continental country club hoa fees

Instead it has chosen to walk away from its obligations through bankruptcy reorganization, creating a stigma impacting more than 2,500 Association members. In a Chapter 7 does the trustee manage the HOA? Continental Country Club HOA is a community located in Flagstaff, AZ (Coconino County). We will keep our facilities open and our employees will be working to ensure business as usual. 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. 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. 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. The Board President of the Homeowners Association of Continental Country Club in Flagstaff, . Can a trustee remove the restrictions on the use of the golf course to sell it for maximum value? to fines, and Continental Country Club HOA reserves the right to require restoration of the property to its prior condition. 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. 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. A filing for Bankruptcy can take many forms, including a Chapter 11 Reorganization. Beyond the potential Lake Elaine obligations, we have a 50-year-old building, and numerous amenities. A Flagstaff man is behind bars, charged with aggravated DUI and kidnapping. HOA Faces Bankruptcy Over Man-Made Lake | HOAM News - Hoa Management .com The truth is that the Association has simply failed to perform any real repair or maintenance of the Lake for 27 years now. Flyer Link. The obligation to pay dues at least at their current level runs with the land. We have the receipts. Flagstaff, AZ Golf | Continental Country Club Sean Golightly reports on the environment and the city of Flagstaff. 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 It is disingenuous for any group to shift the blame to the reserve study, and then not vote to fund the maintenance and improvements identified in the study.. Continental Country Club - 78 Spaces is an apartment community located in San Diego County and the 91911 ZIP Code. If Option B is selected, the redesign will be the Associations responsibility. Continental Country Clubs HOA files for Chapter 11 bankruptcy. Are our property assessments used for this? If you are looking for our main website, click here. For the good of our residents and those who enjoy our facilities, it was time to take action.. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. CONTINENTAL COUNTRY CLUB RO, WILDWOOD FL HOA Board, Property Mgr 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.. Continental owns and maintains the Walnut Canyon Lakes, and the Associations own experts have testified that Lake Elaine can be repaired. Continental Country Club mostly features cozy homes that are very reasonably priced. You have permission to edit this article. Great Circle Media serves Flagstaff, Prescott, Sedona, and the surrounding areas with Northern Arizonas Best Radio Stations! 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. Continental Country Club's HOA files for Chapter 11 bankruptcy The Continental Country Club constructed Lake Elaine back in the 1970s. Bronson Creek feeds into a wetland on the east side of the park; a paved trail provides access to the wetland. Trees are falling in Flagstaff and have been compromised as a result of recent winter storms. One thing to remember, you will be required to pay additional Home Owner . 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. 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 What are we voting on, what is the timeline/details? The court ruled in October the man-made lake must be repaired and the association would be fined $700 a day until work started, then lowered to $500 a day until work was completed. Lease Details & Fees Details Property Information 78 units/1 story Location 445 Orange Ave , Chula Vista , CA 91911 Get Directions This Property Available Property Round Table Discussions will be held on every, We will also be having Town Hall Meetings for everyone who is interested in attending. In the mean time the proshop will still be open Tuesday- Saturday 9am-4pm. Register for our eClub to receive regular offers and updates from Continental CC! The money for the signs was donated. So long as CCC owns the property, at a minimum, it will remain liable for public safety/nuisance issues and dam maintenance obligations with the State of Arizona. Contrary to the Associations statements, a partial repair would cost nowhere near the millions of dollars suggested by the Association. The failure to plan by the association, the failure to reserve funds, have really put the association in a tough spot.. A July 14 article for the Arizona Daily Sun explored the issue through testimony from management of the country. HOA Documents Articles of Incorporation CC&Rs Bylaws Membership Policies Becoming a member at Continental Country Club is an investment in yourself, your family and your future. 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. For the most part, most of our Members should not be affected by this petition. He is a big sweetheart but a little too rough for my Pygmy Goats. The remaining properties consist of Townhomes, Condos and timeshares. Back then, the increase had to be approved in each single-family subdivision. Held says the bankruptcy wont close the golf course or force any layoffs and daily operations will go on as normal. 