Continental Country Club Continental Country Club Website Continental Country Club Townhomes and Condos Property listings 1 - 2 of 2 1 Sort by: Open House $320,000 MLS # 192269 1 Bed 1 Bath 745 Sqft Status: Active Condominium 2650 Valley View Drive Unit 226 Flagstaff, AZ 86004 $465,000 MLS # 191389 2 Beds 2 Baths 1,387 Sqft Status: Active Townhome 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? Beyond the potential Lake Elaine obligations, we have a 50-year-old building, and numerous amenities. Continental Country Club HOA is a community located in Flagstaff, AZ (Coconino County). 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. If the plan is approved, Murray says there are two options that can be done with the land. Flagstaff City Championship Flyer Sean Golightly reports on the environment and the city of Flagstaff. But some lakefront residents on the other side of the legal battle have a different perspective. The Continental Country Club constructed Lake Elaine back in the 1970s. Dues increases and/or special assessment would have been necessary even if a professional management company was involved. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). All Single-Family homes governed by the CC&Rs are obligated to pay an annual lot assessment. If the Assessment and dues increase fails, and the HOA converts to Chapter 7, will the Lake Elaine lawsuit continue? But Bliss also took issue with the HOAs suggestion that the issue over Lake Elaine was the primary cause of the bankruptcy. What happens if 2 YES (APPROVE) for Special Assessment and Annual Dues Increase? We do not currently expect the LFOs to elect Option A. The Continental Country Club constructed Lake Elaine back in the 1970s. Sign up for our newsletter to keep reading. 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. At Continental, you are more than a member; you are part of the family. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! If we convert to Chapter 7, the HOA cannot be sued by Lake Elaine property owners or any other entity. One thing to remember, you will be required to pay additional Home Owner . The Wyndham Timeshares (125 units) are Full Members of Continental just like all other owners. Get up-to-the-minute news sent straight to your device. The special assessment can be paid over two years with eight (8) quarterly payments of $261 (which includes 5% interest). I just see that as being poorly managed, Penoff said. Is there a way that the CC&Rs can be amended to give the townhome and condos the same voting rights as the single-family homeowners? We also have aging facilities that require upkeep with an insignificant amount of reserves. From AU$247 per night on Tripadvisor: Starlight Lodge at Rockport Harbor, Rockport. That's not what any of our folks want. The funds usually have strict criteria for how they are to be used. Subscribe to our Daily Headlines newsletter. Yes, there is nothing inherent in Chapter 7 that dissolves the HOA. The reorganization plan imposes a one-time special assessment of $2,000. To him, the results of this 2020 study were disturbing.. Meeste parka Helly Hansen Continental XL UUS. Selling the golf course is not legally a feasible option until we emerge from Chapter 11 bankruptcy. 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. The Associations responsibility to maintain Lake Elaine has been well established for decades based on a 1990 court-ordered Judgment that the Coconino County Superior Court upheld in October of 2020 following nearly four years of litigation, including multiple attempts at mediation and a weeklong hearing. The association has said that any lake repair would cost millions of dollars. 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. 3. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). Flyer Link. 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. Its those reasons why the Club went into Chapter 11 bankruptcy in February of 2021. *Country Club Homeowners: This amount is for quarterly dues only and is separate from mandatory social membership dues. 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. Instead it has chosen to walk away from its obligations through bankruptcy reorganization, creating a stigma impacting more than 2,500 Association members. Now, the association is asking homeowners to vote to approve two items a one-time fee and an increase in annual dues. Print Subscribe Was this page helpful? It bolstered the property values of homes located on the waterfront and was a gorgeous sight to see. Will all country club members be allowed on the new redeveloped lake? Under the option, it would deed the Lake Elaine footprint to the lakefront owners and provide them $2.5 million raised from the proposed $2,000 payments so that the Legionnaires can implement a smaller lake or any other solution the Lakefront Group determines is appropriate with the resources available, and thereafter, maintain such improvements as they deem fit with no further contribution from [Continental] or its broader membership., Based on their statement, the reason Continental wants to sever their responsibility for maintaining Lake Elaine has to do with their skepticism that a long-term, sustainable lake is possible. And its free! 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. Back then, the increase had to be approved in each single-family subdivision. 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. We will keep our facilities open and our employees will be working to ensure business as usual. 2380 N Oakmont Dr 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. On this point, the Legionnaires agree. We view this as an action being led by forces out of our control and hope it can be an opportunity to strengthen our Associations financial position for years to come. 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. 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. Do all members of the HOA get to vote for the new HOA Dues and Special Assessment? Each year, members may elect a new board or move to a professional management association. Continental County Club has filed for Chapter 11 bankruptcy protection, but daily operations wont change. application fee details: $55 app fee online at our website bishoprealtygrp. The failure to plan by the association, the failure to reserve funds, have really put the association in a tough spot.. Joining the Continental Country Club HOA is the easiest way to protect your property's value! Situated below Mount Elden in Flagstaff, AZ, the 18-hole championship golf course at Continental Country Club was designed by Bob E. Baldock. Our clubhouse is over 50 years old and the other amenities require maintenance and repair. For every four gallons of water that is pumped into the lake each day, three gallons are lost to seepage into the ground. Based on the HOAs rules, those fees can only be raised by a two-thirds vote by all members. Bliss said the HOA also has lots of deferred maintenance fees, while also having some of the lowest member fees in the state. The following is a statement from Lakeside Homeowners At Continental: Continental Country Clubs Financial Challenges Result From Failure to Plan and Confront Obligations. 