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. Fee: Continental Country Club HOA or Social Membership fee required. They want the lake fixed, Bliss said. Why didnt the Board give us a warning that this was going to happen? This area is served by the Sweetwater Union High attendance zone. Without an additional court order, the Trustee steps into the Debtors shoes and inherits any and all land restrictions, encumbrances, etc. 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. This would include 4-5 ponds, walking trails, benches, limited parking and would be open to, With either option, and assuming successful confirmation of our reorganization plan by the bankruptcy court, we have no ongoing legal obligation to continue any litigation from lakefront homeowners. Continental Country Club mostly features cozy homes that are very reasonably priced. The lake level has been falling because water is seeping out despite previous attempts to seal the lake bottom. Jon Held, the president of the associations board of directors, said the filing will not impact day-to-day operations of the country club, including the public golf course and the Oakmont Restaurant, and won't mean any layoffs. Based on the HOAs rules, those fees can only be raised by a two-thirds vote by all members. The Social Membership is ideal for those living in the area that desire a place to enjoy the company of family and friends and meet other members of their community. This filing allows Continental and its homeowners the chance for a fresh start so we can best address several issues, Held said. Flagstaff City Championship Flyer So, we either pay the known $2.5 million now, or pay more later up to the $15 million? 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. An HOA faces bankruptcy because of its man-made lake. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! Print Subscribe Was this page helpful? They stick to the claim that maintaining the lake in the manner outlined in 1990 is no longer physically possible, economically feasible or ecologically sound., While the court concluded that it was possible to maintain the lake, and that Continental had a responsibility to do so, the engineering reports that informed the decision paint a more complex picture. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. To hear Peter and Daves interview with Continental Country Club General Manager Talia Murray, click here: Great Circle Media serves Flagstaff, Prescott, Sedona, and the surrounding areas with Northern Arizonas Best Radio Stations! However, a Chapter 7 panel trustee would be appointed and all decisions regarding the operations of the HOA will be made by the Trustee. to fines, and Continental Country Club HOA reserves the right to require restoration of the property to its prior condition. Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. They don't want to claim for damages. Continental Country Club HOA in Chula Vista, CA Arizona HOA Faces Bankruptcy Over Man-Made Lake We don't yet know what the ultimate effect of that bankruptcy will be on the finding of contempt or on the long-term future at the lake. For the good of our residents and those who enjoy our facilities, it was time to take action.. Three People Were Killed In A Multi-Vehicle Accident On I-40 Near Williams Tuesday, Flagstaffs Mayor Paul Deasy Declares A State Of Emergency For The City Due To Post-Pipeline Fire Flooding, Grand Falls Closed To Visitors Until Further Notice, Over 30-Inches Of Snow Fell Near Downtown Flagstaff And Kachina Village From The Latest Storm, Arizona State Forestry Allocates $27-Million To Flagstaff And Coconino County, Flagstaff Beats Pueblo To Win The 4A Girls State Basketball Title, School Closings And Delays, Along With Other Weather-Related Matters For Thursday In Northern Arizona, NAU, FUSD Closed As A Major Winter Storm Leaves Feet Of Snow Behind, Missing Man, Who Was Last Believed To Be In Williams, Has Been Found Safe, ADOT Holding A Public, In-Person Meeting In Flagstaff Next Wednesday, Winter Storm Warning Extended To 11 A.M. Thursday For Flagstaff And Surrounding Areas, Copyright 2023 Great Circle Media | All Rights Reserved | Privacy Policy. Meeste parka Helly Hansen Continental XL UUS. Continental Country Club. In short, Continentals answer was that the prohibitive cost of maintenance and legal battles over their failure to maintain the leaky man-made Lake Elaine was insurmountable. . 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. The Board approved a two-tier membership now known as Associate and Full Membership to account for the difference in assessment levels. Continental Country Club in Wildwood, Florida, USA | GolfPass Reorganization comes after decades of the Association kicking the can down the road. Continental Country Club Homeowners Association, Flagstaff AZ - HOA The Wyndham Timeshares (125 units) are Full Members of Continental just like all other owners. What happens if 2 YES (APPROVE) for Special Assessment and Annual Dues Increase? In a recent newsletter to Continental residents, General Manager Tahlia Murray confirmed that if unable to emerge from Chapter 11 Bankruptcy and forced to file Chapter 7 Bankruptcy, the Lake Elaine lawsuit would cease, as the HOA cannot be sued by Lake Elaine property owners or any other entity under Chapter 7. It was approved in some subdivisions, but not in others, as some subdivisions expressed strong discontent with increasing the assessment because they did not see value in the use of amenities. Our clubhouse is over 50 years old and the other amenities require maintenance and repair. Not currently but we hope that our members will approve the two fees required to support the reorganization plan that will provide our HOA with a healthier and stronger future. We are located on St Rte 44 just 2.5 miles east of Brownwood Why are there currently some members paying different assessment rates? 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. Welcome to Anthem Community Council The obligation to pay dues at least at their current level runs with the land. 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. No true repairs have been made to the Lake since 1994. At Continental, you are more than a member; you are part of the family. 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/. Get up-to-the-minute news sent straight to your device. Continental Country Club - 34785 Real Estate - 3 Homes For Sale - Zillow 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. The special assessment will go into effect immediately and the annual dues increase, phased over three years, is estimated to begin in 2024. https://continentalflagstaff.com/planning-for-a-special-assessment-of-2000/, As the CC&Rs are currently written, townhome and condos have the right to vote on special assessments and on annual assessment increases of over 20%. 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. 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. Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. You can cancel at any time. However, the CC&Rs needed to be combined with the assessments at the amounts approved by each individual subdivision at that time. Can I see a Reserve Study Summary of expenditures broken out by amenity? The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. View Properties for Sale at Continental Country Club located in (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). The Trustee is charged with maximizing distributions to creditors. 4530 Red Fox Ln, Flagstaff, AZ 86004 | MLS# 192424 | Redfin Chapter 11 Filing FAQ - Continental Country Club 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. HOA Documents Articles of Incorporation CC&Rs Bylaws Membership Policies The Continental CC course can host up to 144 golfers at a time with a shot gun start. Cont Country Club HOA Flagstaff, AZ - HOA Community 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. ", 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. Continental Country Club's HOA files for Chapter 11 bankruptcy (AZ) There are condominiums, big and small, that you can purchase in the $180,000 - $300,000 price range. Even more, we do all the work of the Deed Restriction for you!
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