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continental country club hoa fees
Sign up for our newsletter to keep reading. The Continental Country Club constructed Lake Elaine back in the 1970s. If we had hired a professional HOA management team a few years ago, could we have avoided all this? These homeowners are known as Associate members. Continental Country Club Homeowners Association, Wildwood Florida In November, the chain announced the first CFC would be built in Monroe, OH, near its home base of Cincinnati. The Continental Country Club in Flagstaff is bankrupt. What is the process required to divest the HOA of Lake Elaine? 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. 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. Continental received $1500 in donations for marketing materials for the campaign. 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. Sean Golightly reports on the environment and the city of Flagstaff. Is there a Special Assessment Payment Plan? We do support the vote for the additional funds for the homeowners association.. It bolstered the property values of homes located on the waterfront and was a gorgeous sight to see. However, even if we cant use amenities, were still required to pay annual lot assessment fees even when unable to use amenities. 4530 Red Fox Ln, Flagstaff, AZ 86004 | MLS# 192424 | Redfin The issues we are dealing with today began 30 years ago and the current board wasnt a part of. Held says the bankruptcy wont close the golf course or force any layoffs and daily operations will go on as normal. Do all members of the HOA get to vote for the new HOA Dues and Special Assessment? At the time of the study, Continentals reserve balance was $54,291. 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. That fee would drop to $500 if the HOA begins refilling the lake, and continue until it is full. Continental Country Club - Flagstaff Golf Homes - Our Complete At the beginning of the Chapter 11 process, we explained that values may be negatively affected. ", 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. The Class also estimates this temporary solution could be completed quickly in months, not years. You have permission to edit this article. Is it possible to leave the HOA so we're not part of it? 3mi Publix Quick Picks Delivery by 11:00am Walgreens Delivery by 3:35am Sam's Club Delivery by 11:00am ABC Fine Wine & Spirits Delivery by 2:00pm. That's not true. 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. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. Membership in Continental is a result of home ownership. 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. Round Table Discussions will be held on every, We will also be having Town Hall Meetings for everyone who is interested in attending. He said the HOA has several other significant expenses and issues that have prevented it from properly facing those issues. If the plan is approved, Murray says there are two options that can be done with the land. Trees are falling in Flagstaff and have been compromised as a result of recent winter storms. Once that happens, and at the approval of the homeowners, selling the golf course is something that can be discussed. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. No true repairs have been made to the Lake since 1994. How much are you paying for these signs Im seeing, and this PR firm? 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. As with any kind of public HOA restructuring, the CCC bankruptcy could create some market uncertainty on the impacted houses, however this kind of impact should be short-lived and was inevitable given CCCs financial condition and potential Lake Elaine liabilities that must be addressed under the courts recent preliminary ruling. As we now know, market conditions have been favorable for most of the real estate market, including our CCC properties. At Continental, you are more than a member; you are part of the family. The community is gated, includes 24/7 security and even allows pets. If the Assessment and dues increase fails, and the HOA converts to Chapter 7, will the Lake Elaine lawsuit continue? 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. CCC also had a balloon payment due in October, for $600,000. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). Are you looking for a great 55+ retirement community? 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. Mo. A 2019 report from engineering firm Terracon evaluated that the lower lake elevation would have relative stability. The same report concluded, however, that any plan should include the eventual replacement of the liner below this elevation., Outlined in their amended disclosure statement, Continental has included a small lake option in its plan to emerge from bankruptcy, but with one caveat: the club no longer want to be responsible for maintaining the lake. If we convert to Chapter 7, the HOA cannot be sued by Lake Elaine property owners or any other entity. 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/. And its free! Now, it has turned to owners for funding. You have permission to edit this article. 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. Deeper into Lake Elaine: Residents contend lake is not to blame for Flagstaff City Championship Flyer 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. Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. 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. A Big Vote Is Underway At Continental Country Club 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. President - The president of the Board presides at all meetings of the Board of Directors. 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. Main: (928) 526-5125Oakmont: (928) 526-7990Golf Shop: (928) 527-7997Bear Paw: (928) 522-1588, 2023 CONTINENTAL COUNTRY CLUB ALL RIGHTS RESERVED, Violation Enforcement Policy and Fine Schedule. 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. 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. I dont golf. The Continental Country Club in Flagstaff is bankrupt. When were the clubhouse and clubhouse pool built? Thank you to everyone who came out and play, we are looking forward to some exciting changes in-store for next year. 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. Wildwood, FL 34785.
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