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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. The required work would require Engineers, Contractors, and time. 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. There is no definite date as to when the clubhouse pool was built; however, there is a 1979 photograph showing the pool and the two adjacent tennis courts. Now, the association is asking homeowners to vote to approve two items a one-time fee and an increase in annual dues. Some of that is the result of limitations on the Associations revenues and on its ability to raise dues or impose special assessments. Continental Golf Course Is CLOSED for the Season! Quite honestly, I can't imagine a professional management company letting this happen. In some cases, these problems predate the current board by years, if not decades. No true repairs have been made to the Lake since 1994. By the end of the year, they expected they could get that number to $125,000. When were the clubhouse and clubhouse pool built? 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. 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! HOA Legal Name: CONTINENTAL COUNTRY CLUB, INC. Reserve funds are used for large projects such as replacements or repairs within the homeowners association. 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. There has been much misinformation about the history of Lake Elaine and the ability to maintain lakes in this area. 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. 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. Give Us A Call: 1-888-452-6595. Wildwood, FL 34785. Book Your Tee Time on our EZLinks tee times page in a new tab, In addition to championship golf, we offer tennis courts, a fitness center, a swimming pool and social events! While the pending contempt order and associated fines were the catalyst for this action, there were also underlying considerations including an October 21 obligation to pay a $600,000 balloon payment incurred when funds were borrowed to install a new golf course irrigation system in October 2011. If we pay the $2.5M now, were done forever, other than ongoing maintenance of the small ponds, according to Judge Ballinger. Contact ClubCorp for social membership dues questions: 623-742-6200 Download homeowners online payment guide. 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. The CC&Rs govern 1,210 single family homes. On this point, the Legionnaires agree. The lake level has been falling because water is seeping out despite previous attempts to seal the lake bottom. Selling the golf course is not legally a feasible option until we emerge from Chapter 11 bankruptcy. In 2006 Continental Country Club succeeded in unifying (11) different sets of CC&Rs for individual single-family subdivisions. You have permission to edit this article. 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.. Then, you've come to the right place. And its free! Reorganization comes after decades of the Association kicking the can down the road. Our main desire is for members and guests, alike, to have a memorable golfing experience. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). However, even if we cant use amenities, were still required to pay annual lot assessment fees even when unable to use amenities. Starting in 2024, associate members would owe an additional $63 for 2024, 2025, and 2026. The issues we are dealing with today began 30 years ago and the current board wasnt a part of. Held says the work would take time and millions of dollars. Schedule: No open play during the off-season (Nov-Apr). 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. And it's free! Continental Country Club Flagstaff, AZ 86004 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. 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. 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. The Board President of the Homeowners Association of Continental Country Club in Flagstaff, . The availability of these amenities, whether used or not, makes CCC a desirable neighborhood and increases property values. 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 association has said that any lake repair would cost millions of dollars. There are condominiums, big and small, that you can purchase in the $180,000 - $300,000 price range. 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. 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. But the residents involved in the class action suit believe repairing the lake isn't nearly that expensive. 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 Other areas of compromise included an offer to push out the full Lake Elaine repair as long as 10 years, providing additional running room to plan and capitalize for a proper longer-term repair. Tract D (Lake Elaine) is currently owned by the Association. 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. Fixing the lake to accommodate the mandated water level would require extensive work including repairs to the dam, repairs to the liner between the 6,835 and 6,845 levels or the possible replacement of the entire liner, and sinkhole repairs. If it is to be divested, it must be accepted by a third party. Homeowners have a duty to pay their annual dues and this holds true even while in a Chapter 11 reorganization. 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. At the time, it was an asset to the HOA. 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. Were empathetic to those on fixed incomes, and offer payment plans to ease burdens. What happens if we vote NO (DO NOT APPROVE) or dont meet the quorum requirement after two tries? There are a lot of different options when it comes to housing in Continental Country Club. For more information contact Continental Country Club Guest Services at . 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. 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. 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. What about the special assessment or other fees? Now, the HOA faces bankruptcy if it can't come up with $2.5 million. Back then, the increase had to be approved in each single-family subdivision. Buying a new home in the Continental area? 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. Lease Details & Fees Details Property Information 78 units/1 story Location 445 Orange Ave , Chula Vista , CA 91911 Get Directions This Property Available Property Continental received $1500 in donations for marketing materials for the campaign. First used to store water for the golf course, Lake Elaine is now only aesthetic, but has been leaking water for decades. The Board approved a two-tier membership now known as Associate and Full Membership to account for the difference in assessment levels. 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. 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. application fee details: $55 app fee online at our website bishoprealtygrp. 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. Is there a Special Assessment Payment Plan? Still, Chapter 7 and the liquidation of assets that would follow are by no means in Continentals interests. Beyond the potential Lake Elaine obligations, we have a 50-year-old building, and numerous amenities. This anomaly resulted in 1994. Professional management associations still report to a board of directors which makes final decisions. HOA Documents Articles of Incorporation CC&Rs Bylaws Membership Policies 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. Joining the Continental Country Club HOA is the easiest way to protect your propertys value! 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. Log in, Continental Country Club HOA in Flagstaff, AZ, Forest Highlands Golf Club HOA in Flagstaff, AZ, Railroad Springs Townhomes HOA in Flagstaff, AZ. It bolstered the property values of homes located on the waterfront and was a gorgeous sight to see. An HOA faces bankruptcy because of its man-made lake. How does the Chapter 11 filing affect me as a Continental Country Club Member? All owners of lots subject to the declaration are required to be members of Continental Country Club, Inc., per the recorded declaration. Continental Country Clubs HOA files for Chapter 11 bankruptcy. This included signage, team captain materials and t-shirts. The reorganization plan imposes an increase to our annual assessment that will be phased in over three years beginning in 2024. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. Continental Country Club mostly features cozy homes that are very reasonably priced.

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