continental country club hoa fees

One major reason is due to an October 2020 ruling that the clubs homeowners association must repair and refill Lake Elaine after leakage from the lake was discovered. What happens if we vote NO (DO NOT APPROVE) or dont meet the quorum requirement after two tries? Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. If the Assessment and dues increase fails, and the HOA converts to Chapter 7, will the Lake Elaine lawsuit continue? Continental Country Club Resorts, Wildwood, FL Real Estate & Homes for One that was, you know, competent., Financial mismanagement reaches further back than the 2020 study, said resident John Nilsson. Two yeses mean $2.5M goes to either Option 1 or 2 as determined by creditors. Full members will pay $550 annually, Associate members will pay $365 annually, Likely negative impact on property values, $15 Million Lake Elaine dispute unresolved, unknown outcome of the Lake land. HOA Faces Bankruptcy Over Man-Made Lake | HOAM News - Hoa Management .com Arizona HOA Faces Bankruptcy Over Man-Made Lake The filing for Chapter 11 reorganization stays those fines. https://continentalflagstaff.com/what-if-our-members-dont-approve/. 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. These homeowners the Class believe that the Association has options to address its financial challenges. 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. In a recent newsletter to Continental residents, General Manager Tahlia Murray confirmed that if unable to emerge from Chapter 11 Bankruptcy and forced to file Chapter 7 Bankruptcy, the Lake Elaine lawsuit would cease, as the HOA cannot be sued by Lake Elaine property owners or any other entity under Chapter 7. 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? This anomaly resulted in 1994. Sign up for our newsletter to keep reading. 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! If the plan is approved, Murray says there are two options that can be done with the land. 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. Search And Rescue Crews Tended To An Injured Hiker On Mt. The Villages, FL 32162 Directions. If Option B is selected, the redesign will be the Associations responsibility. The trustee is appointed to liquidate and pay, not operate. This includes CC&Rs enforcement on the property, common area maintenance, amenities access and social activities. More information on the voting process for residents of the neighborhood can be found at continentalflagstaff.com/the-voting-process-on-the-two-fees/. Even more, we do all the work of the Deed Restriction for you! Membership - Continental Country Club . (link to message). Please subscribe to keep reading. Tract D (Lake Elaine) is currently owned by the Association. The first payment would be due the same day as the due date for the special assessment. What date did this filing for Chapter 11 Reorganization take effect? Are the fines associated with the October 2020 preliminary ruling being assessed currently? It has not been a normal winter in Flagstaff. 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. Register for our eClub to receive regular offers and updates from Continental CC! 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. But the residents involved in the class action suit believe repairing the lake isn't nearly that expensive. Our main desire is for members and guests, alike, to have a memorable golfing experience. The property cannot be abandoned. 4927 E Mount Pleasant Dr, Flagstaff, AZ 86004 - Redfin Continental Country Club mostly features cozy homes that are very reasonably priced. The Continental Country Club constructed Lake Elaine back in the 1970s. But Bliss also took issue with the HOAs suggestion that the issue over Lake Elaine was the primary cause of the bankruptcy. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! This included an offer to complete a partial top-down repair to buy more time. There are condominiums, big and small, that you can purchase in the $180,000 - $300,000 price range. Are our property assessments used for this? Contrary to the Associations statements, a partial repair would cost nowhere near the millions of dollars suggested by the Association. Court testimony confirmed what the Class already knew: The Lake holds water and can be fixed. Mountain Home Craigslistidaho choose the site nearest you: boise; east Do all members of the HOA get to vote for the new HOA Dues and Special Assessment? Continental Country Club Listings. Joining the Continental Country Club HOA is the easiest way to protect your property's value! View Properties for Sale at Continental Country Club located in Wildwood, FL. Give Us A Call: 1-888-452-6595. Copyright 2023 Continental Country Club FL All Rights Reserved. That's not what any of our folks want. A July 14 article for the Arizona Daily Sun explored the issue through testimony from management of the country. 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. The Continental Country Club constructed Lake Elaine back in the 1970s. 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 restrictions contained in a declaration are covenants that run with the land and cannot be terminated by the owner. Without an additional court order, the Trustee steps into the Debtors shoes and inherits any and all land restrictions, encumbrances, etc. The reorganization plan imposes an increase to our annual assessment that will be phased in over three years beginning in 2024. View Properties for Sale at Continental Country Club located in Continental Country Club HOA is a community located in Chula Vista, CA (San Diego County). Flagstaff, Feb. 12, 2021 Continental Country Club is a great place to live and provides many amenities for the broader community. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. A Big Vote Is Underway At Continental Country Club 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. 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! What happens if 2 YES (APPROVE) for Special Assessment and Annual Dues Increase? 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. Helly Hansen Active Winter sulejope UUS! We also have aging facilities that require upkeep with an insignificant amount of reserves. 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. Continental Country Club Ro, Wildwood, FL - HOA Board, Property Mgr Can a trustee remove the restrictions on the use of the golf course to sell it for maximum value? In the same newsletter, Murray quoted Patrick A. Clisham of Engelman Berger, the legal counsel to Continental Country Club, as having said Chapter 7 means chaos. Email notifications are only sent once a day, and only if there are new matching items. 2380 N. Oakmont Drive, Flagstaff, AZ 86004 (928) 526-5125 www.continentalflagstaff.com . The Lake Elaine lawsuit was based on a 1990 Amended Judgement and Settlement that was rejected by the bankruptcy court earlier this year. Schedule: No open play during the off-season (Nov-Apr). A future owner of your home may find golf or the other amenities appealing. The . Reorganization comes after decades of the Association kicking the can down the road. 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. There are constant ongoing repairs and improvements required for these assets that must be addressed. 2011 Sunwest loan with Oct. 2021 balloon payment due, Deferred and anticipated club amenity maintenance, Decades-long Lake Elaine lawsuit with potential daily fines of up to $700 per day and restoration of a full lake. HOA of Continental CC Files for Chapter 11 Protection - Club This area is served by the Sweetwater Union High attendance zone. 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. 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 They might dispute the proper way to move forward with Lake Elaine, but they appear to agree that voting to approve the special assessment is necessary to help Continental emerge from bankruptcy. https://continentalflagstaff.com/fee-schedule-to-support-the-reorganization-plan/. ", 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. Board Members for Continental Country Club Ro: Title Name Mailing Address Location; Dire . Dues increases and/or special assessment would have been necessary even if a professional management company was involved. Great Circle Media serves Flagstaff, Prescott, Sedona, and the surrounding areas with Northern Arizonas Best Radio Stations!

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