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. There are many unknowns associated with a conversion to Chapter 7. Why dont we just sell the golf course to eliminate the large expense of deferred and ongoing maintenance? Is it possible to leave the HOA so we're not part of it? At the time, it was an asset to the HOA. In 1988, a group of lakeside homeowners filed a class action lawsuit against the HOA that mandated that the HOA should keep the lake full, but so far, no significant repairs to stop seepage have moved forward. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). 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. 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. 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.. Flyer Link. No true repairs have been made to the Lake since 1994. The funds usually have strict criteria for how they are to be used. 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! The truth is that the Association has simply failed to perform any real repair or maintenance of the Lake for 27 years now. But some lakefront residents on the other side of the legal battle have a different perspective. 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. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. 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. From AU$247 per night on Tripadvisor: Starlight Lodge at Rockport Harbor, Rockport. Why did the Board decide to take this step now? The timing will depend on whether or not our members approve the two fees necessary to support the reorganization plan and the legal processes that will ultimately approve our reorganization plan. The issues we are dealing with today began 30 years ago and the current board wasnt a part of. You have permission to edit this article. Example turn the golf course into single-family homes. We have the receipts. What date did this filing for Chapter 11 Reorganization take effect? The CC&Rs govern 1,210 single family homes. Bliss said after the court held the HOA in contempt last year, the homeowners approached the HOA about ways to move forward, but their offers were rebuffed and the HOA decided to move forward with bankruptcy instead. 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. Quick Facts Getting Around Continental Country Club Continental Country Club Learn more about this neighborhood. ", The issue is further complicated by the fact that Continental and the Legionnaires cant seem to agree on how much it would cost to repair and maintain even a small lake option. Here are the top City of Flagstaff stories from 2022. For HOA info, property manager and board member contact, HOA fees, maintenance requests, estoppel, complaints, HOA rules & regulations, documents, amenities, real estate purchase/sales, wind mitigation requests, and architectural/landscape committee. In 2006 Continental Country Club succeeded in unifying (11) different sets of CC&Rs for individual single-family subdivisions. If I havent yet paid my annual dues, will they still have to be paid? Can I see a Reserve Study Summary of expenditures broken out by amenity? HOA Legal Name: CONTINENTAL COUNTRY CLUB R.O., INC. 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/. What are we voting on, what is the timeline/details? That fee would drop to $500 if the HOA begins refilling the lake, and continue until it is full. https://continentalflagstaff.com/fee-schedule-to-support-the-reorganization-plan/. 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. 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 . Subscribe to our Daily Headlines newsletter. Raising dues and increasing assessments is an important step to funding the reserves, Cohen's statement said. HOA Fee Includes Held says the bankruptcy wont close the golf course or force any layoffs and daily operations will go on as normal. Reach him at sgolightly@azdailysun.com, on Twitter at @sean_golightly, or on Instagram at @golightly_writes. The reorganization plan imposes an increase to our annual assessment that will be phased in over three years beginning in 2024. If we pay the $2.5M now, were done forever, other than ongoing maintenance of the small ponds, according to Judge Ballinger. So long as CCC owns the property, at a minimum, it will remain liable for public safety/nuisance issues and dam maintenance obligations with the State of Arizona. Continental Country Club Who are the members of CCC? But Bliss also took issue with the HOAs suggestion that the issue over Lake Elaine was the primary cause of the bankruptcy. Continental Country Club. 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. Held said the repairs the lake needs would cost more than a million dollars in addition to the water needed to fill the lake and that the HOA simply has not had the funds to complete such repairs. Property Type Single Family Residential HOA Dues $46/month Year Built 1985 Community Continental Cntry Clb Lot Size 0.29 Acres MLS# 192424 Price Insights List Price $849,900 Est. 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. . And it's free! 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. Do all members of the HOA get to vote for the new HOA Dues and Special Assessment? If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! 