The Continental CC course can host up to 144 golfers at a time with a shot gun start. But, in the 1990s, disaster struck. How do timeshares fit into the funding picture? 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? Are the fines associated with the October 2020 preliminary ruling being assessed currently? At the time, it was an asset to the HOA. 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. The issues we are dealing with today began 30 years ago and the current board wasnt a part of. 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. 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. The Board approved a two-tier membership now known as Associate and Full Membership to account for the difference in assessment levels. A filing for Bankruptcy can take many forms, including a Chapter 11 Reorganization. For more information contact Continental Country Club Guest Services at . 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. Beyond the potential Lake Elaine obligations, we have a 50-year-old building, and numerous amenities. 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/. This anomaly resulted in 1994. Held says the bankruptcy wont close the golf course or force any layoffs and daily operations will go on as normal. At the time of the study, Continentals reserve balance was $54,291. We also have aging facilities that require upkeep with an insignificant amount of reserves. Wildwood, FL 34785. These membership tiers are subdivision specific. Homeowners have a duty to pay their annual dues and this holds true even while in a Chapter 11 reorganization. Beginning 2024, we have three small increases to annual dues of $97 which resolves deferred maintenance and creates appropriate reserves/plan for maintaining building/grounds. Continental Country Club Who are the members of CCC? When were the clubhouse and clubhouse pool built? Learn More on our tournaments page. With some of the lowest homeowner fees in the state less than $46 a month along with a golf course, driving range, clubhouse and other amenities the Association has the ability to generate greater revenues to pay for its obligations and update aging facilities. The Course is open to homeowners and timeshare owners residing within subdivisions of Continental Country Club's Homeowners Association. If you are looking for our main website, click here. They say Lake Elaine can be fixed, and that Continental can afford it but is using bankruptcy to shirk legal obligations established in 1990, suggesting that the Lake Elaine issue is being used to distract from a bigger issue: decades of financial mismanagement. 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. Why didnt the Board give us a warning that this was going to happen? However, the CC&Rs needed to be combined with the assessments at the amounts approved by each individual subdivision at that time. First used to store water for the golf course, Lake Elaine is now only aesthetic, but has been leaking water for decades. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. 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). 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! 150 Saab tingida. 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. 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. Is it possible to leave the HOA so we're not part of it? 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. Ballots go out June 28th, and need to be mailed or returned in-person, Owners who do not return an absentee ballot will be allowed to vote in person at July 30th special meeting, We must reach 60% of quorum (or participation of homeowners in the vote), 2/3 of those voting must vote yes on BOTH ballots for it to be approved, Results announced in special meeting of the members on Saturday, July 30th. 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.. Dues increases and/or special assessment would have been necessary even if a professional management company was involved. The Continental Country Club in Flagstaff is bankrupt. The reorganization plan imposes an increase to our annual assessment that will be phased in over three years beginning in 2024. 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. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). Now, the association is asking homeowners to vote to approve two items a one-time fee and an increase in annual dues. junio 12, 2022. jonah bobo 2005 . There are condominiums, big and small, that you can purchase in the $180,000 - $300,000 price range. Schedule: No open play during the off-season (Nov-Apr). It has not been a normal winter in Flagstaff. The truth is that the Association has simply failed to perform any real repair or maintenance of the Lake for 27 years now. That would be within the discretion of the trustee. What is the process required to divest the HOA of Lake Elaine? 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. and review fee to: Continental Country Club Architectural Control Committee 2380 N. Oakmont Dr. Flagstaff, AZ 86004 Front Rear Sides Lakeside Acres I 25 25 1) 25 Lakeside Acres II & III 20 20 10 HOA Fee Includes A future owner of your home may find golf or the other amenities appealing. They are down to earth, fun-loving people that enjoy spending time together laughing over great food and refreshing drinks. Continental Country Club General Manager Talia Murray says if approved, the one-time assessment can be paid over two years by residents and HOA fees wouldnt go up until 2024 and increase over three years. She adds however, if the plan isnt approved, Chapter 11 could turn into Chapter Seven and assets within the club could be sold off to pay for the current debt. That could mean events like, the annual Easter Egg hunt, breakfast with Santa and Lights on the Lawn could be in jeopardy. