continental country club hoa fees continental country club hoa fees

Court testimony confirmed what the Class already knew: The Lake holds water and can be fixed. For the good of our residents and those who enjoy our facilities, it was time to take action.. When were the clubhouse and clubhouse pool built? 3. 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 What date did this filing for Chapter 11 Reorganization take effect? The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. 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. This option would release the Association from, Option #2 would be to spend that $2.5 million and create the new amenity. 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! How will this affect the value of my home? Round Table Discussions will be held on every, We will also be having Town Hall Meetings for everyone who is interested in attending. All owners of lots subject to the declaration are required to be members of Continental Country Club, Inc., per the recorded declaration. Who owns the property Lake Elaine is on and who is responsible for its redevelopment and construction? 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. A Flagstaff man is behind bars, charged with aggravated DUI and kidnapping. Continental Country Club Flagstaff, AZ 86004 Situated below Mount Elden in Flagstaff, AZ, the 18-hole championship golf course at Continental Country Club was designed by Bob E. Baldock. 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. Yes, on November 16, 2021 the board unanimously passed a one-time resolution allowing townhome/condominium members a vote on the two fees that are required to support the reorganization plan. 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. Contrary to the Associations statements, a partial repair would cost nowhere near the millions of dollars suggested by the Association. The January newsletter provided to homeowners did reference that bankruptcy was an option that was being considered. He said the HOA has several other significant expenses and issues that have prevented it from properly facing those issues. 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. 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. Flagstaff, Feb. 12, 2021 - Continental Country Club is a great place to live and provides many amenities for the broader community. Our members are what makes the social membership so special. 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. So, we either pay the known $2.5 million now, or pay more later up to the $15 million? In 2006 Continental Country Club succeeded in unifying (11) different sets of CC&Rs for individual single-family subdivisions. 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. Are you looking for a great golf course?Are you looking for a great restaurant?Are you looking for a great 55+ retirement community?Then, youve come to the right place. https://continentalflagstaff.com/fee-schedule-to-support-the-reorganization-plan/. If the plan is approved, Murray says there are two options that can be done with the land. Now, the association is asking homeowners to vote to approve two items a one-time fee and an increase in annual dues. 2380 N Oakmont Dr 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. A future owner of your home may find golf or the other amenities appealing. What are we voting on, what is the timeline/details? Yes, there is nothing inherent in Chapter 7 that dissolves the HOA. I dont golf. The funds usually have strict criteria for how they are to be used. They pay the full membership dues and receive the same benefits. 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. Each year, members may elect a new board or move to a professional management association. The trustee is appointed to liquidate and pay, not operate. The . Are you looking for a great 55+ retirement community? Even more, we do all the work of the Deed Restriction for you! COMMUNITY TYPE: RESIDENTIAL SFH COMMUNITY LEGAL NAME: CONTINENTAL COUNTRY CLUB R.O., INC. ALSO KNOWN AS: CONTINENTAL COUNTRY CLUB TYPE OF CORPORATION: DOMNP ORIGINAL CORPORATION FILING DATE: 05221989 COMMUNITY ID NUMBER: N32426 Starting in 2024, associate members would owe an additional $63 for 2024, 2025, and 2026. To him, the results of this 2020 study were disturbing.. Associate Members have the option to upgrade on an annual basis to full members, although full members do not have the option to become associate members. 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. There were several additions made in the 1970s. The costs are too much of a burden for members on a fixed income? 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. Quite honestly, I can't imagine a professional management company letting this happen. This discount allows members & guests to enjoy the lowest rates offered on our rack card. HOA Fee Includes Chapter 11 Reorganization | FAQ | Communication with Members | Court Motions & Hearings | Media Announcements. In November, the chain announced the first CFC would be built in Monroe, OH, near its home base of Cincinnati. The Ferraro Groups contract and the previous Cindy May Marketing contract are for the same amount. You can cancel at any time. Are our property assessments used for this? 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. Becoming a member at Continental Country Club is an investment in yourself, your family and your future. We will keep our facilities open and our employees will be working to ensure business as usual. Continental Country Club - 78 Spaces is an apartment community located in San Diego County and the 91911 ZIP Code. {{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. The Board approved a two-tier membership now known as Associate and Full Membership to account for the difference in assessment levels. continental country club hoa fees. 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 Resorts, Wildwood Real Estate & Homes for Sale 13 Homes Sort by Relevant Listings Brokered by Four Star Home Brokers, Inc. For Sale $180,000 2 bed 2 bath 1,056 sqft 6,711. Give Us A Call: 1-888-452-6595. Wildwood, FL 34785. 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. . 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. Four Star Homes has Properties in Adult, Family, and Senior Communities throughout Central Florida. If the Assessment and dues increase fails, and the HOA converts to Chapter 7, will the Lake Elaine lawsuit continue? The Continental Country Club constructed Lake Elaine back in the 1970s. https://continentalflagstaff.com/what-if-our-members-dont-approve/. Panda Express is expanding to east Flagstaff. . Continental Country Club Who are the members of CCC? 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. It bolstered the property values of homes located on the waterfront and was a gorgeous sight to see. In a Chapter 7 does the HOA remain in place? That's not true. . Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. By 2026, the annual dues increase will be $291. 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. 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. 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. Not currently but we hope that our members will approve the two fees required to support the reorganization plan that will provide our HOA with a healthier and stronger future. 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.. Print Subscribe Was this page helpful? Flagstaff City Championship Flyer 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. Please subscribe to keep reading. 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. 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. A big vote is underway at Continental Country Club in East Flagstaff. The special assessment can be paid over two years with eight (8) quarterly payments of $261 (which includes 5% interest). HOA Documents Articles of Incorporation CC&Rs Bylaws Membership Policies One that was, you know, competent., Financial mismanagement reaches further back than the 2020 study, said resident John Nilsson. There are condominiums, big and small, that you can purchase in the $180,000 - $300,000 price range. In the mean time the proshop will still be open Tuesday- Saturday 9am-4pm. Two yeses mean $2.5M goes to either Option 1 or 2 as determined by creditors. The money for the signs was donated. $273 Buyer's Agent Commission 2.5% Street View Directions Ask Redfin Agent Cody a Question Cody Bauer Flagstaff Redfin Agent HOA Legal Name: CONTINENTAL COUNTRY CLUB, INC. Reserve funds are used for large projects such as replacements or repairs within the homeowners association. They are down to earth, fun-loving people that enjoy spending time together laughing over great food and refreshing drinks. Will there be an increase to my annual assessment? The CC&Rs govern 1,210 single family homes. However, even if we cant use amenities, were still required to pay annual lot assessment fees even when unable to use amenities. Our clubhouse is over 50 years old and the other amenities require maintenance and repair. 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%.