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. What happens if we vote NO (DO NOT APPROVE) or dont meet the quorum requirement after two tries? . The Wyndham Timeshares (125 units) are Full Members of Continental just like all other owners. A July 14 article for the Arizona Daily Sun explored the issue through testimony from management of the country. The following is a statement from Lakeside Homeowners At Continental: Continental Country Clubs Financial Challenges Result From Failure to Plan and Confront Obligations. The costs are too much of a burden for members on a fixed income? Were empathetic to those on fixed incomes, and offer payment plans to ease burdens. 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. 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. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. 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? And its free! What is the difference between Chapter 11 Reorganization and Bankruptcy? In some cases, these problems predate the current board by years, if not decades. 3. The trustee is appointed to liquidate and pay, not operate. Dues increases and/or special assessment would have been necessary even if a professional management company was involved. Then, you've come to the right place. This anomaly resulted in 1994. continental country club hoa fees. The benefits are endless and your experiences will last a lifetime. Now, the HOA faces bankruptcy if it can't come up with $2.5 million. 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. Learn More on our tournaments page. Then starting in 2024, full members would owe an additional $97 for 2024, 2025 and 2026. 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.. 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. The . This community dates back to 1975 and has continued to develop over the years. In a Chapter 7 does the HOA remain in place? Sign up for our newsletter to keep reading. Voting to approve these additional funds ends July 28. Why are there currently some members paying different assessment rates? All owners of lots subject to the declaration are required to be members of Continental Country Club, Inc., per the recorded declaration. The hoa policies can change with time for Continental Country Club so if you see an error please contact us so we can fix it. Contact ClubCorp for social membership dues questions: 623-742-6200 Download homeowners online payment guide. The failure to plan by the association, the failure to reserve funds, have really put the association in a tough spot.. At Continental, you are more than a member; you are part of the family. They pay the full membership dues and receive the same benefits. Still, Chapter 7 and the liquidation of assets that would follow are by no means in Continentals interests. Now, it has turned to owners for funding. Quite honestly, I can't imagine a professional management company letting this happen. 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. Will all country club members be allowed on the new redeveloped lake? 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. 150 Saab tingida. Instead it has chosen to walk away from its obligations through bankruptcy reorganization, creating a stigma impacting more than 2,500 Association members. 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. Continental received $1500 in donations for marketing materials for the campaign. Subscribe to our Daily Headlines newsletter. Staffed with talented and devoted professionals, Continental Country Club is among the area's best-rated public courses. Sean Golightly reports on the environment and the city of Flagstaff. The property cannot be abandoned. These homeowners - the "Class" - believe that the Association has options to address its financial challenges. Buying a new home in the Continental area? 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. He said the HOA has several other significant expenses and issues that have prevented it from properly facing those issues. 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. HOA Documents Articles of Incorporation CC&Rs Bylaws Membership Policies 50 Continental Blvd. Continental Country Club HOA is a community located in Flagstaff, AZ (Coconino County). There are constant ongoing repairs and improvements required for these assets that must be addressed. Will there be an increase to my annual assessment? First used to store water for the golf course, Lake Elaine is now only aesthetic, but has been leaking water for decades. How do timeshares fit into the funding picture? 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. The Class also estimates this temporary solution could be completed quickly in months, not years. A draft reserve study has been received and is under review that shows that millions of dollars are needed over the next 10 years and through 2050. That's not what any of our folks want. We are located on St Rte 44 just 2.5 miles east of Brownwood On this point, the Legionnaires agree. The question is why. Now, the association is asking homeowners to vote to approve two items a one-time fee and an increase in annual dues. The Social Membership allows you access to all the Club's amenities and provides the opportunity to take part in our extensive calendar of social events, Whether you plan to use Flagstaff as your home base or your vacation get-away you will not regret calling this home! Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. Are the fines associated with the October 2020 preliminary ruling being assessed currently? (link to message). Other areas of compromise included an offer to push out the full Lake Elaine repair as long as 10 years, providing additional running room to plan and capitalize for a proper longer-term repair.