https://continentalflagstaff.com/what-if-our-members-dont-approve/. I dont golf. In the mean time the proshop will still be open Tuesday- Saturday 9am-4pm. The Continental CC course can host up to 144 golfers at a time with a shot gun start. It bolstered the property values of homes located on the waterfront and was a gorgeous sight to see. The failure to plan by the association, the failure to reserve funds, have really put the association in a tough spot.. . Register for our eClub to receive regular offers and updates from Continental CC! Our members are what makes the social membership so special. Example turn the golf course into single-family homes. However, a Chapter 7 panel trustee would be appointed and all decisions regarding the operations of the HOA will be made by the Trustee. 3. By 2026, the annual dues increase will be $189. How will this affect the value of my home? Now, the HOA faces bankruptcy if it can't come up with $2.5 million. If we dont reach quorum on special assessment, then we can go out a second time on special assessment but must have 30% quorum (participation) that round and of that, 2/3 must vote Yes. Fee: Continental Country Club HOA or Social Membership fee required. 50 Continental Blvd. The required work would require Engineers, Contractors, and time. 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. Flagstaff, AZ 86004, Call Continental Country Club at (928) 526-5125, on our EZLinks tee times page in a new tab. Even more, we do all the work of the Deed Restriction for you! Log in, Continental Country Club HOA Chula Vista, CA, Alicante at San Miguel Ranch HOA Chula Vista, CA. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. CCC also had a balloon payment due in October, for $600,000. Based on the HOAs rules, those fees can only be raised by a two-thirds vote by all members. 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. More information on the voting process for residents of the neighborhood can be found at continentalflagstaff.com/the-voting-process-on-the-two-fees/. Becoming a member at Continental Country Club is an investment in yourself, your family and your future. 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. The biggest problem over the years has been Lake Elaine, which has been an issue for nearly 30 years, with costs and fines building over time. Our clubhouse is over 50 years old and the other amenities require maintenance and repair. If it is to be divested, it must be accepted by a third party. 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. 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. This anomaly resulted in 1994. 27470 Jefferson Ave. Pizza making Mamma mia, we love this one! 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. 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. 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! That would be within the discretion of the trustee. 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. Flagstaff City Championship Flyer 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. Then, you've come to the right place. Each year, members may elect a new board or move to a professional management association. They don't want to claim for damages. This includes CC&Rs enforcement on the property, common area maintenance, amenities access and social activities. If Option B is selected, the redesign will be the Associations responsibility. 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. It has asked residents to vote to approve a $2,000 special assessment payment and a 20% increase in annual dues to help the country club emerge from bankruptcy and turn Lake Elaine into something less costly. So, we either pay the known $2.5 million now, or pay more later up to the $15 million? What is the difference between Chapter 11 Reorganization and Bankruptcy? 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. At the time, it was an asset to the HOA. 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. Continental Country Club Listings. For every four gallons of water that is pumped into the lake each day, three gallons are lost to seepage into the ground. Continental Country Club HOA Chula Vista, CA Before buying in Continental Country Club HOA you will want to check out their reserve funds, budgets, bylaws as well as the rules and restrictions of the community. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. Ensure continued use of our club amenities and environment. Flagstaff, Feb. 12, 2021 Continental Country Club is a great place to live and provides many amenities for the broader community. The fee had been set to begin at the start of February, . The Course is open to homeowners and timeshare owners residing within subdivisions of Continental Country Club's Homeowners Association. 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. (link to message). Can I see a Reserve Study Summary of expenditures broken out by amenity? Voting to approve these additional funds ends July 28. The Court further concluded that failure to plan did not equate to an inability to comply., While the Legionnaires do not deny Continentals precarious financial situation, they dont think it inhibits or excuses them from upholding legal obligations surrounding Lake Elaine. In a Chapter 7 does the trustee manage the HOA? In November, the chain announced the first CFC would be built in Monroe, OH, near its home base of Cincinnati. One thing to remember, you will be required to pay additional Home Owner . 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. Staffed with talented and devoted professionals, Continental Country Club is among the area's best-rated public courses. 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. Starting in 2024, associate members would owe an additional $63 for 2024, 2025, and 2026. 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. Meeste parka Helly Hansen Continental XL UUS. He said the HOA has several other significant expenses and issues that have prevented it from properly facing those issues. For more information contact Continental Country Club Guest Services at . These homeowners the Class believe that the Association has options to address its financial challenges. Email notifications are only sent once a day, and only if there are new matching items. The community is gated, includes 24/7 security and even allows pets. The Continental Country Club constructed Lake Elaine back in the 1970s. Continental Country Club - 78 Spaces is an apartment community located in San Diego County and the 91911 ZIP Code. However, even if we cant use amenities, were still required to pay annual lot assessment fees even when unable to use amenities. The work and fines until the lake was filled amounted to a lot of money that our Association does not have. 2380 N Oakmont Dr This included an offer to complete a partial top-down repair to buy more time. 