The Continental Country Club constructed Lake Elaine back in the 1970s. 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. Then, you've come to the right place. 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. Log in, Continental Country Club HOA Chula Vista, CA, Alicante at San Miguel Ranch HOA Chula Vista, CA. However, even if we cant use amenities, were still required to pay annual lot assessment fees even when unable to use amenities. 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. What is the process required to divest the HOA of Lake Elaine? Professional management associations still report to a board of directors which makes final decisions. Beyond the potential Lake Elaine obligations, we have a 50-year-old building, and numerous amenities. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. 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. There was a problem saving your notification. Continental Country Club. Are you looking for a great 55+ retirement community? Contact ClubCorp for social membership dues questions: 623-742-6200 Download homeowners online payment guide. Home - Continental Country Club FL This option would release the Association from, Option #2 would be to spend that $2.5 million and create the new amenity. There was a problem saving your notification. Why am I paying for amenities I dont use? 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 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. Contrary to the Associations statements, a partial repair would cost nowhere near the millions of dollars suggested by the Association. Schedule: No open play during the off-season (Nov-Apr). 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. 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/. Why did the Board decide to take this step now? What date did this filing for Chapter 11 Reorganization take effect? Wildwood, FL 34785. A Big Vote Is Underway At Continental Country Club In a Chapter 7 does the trustee manage the HOA? Chapter 11 Filing FAQ - Continental Country Club When were the clubhouse and clubhouse pool built? Our members are what makes the social membership so special. Not only did the reserve study show that Continental had some monumental expenses coming up including a $600,000 balloon payment due in 2021 but that to reach a recommended level of roughly $5 million in reserve funds by 2050, Continental would have to start making massive annual contributions to the fund ranging between $310,000 and $1 million a year. to fines, and Continental Country Club HOA reserves the right to require restoration of the property to its prior condition. Sign up for our newsletter to keep reading. 4530 Red Fox Ln, Flagstaff, AZ 86004 | MLS# 192424 | Redfin The criteria is based on the HOA community rules and regulations, bylaws and accountability. The truth is that the Association has simply failed to perform any real repair or maintenance of the Lake for 27 years now. Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. Starting in 2024, associate members would owe an additional $63 for 2024, 2025, and 2026. 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. They say Lake Elaine can be fixed, and that Continental can afford it but is using bankruptcy to shirk legal obligations established in 1990, suggesting that the Lake Elaine issue is being used to distract from a bigger issue: decades of financial mismanagement. 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! There are constant ongoing repairs and improvements required for these assets that must be addressed. This includes CC&Rs enforcement on the property, common area maintenance, amenities access and social activities. He is a big sweetheart but a little too rough for my Pygmy Goats. Continental Country Club Who are the members of CCC? Joining the Continental Country Club HOA is the easiest way to protect your propertys value! Now, the association is asking homeowners to vote to approve two items a one-time fee and an increase in annual dues. Mountain Home Craigslistidaho choose the site nearest you: boise; east Unfortunately, this was the only possible conclusion, and once decided, needed to be acted upon quickly. Instead it has chosen to walk away from its obligations through bankruptcy reorganization, creating a stigma impacting more than 2,500 Association members. Continental Country Club - 34785 Real Estate - 3 Homes For Sale - Zillow If the plan is approved, Murray says there are two options that can be done with the land. 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. The biggest problem over the years has been Lake Elaine, which has been an issue for nearly 30 years, with costs and fines building over time. After the October 30th preliminary ruling, the board studied and reviewed all possibilities, along with speaking with several professionals and our attorneys. Board Members for Continental Country Club Ro: Title Name Mailing Address Location; Dire . 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. First used to store water for the golf course, Lake Elaine is now only aesthetic, but has been leaking water for decades. $273 Buyer's Agent Commission 2.5% Street View Directions Ask Redfin Agent Cody a Question Cody Bauer Flagstaff Redfin Agent Will there be a special assessment to help cover some of the debts? 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. It has not been a normal winter in Flagstaff. Situated below Mount Elden in Flagstaff, AZ, the 18-hole championship golf course at Continental Country Club was designed by Bob E. Baldock. 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. 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. Staffed with talented and devoted professionals, Continental Country Club is among the area's best-rated public courses. 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? We have the receipts. These membership tiers are subdivision specific. They pay the full membership dues and receive the same benefits. All owners of lots subject to the declaration are required to be members of Continental Country Club, Inc., per the recorded declaration. These homeowners - the "Class" - believe that the Association has options to address its financial challenges. We do support the vote for the additional funds for the homeowners association.. Please subscribe to keep reading. Flyer Link. There are many types of townhomes available from $300,000 - $500,000. Once that happens, and at the approval of the homeowners, selling the golf course is something that can be discussed. 2380 N Oakmont Dr 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. Joining the Continental Country Club HOA is the easiest way to protect your property's value! Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. Why didnt the Board give us a warning that this was going to happen? For the good of our residents and those who enjoy our facilities, it was time to take action.. 4927 E Mount Pleasant Dr, Flagstaff, AZ 86004 - Redfin 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. You can cancel at any time. 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! lbdoe.bluebeard.best The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. 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. Continental Country Club Homes for Sale - Best Flagstaff Homes 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 . A 1991 class action lawsuit ruling stated the lake must remain full. CONTINENTAL COUNTRY CLUB RO, WILDWOOD FL HOA Board, Property Mgr 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. There is a one-time special assessment of $2,000. You know, we think a partial repair could have been done for as little as $600,000, said attorney Jason Bliss with the office of Aspey Watkins and Diesel, who is representing the homeowners. And it's free! 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. 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. Lake Elaine is not the reason for Continental Country Club's bankruptcy, it was only one of the straws to fall after years of what, in my opinion, is gross mismanagement.. The remaining properties consist of Townhomes, Condos and timeshares. Please subscribe to keep reading. Continental Golf Course Is CLOSED for the Season! In some cases, these problems predate the current board by years, if not decades. That's not what any of our folks want. At the time of the study, Continentals reserve balance was $54,291. Not necessarily. Why are there currently some members paying different assessment rates? Tripadvisor Rockport Maine2 mi$$ - $$$ American Seafood Grill Here are the top City of Flagstaff stories from 2022. A big vote is underway at Continental Country Club in East Flagstaff. At the beginning of the Chapter 11 process, we explained that values may be negatively affected. Bronson Creek feeds into a wetland on the east side of the park; a paved trail provides access to the wetland. Continental Country Club Powered by GolfNow.com Book a Tee Time Satellite Layout Tees Track Rounds Scorecard Course Details Year Built 1972 Golf Season Year round Architect Ron Garl (1972) Rentals/Services Carts Yes - included in green fees Clubs Yes Practice/Instruction Driving Range Yes Golf School Academy Yes - "Stephen Wresh Golf Academy" As with any kind of public HOA restructuring, the CCC bankruptcy could create some market uncertainty on the impacted houses, however this kind of impact should be short-lived and was inevitable given CCCs financial condition and potential Lake Elaine liabilities that must be addressed under the courts recent preliminary ruling. As we now know, market conditions have been favorable for most of the real estate market, including our CCC properties. 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. Flagstaff City Championship Flyer The costs are too much of a burden for members on a fixed income? The CC&Rs govern 1,210 single family homes. However, the CC&Rs needed to be combined with the assessments at the amounts approved by each individual subdivision at that time. 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.. Held says the bankruptcy wont close the golf course or force any layoffs and daily operations will go on as normal. The benefits are endless and your experiences will last a lifetime. You have permission to edit this article. Continental Country Club HOA Chula Vista, CA Get Adobe Acrobat Reader free to view these files. If Option B is selected, the redesign will be the Associations responsibility. 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. The failure to plan by the association, the failure to reserve funds, have really put the association in a tough spot.. 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! 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 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. Public Pickleball Courts in and around Flagstaff 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 Clubs HOA files for Chapter 11 bankruptcy. Flagstaff, Feb. 12, 2021 - Continental Country Club is a great place to live and provides many amenities for the broader community. At Continental, you are more than a member; you are part of the family. 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. But Bliss also took issue with the HOAs suggestion that the issue over Lake Elaine was the primary cause of the bankruptcy. PDF Continental Country Club Design Review Form - Cybergolf We do think that if we are unsuccessful in approving the fees necessary to support the reorganization plan, there will likely be a negative effect on property values with the reduced or possible loss of amenities currently enjoyed by HOA members including golf course or driving range, tennis or pickleball courts, swimming pool, clubhouse and Bear Paw Recreation Center. Continental is responsible for those owners access to amenities and common area maintenance. For more information contact Continental Country Club Guest Services at . What is the difference between Chapter 11 Reorganization and Bankruptcy? One thing to remember, you will be required to pay additional Home Owner . Below you can find information for the homeowners association including HOA fee includes, community features and amenities. Then starting in 2024, full members would owe an additional $97 for 2024, 2025 and 2026. Chapter 11 Reorganization | FAQ | Communication with Members | Court Motions & Hearings | Media Announcements. Membership - Continental Country Club Our main desire is for members and guests, alike, to have a memorable golfing experience. 2380 N. Oakmont Drive, Flagstaff, AZ 86004 (928) 526-5125 www.continentalflagstaff.com . 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. Some of that is the result of limitations on the Associations revenues and on its ability to raise dues or impose special assessments. Arizona HOA Faces Bankruptcy Over Man-Made Lake Becoming a member at Continental Country Club is an investment in yourself, your family and your future. Sign up for our newsletter to keep reading. Lease Details & Fees Details Property Information 78 units/1 story Location 445 Orange Ave , Chula Vista , CA 91911 Get Directions This Property Available Property Reach him at sgolightly@azdailysun.com, on Twitter at @sean_golightly, or on Instagram at @golightly_writes. Continental Country Club's HOA files for Chapter 11 bankruptcy Learn More on our tournaments page. 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. 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.