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. 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. We do support the vote for the additional funds for the homeowners association.. CCC also had a balloon payment due in October, for $600,000. Are the fines associated with the October 2020 preliminary ruling being assessed currently? Tract D (Lake Elaine) is currently owned by the Association. The question is why. 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. A future owner of your home may find golf or the other amenities appealing. Are you looking for a great restaurant? In their amended disclosure statement, the Legionnaires claim the trouble with Lake Elaine is not that its impossible to maintain, but that the Association [Continental] has simply failed to perform any real repair or maintenance of the Lake for nearly 30 years. They say their perspective was upheld in 2020 by the courts, noting that [Continental] argued then, and argues now, that it does not have enough money to fund Lake Elaine repair, but that did not persuade the Coconino Superior Court, which concluded that the Association knew it had a responsibility to maintain the lake but failed to do so. Continental has known about its financial challenges for years, even decades, but neglected to plan for or properly address them. continental country club hoa fees. Chapter 11 Reorganization | FAQ | Communication with Members | Court Motions & Hearings | Media Announcements. Unfortunately, this was the only possible conclusion, and once decided, needed to be acted upon quickly. 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. When will we know about the timing and amount of any assessments that will be needed? 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! The Class also estimates this temporary solution could be completed quickly in months, not years. Four Star Homes has Properties in Adult, Family, and Senior Communities throughout Central Florida. The criteria is based on the HOA community rules and regulations, bylaws and accountability. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. The original clubhouse was built in 1960. Continental Country Club Resorts, Wildwood Real Estate & Homes for Sale 13 Homes Sort by Relevant Listings Brokered by Four Star Home Brokers, Inc. For Sale $180,000 2 bed 2 bath 1,056 sqft 6,711. 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! Some of that is the result of limitations on the Associations revenues and on its ability to raise dues or impose special assessments. I dont golf. Continental Country Clubs HOA files for Chapter 11 bankruptcy. Our members are what makes the social membership so special. Staffed with talented and devoted professionals, Continental Country Club is among the area's best-rated public courses. No true repairs have been made to the Lake since 1994. 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. It is not true that the Lakeside Homeowners want to bankrupt [Continental], the Legionnaire statement says. Get up-to-the-minute news sent straight to your device. Continental owns and maintains the Walnut Canyon Lakes, and the Associations own experts have testified that Lake Elaine can be repaired. When were the clubhouse and clubhouse pool built? Why dont we just sell the golf course to eliminate the large expense of deferred and ongoing maintenance? This included an offer to complete a partial top-down repair to buy more time. 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. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. 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. These homeowners are known as Associate members. Get Adobe Acrobat Reader free to view these files. 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. Why didnt the Board give us a warning that this was going to happen? 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. President - The president of the Board presides at all meetings of the Board of Directors. Yes, on November 16, 2021 the board unanimously passed a one-time resolution allowing townhome/condominium members a vote on the two fees that are required to support the reorganization plan. What is the difference between Chapter 11 Reorganization and Bankruptcy? Other factors include a $600-thousand balloon payment coming due on a loan that was taken out in 2011 to complete installation of a new irrigation system on the course, and additional costs far exceeded the revenue generated by HOA fees. Deeper into Lake Elaine: Residents contend lake is not to blame for country clubs bankruptcy. 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. Email notifications are only sent once a day, and only if there are new matching items. 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. The issues we are dealing with today began 30 years ago and the current board wasnt a part of. The Villages, FL 32162 Directions. Continental Country Club mostly features cozy homes that are very reasonably priced. There was a problem saving your notification. 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. Here are the top City of Flagstaff stories from 2022. This includes CC&Rs enforcement on the property, common area maintenance, amenities access and social activities. There are a lot of different options when it comes to housing in Continental Country Club. Continental Country Club - 78 Spaces is an apartment community located in San Diego County and the 91911 ZIP Code. Give Us A Call: 1-888-452-6595. Reorganization comes after decades of the Association kicking the can down the road. There has been much misinformation about the history of Lake Elaine and the ability to maintain lakes in this area. We are located on St Rte 44 just 2.5 miles east of Brownwood, CLICK IMAGE TO REGISTER FOR IMPORTANT EMAILS WITH IMPORTANT INFORMATION, KINDLE AND ANDROID USERS: CLICK HERE TO DOWNLOAD OUR APP, Resident, Dan Kane compiled an informative list of links to the areaclick below:CCC HELPFUL LINKS, 50 Continental Blvd., Highway 44 East, Wildwood, Florida 34785. Continental received $1500 in donations for marketing materials for the campaign. 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%. How do timeshares fit into the funding picture? The filing for Chapter 11 reorganization stays those fines. Raising dues and increasing assessments is an important step to funding the reserves, Cohen's statement said.