In November, the chain announced the first CFC would be built in Monroe, OH, near its home base of Cincinnati. There is no definite date as to when the clubhouse pool was built; however, there is a 1979 photograph showing the pool and the two adjacent tennis courts. Continental Country Club's HOA files for Chapter 11 bankruptcy (AZ) 17 Feb, 2021 Print this article Font size - 16 + 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. Why dont we just sell the golf course to eliminate the large expense of deferred and ongoing maintenance? But for Continental to do any of this, theyll need money, and they dont deny that they need money for more than just Lake Elaine. Once that happens, and at the approval of the homeowners, selling the golf course is something that can be discussed. Now, it has turned to owners for funding. How do timeshares fit into the funding picture? {{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. There are many unknowns associated with a conversion to Chapter 7. 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. Staffed with talented and devoted professionals, Continental Country Club is among the area's best-rated public courses. First used to store water for the golf course, Lake Elaine is now only aesthetic, but has been leaking water for decades. For the most part, most of our Members should not be affected by this petition. 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.. Example turn the golf course into single-family homes. In the mean time the proshop will still be open Tuesday- Saturday 9am-4pm. (link to message). 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. Get Adobe Acrobat Reader free to view these files. 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. The remaining properties consist of Townhomes, Condos and timeshares. Can a trustee remove the restrictions on the use of the golf course to sell it for maximum value? You can cancel at any time. Then starting in 2024, full members would owe an additional $97 for 2024, 2025 and 2026. Joining the Continental Country Club HOA is the easiest way to protect your property's value! 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%. That's not true. The owners of these properties are also obligated to pay annual assessments to CCC based on their respective CC&Rs. There are many types of townhomes available from $300,000 - $500,000. The obligation to pay dues at least at their current level runs with the land. Please notify the Association in writing prior to the special assessment due date if interested in the payment plan, The timing for implementing the reorganization plan depends on the association receiving the funds when they are due, thus the 5% interest charge. The Continental Country Club in Flagstaff is bankrupt. 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.. The Course is open to homeowners and timeshare owners residing within subdivisions of Continental Country Club's Homeowners Association. 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. And it's free! Our main desire is for members and guests, alike, to have a memorable golfing experience. The funds usually have strict criteria for how they are to be used. 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. . Dues increases and/or special assessment would have been necessary even if a professional management company was involved. Continental received $1500 in donations for marketing materials for the campaign. 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. What happens if we vote NO (DO NOT APPROVE) or dont meet the quorum requirement after two tries? Even more, we do all the work of the Deed Restriction for you! That would be within the discretion of the trustee. The Kroger Co. The Continental Country Club constructed Lake Elaine back in the 1970s. 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. Our clubhouse is over 50 years old and the other amenities require maintenance and repair. There are no positives., Dissatisfied as the Legionnaires might be about the current state of Lake Elaine and Continentals proposed solutions, A successful vote is actually in everyones best interest, said Legionnaire and lakefront resident Tim Harrington in an email to the Arizona Daily Sun. Come see us today! Reserve your next round of golf with our quick and convenient online booking engine. Why are there currently some members paying different assessment rates? 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. Continental County Club has filed for Chapter 11 bankruptcy protection, but daily operations wont change. The Lake Elaine lawsuit was based on a 1990 Amended Judgement and Settlement that was rejected by the bankruptcy court earlier this year. Posted about 2 hours ago $2,950 / 3br - 1145ft2 - Beautifully remodeled 3bed,2bath in Green Mountain home!1 WEEK FREE* (461 S. $3,875 / 1br - 682ft 2 - One bedroom home with vaulted ceiling and balcony . Why did the Board decide to take this step now? Joining the Continental Country Club HOA is the easiest way to protect your propertys value! If it is to be divested, it must be accepted by a third party. You can cancel at any time. Home to one of the best-rated public golf courses in Flagstaff, AZ. The filing for Chapter 11 reorganization stays those fines. 