Held says the work would take time and millions of dollars. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. Our clubhouse is over 50 years old and the other amenities require maintenance and repair. Why am I paying for amenities I dont use? That fee would drop to $500 if the HOA begins refilling the lake, and continue until it is full. 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. An HOA faces bankruptcy because of its man-made lake. Starting in 2024, associate members would owe an additional $63 for 2024, 2025, and 2026. Continental Country Club. 2011 Sunwest loan with Oct. 2021 balloon payment due, Deferred and anticipated club amenity maintenance, Decades-long Lake Elaine lawsuit with potential daily fines of up to $700 per day and restoration of a full lake. By 2026, the annual dues increase will be $189. https://continentalflagstaff.com/what-if-our-members-dont-approve/. There are a lot of different options when it comes to housing in Continental Country Club. The filing for Chapter 11 reorganization stays those fines. The Kroger Co. Professional management associations still report to a board of directors which makes final decisions. Court testimony confirmed what the Class already knew: The Lake holds water and can be fixed. Is it possible to leave the HOA so we're not part of it? How does the Chapter 11 filing affect me as a Continental Country Club Member? View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. Number of Units: 973 Offices of the Board of Directors and their Duties The officers of the board of directors are generally president, vice-president, secretary, treasurer and member at large. The question is why. There was a problem saving your notification. This discount allows members & guests to enjoy the lowest rates offered on our rack card. 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 Lakeside Homeowners would lose as much as any other owner would if the bankruptcy ended in a liquidation.. These homeowners - the "Class" - believe that the Association has options to address its financial challenges. Continental has known about its financial challenges for years, even decades, but neglected to plan for or properly address them. The plan gives the LFOs the option of taking ownership and responsibility for the property going forward and relieving CCC of all future liabilities in exchange for a onetime payment by CCC to the homeowners of $2.5 million. Once that happens, and at the approval of the homeowners, selling the golf course is something that can be discussed. Sign up for our newsletter to keep reading. 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. 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 are many unknowns under Chapter 7, which could include part or all of the current $15M bankruptcy claim from the lakefront owners and loss of amenities while still paying for them. Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. Learn More on our tournaments page. A filing for Bankruptcy can take many forms, including a Chapter 11 Reorganization. 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. A reserve study is not something to be taken lightly, said lakefront resident Dan Penoff, who has nearly 30 years of experience on homeowners association boards outside of Continental. There are many types of townhomes available from $300,000 - $500,000. The Continental Country Club constructed Lake Elaine back in the 1970s. There are condominiums, big and small, that you can purchase in the $180,000 - $300,000 price range. Subscribe to our Daily Headlines newsletter. By the end of the year, they expected they could get that number to $125,000. Subscribe to our Daily Headlines newsletter. 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. . A future owner of your home may find golf or the other amenities appealing. It is not clear how the bankruptcy might impact the Lake Elaine issue, but Bliss said it could lead to a situation where the HOA is able to eliminate the lake but pay the surrounding homeowners for the reduced value of their homes. 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 availability of these amenities, whether used or not, makes CCC a desirable neighborhood and increases property values. If the Assessment and dues increase fails, and the HOA converts to Chapter 7, will the Lake Elaine lawsuit continue? There are approximately 1,360 single-family homes (in addition to 1,030 townhouses, condos, and timeshares) within the Continental Country Club Homeowners Association. Staffed with talented and devoted professionals, Continental Country Club is among the area's best-rated public courses. 2380 N. Oakmont Drive, Flagstaff, AZ 86004 (928) 526-5125 www.continentalflagstaff.com . The failure to plan by the association, the failure to reserve funds, have really put the association in a tough spot.. 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. 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. HOA Legal Name: CONTINENTAL COUNTRY CLUB R.O., INC. 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. After the October 30th preliminary ruling, the board studied and reviewed all possibilities, along with speaking with several professionals and our attorneys. By 2026, the annual dues increase will be $291. In a Chapter 7 does the HOA remain in place? 3. Voting to approve these additional funds ends July 28. The benefits are endless and your experiences will last a lifetime. 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. We will keep our facilities open and our employees will be working to ensure business as usual. Deeper into Lake Elaine: Residents contend lake is not to blame for country clubs bankruptcy. Continental Country Club has 2,395 owners. 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. In some cases, these problems predate the current board by years, if not decades. The community is gated, includes 24/7 security and even allows pets. We do support the vote for the additional funds for the homeowners association.. At Continental, you are more than a member; you are part of the family. 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. Elden Thursday, Jeronimo Vasquez Named District 2 Supervisor, 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. Main: (928) 526-5125Oakmont: (928) 526-7990Golf Shop: (928) 527-7997Bear Paw: (928) 522-1588, 2023 CONTINENTAL COUNTRY CLUB ALL RIGHTS RESERVED, Violation Enforcement Policy and Fine Schedule. Log in, Continental Country Club HOA in Flagstaff, AZ, Forest Highlands Golf Club HOA in Flagstaff, AZ, Railroad Springs Townhomes HOA in Flagstaff, AZ. Yes, there is nothing inherent in Chapter 7 that dissolves the HOA. Based on the HOAs rules, those fees can only be raised by a two-thirds vote by all members. In 2006 Continental Country Club succeeded in unifying (11) different sets of CC&Rs for individual single-family subdivisions. A July 14 article for the Arizona Daily Sun explored the issue through testimony from management of the country clubs homeowners association and other residents. And it's free! CCC also had a balloon payment due in October, for $600,000. 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. All owners of lots subject to the declaration are required to be members of Continental Country Club, Inc., per the recorded declaration. They are down to earth, fun-loving people that enjoy spending time together laughing over great food and refreshing drinks. 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. At the beginning of the Chapter 11 process, we explained that values may be negatively affected. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). For more information contact Continental Country Club Guest Services at . Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. We also have aging facilities that require upkeep with an insignificant amount of reserves. 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. 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.. Even more, we do all the work of the Deed Restriction for you! However, even if we cant use amenities, were still required to pay annual lot assessment fees even when unable to use amenities. On this point, the Legionnaires agree. Were empathetic to those on fixed incomes, and offer payment plans to ease burdens. Now, the HOA faces bankruptcy if it can't come up with $2.5 million. You can cancel at any time. 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. That fee would drop to $500 if the HOA begins refilling the lake and continue until it is full. These homeowners the Class believe that the Association has options to address its financial challenges. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. 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. Why are there currently some members paying different assessment rates? Schedule: No open play during the off-season (Nov-Apr). If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! Joining the Continental Country Club HOA is the easiest way to protect your propertys value! 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 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 This included signage, team captain materials and t-shirts. But the residents involved in the class action suit believe repairing the lake isn't nearly that expensive. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. The Continental Country Club in Flagstaff is bankrupt. The Wyndham Timeshares (125 units) are Full Members of Continental just like all other owners. 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. 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. Zillow has 3 homes for sale in 34785 matching Continental Country Club. 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 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. They don't want to claim for damages. Wildwood, FL 34785. 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.