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! Are you looking for a great 55+ retirement community? The money for the signs was donated. Now, it has turned to owners for funding. . This option allows us to maintain the day-to-day operations of our Club without interruption so that members and others can continue to enjoy our amenities. When were the clubhouse and clubhouse pool built? Selling the golf course is not legally a feasible option until we emerge from Chapter 11 bankruptcy. Here are the top City of Flagstaff stories from 2022. How does the Chapter 11 filing affect me as a Continental Country Club Member? 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. 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. The reorganization plan imposes an increase to our annual assessment that will be phased in over three years beginning in 2024. 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. There are many types of townhomes available from $300,000 - $500,000. One major reason is due to an October 2020 ruling that the clubs homeowners association must repair and refill Lake Elaine after leakage from the lake was discovered. A filing for Bankruptcy can take many forms, including a Chapter 11 Reorganization. Continental Golf Course Is CLOSED for the Season! President - The president of the Board presides at all meetings of the Board of Directors. Our main desire is for members and guests, alike, to have a memorable golfing experience. Homeowners have a duty to pay their annual dues and this holds true even while in a Chapter 11 reorganization. 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. 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. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! 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 January newsletter provided to homeowners did reference that bankruptcy was an option that was being considered. 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. 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. What are we voting on, what is the timeline/details? Below you can find information for the homeowners association including HOA fee includes, community features and amenities. 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. 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. Why am I paying for amenities I dont use? In their disclosure statement, Continental says they are informed and believe that the Lakefront Group has separately evaluated [the small lake option] and has concluded that the costs of implementing [this option] are significantly less than [Continentals] $3 million estimate, but discussions between the parties to date have not been able to reconcile these differences., In either case, to the Legionnaires, being handed the deed to the lake is not an attractive option, and it asks the lakefront owners to take on the problem that [Continental] created. What they want is for Continental to take responsibility for the lake repair and also pay some money toward the Lakeside Homeowners attorneys fees which are damages that the Lakeside Homeowners have suffered as a result of [Continentals] rejection of the 1990 Settlement Judgment.. Professional management associations still report to a board of directors which makes final decisions. You can cancel at any time. Without an additional court order, the Trustee steps into the Debtors shoes and inherits any and all land restrictions, encumbrances, etc. A future owner of your home may find golf or the other amenities appealing. Schedule: No open play during the off-season (Nov-Apr). 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. Lease Details & Fees Details Property Information 78 units/1 story Location 445 Orange Ave , Chula Vista , CA 91911 Get Directions This Property Available Property Joining the Continental Country Club HOA is the easiest way to protect your property's value! 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 At the time, it was an asset to the HOA. Why did the Board decide to take this step now? What is the source of funds that are being used to pay for all the signage and banners to support the special assessment? Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. Panda Express is expanding to east Flagstaff. If I havent yet paid my annual dues, will they still have to be paid? The CC&Rs govern 1,210 single family homes. Trees are falling in Flagstaff and have been compromised as a result of recent winter storms. 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. Will all country club members be allowed on the new redeveloped lake? Get Adobe Acrobat Reader free to view these files. . No true repairs have been made to the Lake since 1994. Its those reasons why the Club went into Chapter 11 bankruptcy in February of 2021. Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. Great Circle Media serves Flagstaff, Prescott, Sedona, and the surrounding areas with Northern Arizonas Best Radio Stations! Are the fines associated with the October 2020 preliminary ruling being assessed currently? HOA Documents Articles of Incorporation CC&Rs Bylaws Membership Policies Reserve your next round of golf with our quick and convenient online booking engine. But some lakefront residents on the other side of the legal battle have a different perspective. A Flagstaff man is behind bars, charged with aggravated DUI and kidnapping. Court reservations required. These properties have individual property management companies who handles their CC&R enforcement and day-to-day operation. The issues we are dealing with today began 30 years ago and the current board wasnt a part of. Why dont we just sell the golf course to eliminate the large expense of deferred and ongoing maintenance? From AU$247 per night on Tripadvisor: Starlight Lodge at Rockport Harbor, Rockport. 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. But Bliss also took issue with the HOAs suggestion that the issue over Lake Elaine was the primary cause of the bankruptcy. With huge increases in minimum wage, increasing expenses related to repairing, replacing and maintaining facilities, and rising water costs, along with the contempt action, sanctions, and order, and after exploring all other options, there was no other possible decision. The Villages, FL 32162 Directions. 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/. We are located on St Rte 44 just 2.5 miles east of Brownwood 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. 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. 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.. 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
Update Vlc In Linux Coursera,
National Grid Outage Map Upstate Ny,
Is The Iga On Hamilton Island Expensive,
Articles C