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. Continental Country Club. Then, you've come to the right place. If Option B is selected, the redesign will be the Associations responsibility. But some lakefront residents on the other side of the legal battle have a different perspective. 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. continental country club hoa fees. 2380 N. Oakmont Drive, Flagstaff, AZ 86004 (928) 526-5125 www.continentalflagstaff.com . Flagstaff, AZ 86004, Call Continental Country Club at (928) 526-5125, on our EZLinks tee times page in a new tab. Becoming a member at Continental Country Club is an investment in yourself, your family and your future. How do timeshares fit into the funding picture? 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. On this point, the Legionnaires agree. The question is why. 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! One thing to remember, you will be required to pay additional Home Owner . But Bliss also took issue with the HOAs suggestion that the issue over Lake Elaine was the primary cause of the bankruptcy. 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 The Continental Country Club course is filled with par 3s and par 5s, offers beautiful mountain views and a friendly, neighborhood environment. He is a big sweetheart but a little too rough for my Pygmy Goats. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! Professional management associations still report to a board of directors which makes final decisions. They are down to earth, fun-loving people that enjoy spending time together laughing over great food and refreshing drinks. The failure to plan by the association, the failure to reserve funds, have really put the association in a tough spot.. For every four gallons of water that is pumped into the lake each day, three gallons are lost to seepage into the ground. Will all country club members be allowed on the new redeveloped lake? Back then, the increase had to be approved in each single-family subdivision. . There are condominiums, big and small, that you can purchase in the $180,000 - $300,000 price range. We do support the vote for the additional funds for the homeowners association.. 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.. The work and fines until the lake was filled amounted to a lot of money that our Association does not have. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. Chapter 11 Reorganization | FAQ | Communication with Members | Court Motions & Hearings | Media Announcements. The truth is that the Association has simply failed to perform any real repair or maintenance of the Lake for 27 years now. Continental Country Club Powered by GolfNow.com Book a Tee Time Satellite Layout Tees Track Rounds Scorecard Course Details Year Built 1972 Golf Season Year round Architect Ron Garl (1972) Rentals/Services Carts Yes - included in green fees Clubs Yes Practice/Instruction Driving Range Yes Golf School Academy Yes - "Stephen Wresh Golf Academy" But the residents involved in the class action suit believe repairing the lake isn't nearly that expensive. 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. HOA Fee Includes The CC&Rs govern 1,210 single family homes. These properties have individual property management companies who handles their CC&R enforcement and day-to-day operation. You have permission to edit this article. to fines, and Continental Country Club HOA reserves the right to require restoration of the property to its prior condition. And its free! 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. 150 Saab tingida. Why am I paying for amenities I dont use? We certainly are going to be involved in the bankruptcy proceeding and continue to assert our class action rights to have the lake maintained and repaired.. Continental Country Club - 78 Spaces is an apartment community located in San Diego County and the 91911 ZIP Code. Make sure there is an adequate amount in the reserves in case of major problems such as: roof repairs, asphalt repairs, pool issues and/or property defects. There are a lot of different options when it comes to housing in Continental Country Club. https://continentalflagstaff.com/motion-to-reject-1990-agreement-granted/. The first payment would be due the same day as the due date for the special assessment. In a Chapter 7 does the trustee manage the HOA? There are approximately 1,360 single-family homes (in addition to 1,030 townhouses, condos, and timeshares) within the Continental Country Club Homeowners Association. 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. Bliss said they believe that most of the leaks are in the upper portion of Lake Elaine and targeting repairs toward that section of the lake would go a long way in solving the problem. 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. 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. Much of these claims of mismanagement are founded on an October 2020 Reserve Study of Continentals reserve fund to evaluate how it would maintain reserves above an adequate, not excessive threshold during one or more years of significant expenditures.. 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 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. 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. All owners of lots subject to the declaration are required to be members of Continental Country Club, Inc., per the recorded declaration.