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. You have permission to edit this article. 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" The restrictions contained in a declaration are covenants that run with the land and cannot be terminated by the owner. 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. Continental owns and maintains the Walnut Canyon Lakes, and the Associations own experts have testified that Lake Elaine can be repaired. 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. This area is served by the Sweetwater Union High attendance zone. Can a trustee remove the restrictions on the use of the golf course to sell it for maximum value? Bliss said the HOA also has lots of deferred maintenance fees, while also having some of the lowest member fees in the state. But some lakefront residents on the other side of the legal battle have a different perspective. You can cancel at any time. 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. Why dont we just sell the golf course to eliminate the large expense of deferred and ongoing maintenance? 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. The Villages, FL 32162 Directions. This discount allows members & guests to enjoy the lowest rates offered on our rack card. 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! Flagstaff, AZ 86004, Call Continental Country Club at (928) 526-5125, on our EZLinks tee times page in a new tab. No true repairs have been made to the Lake since 1994. Reserve your next round of golf with our quick and convenient online booking engine. There is a one-time special assessment of $2,000. Our members are what makes the social membership so special. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. 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.. When will we know about the timing and amount of any assessments that will be needed? A Flagstaff man is behind bars, charged with aggravated DUI and kidnapping. 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. That's not true. It was approved in some subdivisions, but not in others, as some subdivisions expressed strong discontent with increasing the assessment because they did not see value in the use of amenities. Continental is responsible for those owners access to amenities and common area maintenance. If we pay the $2.5M now, were done forever, other than ongoing maintenance of the small ponds, according to Judge Ballinger. 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. There has been much misinformation about the history of Lake Elaine and the ability to maintain lakes in this area. Four Star Homes has Properties in Adult, Family, and Senior Communities throughout Central Florida. 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. If we had hired a professional HOA management team a few years ago, could we have avoided all this? Continental Country Club mostly features cozy homes that are very reasonably priced. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. 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 Situated below Mount Elden in Flagstaff, AZ, the 18-hole championship golf course at Continental Country Club was designed by Bob E. Baldock. Now, the HOA faces bankruptcy if it can't come up with $2.5 million. Buying a new home in the Continental area? Can I see a Reserve Study Summary of expenditures broken out by amenity? The filing for Chapter 11 reorganization stays those fines. Even more, we do all the work of the Deed Restriction for you! Board Members for Continental Country Club Ro: Title Name Mailing Address Location; Dire . Panda Express is expanding to east Flagstaff. For the most part, most of our Members should not be affected by this petition. 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. Please notify the Association in writing prior to the special assessment due date if interested in the payment plan, The timing for implementing the reorganization plan depends on the association receiving the funds when they are due, thus the 5% interest charge. They want the lake fixed, Bliss said. *Country Club Homeowners: This amount is for quarterly dues only and is separate from mandatory social membership dues. All owners of lots subject to the declaration are required to be members of Continental Country Club, Inc., per the recorded declaration. 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. . Flagstaff City Championship Flyer CCC also had a balloon payment due in October, for $600,000. 219 4. Starting in 2024, associate members would owe an additional $63 for 2024, 2025, and 2026. Get up-to-the-minute news sent straight to your device. This includes CC&Rs enforcement on the property, common area maintenance, amenities access and social activities. The money for the signs was donated. 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. . If Option B is selected, the redesign will be the Associations responsibility. 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. Fee: Continental Country Club HOA or Social Membership fee required. 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. Yes, there is nothing inherent in Chapter 7 that dissolves the HOA. 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. At the beginning of the Chapter 11 process, we explained that values may be negatively affected. So, we either pay the known $2.5 million now, or pay more later up to the $15 million? 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. 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. Why did the Board decide to take this step now? Were empathetic to those on fixed incomes, and offer payment plans to ease burdens.
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