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%. Continental Country Club in Wildwood, Florida, USA | GolfPass This community dates back to 1975 and has continued to develop over the years. CCC also had a balloon payment due in October, for $600,000. The special assessment can be paid over two years with eight (8) quarterly payments of $261 (which includes 5% interest). Still, Chapter 7 and the liquidation of assets that would follow are by no means in Continentals interests. The original clubhouse was built in 1960. An HOA faces bankruptcy because of its man-made lake. Continental is responsible for those owners access to amenities and common area maintenance. Continental Country Club - 34785 Real Estate - 3 Homes For Sale - Zillow Board Members for Continental Country Club Ro: Title Name Mailing Address Location; Dire . These dates are on the listed, 6/28: ballots on the two fees required to support the reorganization plan will be mailed to members, 7/30: Special Meeting of the members to vote and certify the count, 8/4: Initial Confirmation Hearing in the Bankruptcy Court. At the time, it was an asset to the HOA. It bolstered the property values of homes located on the waterfront and was a gorgeous sight to see. One that was, you know, competent., Financial mismanagement reaches further back than the 2020 study, said resident John Nilsson. This includes CC&Rs enforcement on the property, common area maintenance, amenities access and social activities. Sign up for our newsletter to keep reading. 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. Flagstaff, Feb. 12, 2021 - Continental Country Club is a great place to live and provides many amenities for the broader community. 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. You have permission to edit this article. The restrictions contained in a declaration are covenants that run with the land and cannot be terminated by the owner. Continental Country Club's HOA files for Chapter 11 bankruptcy (AZ) 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. Panda Express is expanding to east Flagstaff. 2380 N Oakmont Dr A Big Vote Is Underway At Continental Country Club 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. The trustee is appointed to liquidate and pay, not operate. Continental Country Club Home and Lot Sales, Long-Term & Seasonal Rentals Are Currently Handled By: Click on the Link Below to See the Available Homes For Sale www.FourStarHomes.com Click this Link for Rental Homes. Now, it has turned to owners for funding. View Properties for Sale at Continental Country Club located in Wildwood, FL. 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. Wildwood, FL 34785. The Continental Country Club course is filled with par 3s and par 5s, offers beautiful mountain views and a friendly, neighborhood environment. Joining the Continental Country Club HOA is the easiest way to protect your propertys value! 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. Continental has known about its financial challenges for years, even decades, but neglected to plan for or properly address them. Bliss said the HOA also has lots of deferred maintenance fees, while also having some of the lowest member fees in the state. Continental Country Club Who are the members of CCC? 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. The Board approved a two-tier membership now known as Associate and Full Membership to account for the difference in assessment levels. Public Pickleball Courts in and around Flagstaff In some cases, these problems predate the current board by years, if not decades. We have compensated by charging usage fees and not giving golf discounts to those who do not pay the full amount. What happens if we vote NO (DO NOT APPROVE) or dont meet the quorum requirement after two tries? But the residents involved in the class action suit believe repairing the lake isn't nearly that expensive. The funds usually have strict criteria for how they are to be used. The reorganization plan imposes a one-time special assessment of $2,000. Court testimony confirmed what the Class already knew: The Lake holds water and can be fixed. Continental Country Club has 2,395 owners. The lake level has been falling because water is seeping out despite previous attempts to seal the lake bottom. The Continental Country Club in Flagstaff is bankrupt. In 2020 Continental knew it had some big expenses coming up, and the study was designed to help it figure out how to keep money in the bank. The timing will depend on whether or not our members approve the two fees necessary to support the reorganization plan and the legal processes that will ultimately approve our reorganization plan. 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. It is not true that the Lakeside Homeowners want to bankrupt [Continental], the Legionnaire statement says. Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. Why are there currently some members paying different assessment rates? 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. We do not currently expect the LFOs to elect Option A. 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. The community is gated, includes 24/7 security and even allows pets. Learn More on our tournaments page. There are condominiums, big and small, that you can purchase in the $180,000 - $300,000 price range. Home - Continental Country Club FL Why am I paying for amenities I dont use? Why didnt the Board give us a warning that this was going to happen? {{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, Investigation underway after body found near Sunset Crater National Monument, Flagstaff schools planning to make up instructional time after this winter's snow days, 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, Global race is on to improve EV range in the cold, 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. Please subscribe to keep reading. Schedule: No open play during the off-season (Nov-Apr). That fee would drop to $500 if the HOA begins refilling the lake and continue until it is full. Meeste parka Helly Hansen Continental XL UUS. If we pay the $2.5M now, were done forever, other than ongoing maintenance of the small ponds, according to Judge Ballinger. Our members are what makes the social membership so special. HOA Fee Includes Is there a Special Assessment Payment Plan? HOA of Continental CC Files for Chapter 11 Protection - Club The work and fines until the lake was filled amounted to a lot of money that our Association does not have. 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. He said the HOA has several other significant expenses and issues that have prevented it from properly facing those issues. 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 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.

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