies who handles their CC&R enforcement and day-to-day operation. 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. If I havent yet paid my annual dues, will they still have to be paid? 27470 Jefferson Ave. Pizza making Mamma mia, we love this one! That would be within the discretion of the trustee. This option would release the Association from, Option #2 would be to spend that $2.5 million and create the new amenity. 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. Sign up for our newsletter to keep reading. Is it possible to leave the HOA so we're not part of it? Here are the top City of Flagstaff stories from 2022. 219 4. . It bolstered the property values of homes located on the waterfront and was a gorgeous sight to see. 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. Our clubhouse is over 50 years old and the other amenities require maintenance and repair. Will there be an increase to my annual assessment? 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. Held says the bankruptcy wont close the golf course or force any layoffs and daily operations will go on as normal. The fee had been set to begin at the start of February, . The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. 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. 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. 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. If the Assessment and dues increase fails, and the HOA converts to Chapter 7, will the Lake Elaine lawsuit continue? But some lakefront residents on the other side of the legal battle have a different perspective. Even more, we do all the work of the Deed Restriction for you! To him, the results of this 2020 study were disturbing.. Why did the Board decide to take this step now? 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. 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. What about the special assessment or other fees? The first payment would be due the same day as the due date for the special assessment. 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. Based on the HOAs rules, those fees can only be raised by a two-thirds vote by all members. In 2006 Continental Country Club succeeded in unifying (11) different sets of CC&Rs for individual single-family subdivisions. Beyond the potential Lake Elaine obligations, we have a 50-year-old building, and numerous amenities. 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. Continental Country Club is a neighborhood in Wildwood, Florida. We have compensated by charging usage fees and not giving golf discounts to those who do not pay the full amount. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! Are our property assessments used for this? https://continentalflagstaff.com/fee-schedule-to-support-the-reorganization-plan/. This discount allows members & guests to enjoy the lowest rates offered on our rack card. Wildwood, FL 34785. What are we voting on, what is the timeline/details? . The Continental Country Club constructed Lake Elaine back in the 1970s. 3. The required work would require Engineers, Contractors, and time. Lease Details & Fees Details Property Information 78 units/1 story Location 445 Orange Ave , Chula Vista , CA 91911 Get Directions This Property Available Property What date did this filing for Chapter 11 Reorganization take effect? 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/.
Johnson County, Ky Pva Property Search,
Cancer Sun Gemini Moon Celebrities,
How Did Japan Benefit From The Treaty Of Portsmouth?,
Articles C