That's not true. How does the Chapter 11 filing affect me as a Continental Country Club Member? In the mean time the proshop will still be open Tuesday- Saturday 9am-4pm. Continental Country Club HOA in Flagstaff, AZ - HOA Resource When were the clubhouse and clubhouse pool built? President - The president of the Board presides at all meetings of the Board of Directors. 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%. The January newsletter provided to homeowners did reference that bankruptcy was an option that was being considered. 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. 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 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.. Its those reasons why the Club went into Chapter 11 bankruptcy in February of 2021. In their statement, they note that lakefront homeowners have been very willing to work with [Continental] to negotiate a creative solution that would allow for repair of the lake as part of a holistic approach to address [Continentals] broad financial challenges., In their opinion, Continental has refused to meet them halfway and has tried to use the bankruptcy process to block enforcement of the 1990 Settlement Judgment and the 2020 contempt ruling., Lakeside Homeowners attempted to negotiate flexible options allowing for repair of the lake over time, the Legionnaire statement reads. The Class also estimates this temporary solution could be completed quickly in months, not years. Continental Country Club. Instead it has chosen to walk away from its obligations through bankruptcy reorganization, creating a stigma impacting more than 2,500 Association members. If I haven't yet paid my annual dues, will they still have to be paid? Continental Country Club - 78 Spaces is an apartment community located in San Diego County and the 91911 ZIP Code. Continental Country Club mostly features cozy homes that are very reasonably priced. Main: (928) 526-5125Oakmont: (928) 526-7990Golf Shop: (928) 527-7997Bear Paw: (928) 522-1588, 2023 CONTINENTAL COUNTRY CLUB ALL RIGHTS RESERVED. Can we just abandon the property? 3. A July 14 article for the Arizona Daily Sun explored the issue through testimony from management of the country. Is it possible to leave the HOA so we're not part of it? Will all country club members be allowed on the new redeveloped lake? 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. The Ferraro Groups contract and the previous Cindy May Marketing contract are for the same amount. 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. What happens if we vote NO (DO NOT APPROVE) or dont meet the quorum requirement after two tries? 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. Search And Rescue Crews Tended To An Injured Hiker On Mt. Why am I paying for amenities I dont use? 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. If you are looking for our main website, click here. There are a lot of different options when it comes to housing in Continental Country Club. 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. $273 Buyer's Agent Commission 2.5% Street View Directions Ask Redfin Agent Cody a Question Cody Bauer Flagstaff Redfin Agent How much are you paying for these signs Im seeing, and this PR firm? Continental has known about its financial challenges for years, even decades, but neglected to plan for or properly address them. Fee: Continental Country Club HOA or Social Membership fee required. Reach him at sgolightly@azdailysun.com, on Twitter at @sean_golightly, or on Instagram at @golightly_writes. Continental Country Club - Wildwood, FL Homes for Sale & Real Estate When were the clubhouse and clubhouse pool built? The remaining properties consist of Townhomes, Condos and timeshares. Zillow has 3 homes for sale in 34785 matching Continental Country Club. https://continentalflagstaff.com/motion-to-reject-1990-agreement-granted/. 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.. 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. What date did this filing for Chapter 11 Reorganization take effect? Were empathetic to those on fixed incomes, and offer payment plans to ease burdens. It is not true that the Lakeside Homeowners want to bankrupt [Continental], the Legionnaire statement says. What is the source of funds that are being used to pay for all the signage and banners to support the special assessment? The money for the signs was donated. For more information contact Continental Country Club Guest Services at . Payment $4,996 Price/Sq.Ft. And it's free! 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.. . Mountain Home Craigslistidaho choose the site nearest you: boise; east Continental received $1500 in donations for marketing materials for the campaign. 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. The obligation to pay dues at least at their current level runs with the land. If the home is not associated with the Homeowners Association youre invited to deed restrict the property with CCC and become part of the Club! There are many types of townhomes available from $300,000 - $500,000. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. The lake level has been falling because water is seeping out despite previous attempts to seal the lake bottom. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! 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. Continental Country Club HOA is a community located in Flagstaff, AZ (Coconino County). What about the special assessment or other fees? Mo. junio 12, 2022. jonah bobo 2005 . After the October 30th preliminary ruling, the board studied and reviewed all possibilities, along with speaking with several professionals and our attorneys. There has been much misinformation about the history of Lake Elaine and the ability to maintain lakes in this area. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. 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. Background: How did we get in this situation regarding Lake Elaine and the Bankruptcy? How do timeshares fit into the funding picture? 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 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" 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. Back then, the increase had to be approved in each single-family subdivision. Arizona HOA Faces Bankruptcy Over Man-Made Lake 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.. Option #1 would be to deed the land to the 52 lakefront owners and pay them $2.5 million to repair and maintain the lake in perpetuity. Can a trustee remove the restrictions on the use of the golf course to sell it for maximum value? 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.
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