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So, we either pay the known $2.5 million now, or pay more later up to the $15 million? (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). Below you can find information for the homeowners association including HOA fee includes, community features and amenities. Our clubhouse is over 50 years old and the other amenities require maintenance and repair. We will keep our facilities open and our employees will be working to ensure business as usual. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. Bliss said the HOA also has lots of deferred maintenance fees, while also having some of the lowest member fees in the state. You can cancel at any time. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. Is there a Special Assessment Payment Plan? 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. There are a lot of different options when it comes to housing in Continental Country Club. Email notifications are only sent once a day, and only if there are new matching items. Continental Country Club Resorts, Wildwood, FL Real Estate & Homes for 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. Becoming a member at Continental Country Club is an investment in yourself, your family and your future. She says, option one is deeding the property over to the Lake Elaine Homeowners and giving a lump sum payout of $2.5-million for them to be able to do an improvement on the lake as to what they would like, or option two is taking the $2.5-million and us creating a new amenity, which has four-to-five ponds, walking trails and benches which is open to all of the homeowners. Absentee ballots are due at the clubhouse by Thursday at 5 p.m., or residents can vote in person Saturday morning at 9 a.m. at Sinagua Middle School, where the vote count will take place. Continental County Club has filed for Chapter 11 bankruptcy protection, but daily operations wont change. 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 the time of the study, Continentals reserve balance was $54,291. Why are there currently some members paying different assessment rates? This included signage, team captain materials and t-shirts. $273 Buyer's Agent Commission 2.5% Street View Directions Ask Redfin Agent Cody a Question Cody Bauer Flagstaff Redfin Agent Can I see a Reserve Study Summary of expenditures broken out by amenity? 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. 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. Quick Facts Getting Around Continental Country Club Continental Country Club Learn more about this neighborhood. And its free! . 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. I dont golf. Copyright 2023 Continental Country Club FL All Rights Reserved. That would be within the discretion of the trustee. 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. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. For these reasons, they continue to urge Continental residents to vote to approve the specially assessment payment of $2,000 and the 20% increase on annual dues, suggesting its the financially responsible thing to do. 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. The Ferraro Groups contract and the previous Cindy May Marketing contract are for the same amount. 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. Great Circle Media serves Flagstaff, Prescott, Sedona, and the surrounding areas with Northern Arizonas Best Radio Stations! How does the Chapter 11 filing affect me as a Continental Country Club Member? All Single-Family homes governed by the CC&Rs are obligated to pay an annual lot assessment. Held says the work would take time and millions of dollars. There are condominiums, big and small, that you can purchase in the $180,000 - $300,000 price range. To him, the results of this 2020 study were disturbing.. Raising dues and increasing assessments is an important step to funding the reserves, Cohen's statement said. {{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, Flagstaff schools planning to make up instructional time after this winter's snow days, Investigation underway after body found near Sunset Crater National Monument, 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, continentalflagstaff.com/the-voting-process-on-the-two-fees/, City of Flagstaff Year in Review: Housing, transportation key considerations as city develops, 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, Greece train crash: Public anger grows as death toll rises. 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? Log in, Continental Country Club HOA Chula Vista, CA, Alicante at San Miguel Ranch HOA Chula Vista, CA. Wyndham also contributes 50% of the cost of running the Fitness Center and pays for all Capital Improvements at Bear Paw + 60% of the operational day-to-day costs. 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. Continental Country Club Who are the members of CCC? What date did this filing for Chapter 11 Reorganization take effect? There was a problem saving your notification. 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? 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. The money for the signs was donated. 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. Will there be an increase to my annual assessment? Continental Country Clubs HOA files for Chapter 11 bankruptcy. The question is why. They don't want to claim for damages. 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. Continental Country Club in Wildwood, Florida, USA | GolfPass If the plan is approved, Murray says there are two options that can be done with the land. What happens if we vote NO (DO NOT APPROVE) or dont meet the quorum requirement after two tries? The filing for Chapter 11 reorganization stays those fines. Continental Country Club - Wildwood, FL Homes for Sale & Real Estate to fines, and Continental Country Club HOA reserves the right to require restoration of the property to its prior condition. 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. Continental Country Club HOA Chula Vista, CA Joining the Continental Country Club HOA is the easiest way to protect your propertys value! We pay a special assessment one-time fee of $2,000 and assuming success in the bankruptcy court, we are DONE with Lake Elaine issue forever! Here are the top City of Flagstaff stories from 2022. Then starting in 2024, full members would owe an additional $97 for 2024, 2025 and 2026. The Continental Country Club constructed Lake Elaine back in the 1970s. . Is there money set aside for the management of the HOA & enforcement of CC&Rs? Get up-to-the-minute news sent straight to your device. Home to one of the best-rated public golf courses in Flagstaff, AZ. Lease Details & Fees Details Property Information 78 units/1 story Location 445 Orange Ave , Chula Vista , CA 91911 Get Directions This Property Available Property 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. Why did the Board decide to take this step now? Joining the Continental Country Club HOA is the easiest way to protect your property's value! 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. The special assessment can be paid over two years with eight (8) quarterly payments of $261 (which includes 5% interest). Pennsylvania (/ p n s l v e n i / (); Pennsylvania German: Pennsilfaani), officially the Commonwealth of Pennsylvania, is a state spanning the Mid-Atlantic, Northeastern, Appalachian, and Great Lakes regions of the United States.It borders Delaware to its southeast, Maryland to its south, West Virginia to its southwest, Ohio to its west, Lake Erie and the Canadian province of . 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. So, you know, we know that the association is trying to make this look like it's the bankruptcy is all about Lake Elaine, but the association has a number of financial problems, several of which are not related to Lake Elaine, Bliss said. Continental Country Club Listings. Continental Country Club | Continental Country Club Mobile Homes A July 14 article for the Arizona Daily Sun explored the issue through testimony from management of the country. 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. Sean Golightly reports on the environment and the city of Flagstaff. The Course is open to homeowners and timeshare owners residing within subdivisions of Continental Country Club's Homeowners Association. When were the clubhouse and clubhouse pool built? In a statement to the Arizona Daily Sun, Continental attorney Scott Cohen said, While Continental certainly has obligations other than the Lakefront Group, such as addressing its appropriate capital reserves to ensure proper maintenance of its amenities and common areas, this was not the primary cause for the bankruptcy filing..