The Lakeside Homeowners would lose as much as any other owner would if the bankruptcy ended in a liquidation.. In the mean time the proshop will still be open Tuesday- Saturday 9am-4pm. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. Continental Country Club - Flagstaff Golf Homes - Our Complete The Wyndham Timeshares (125 units) are Full Members of Continental just like all other owners. The Continental Country Club constructed Lake Elaine back in the 1970s. Hobby Shop Temecula - kbstricks.it Continental is responsible for those owners access to amenities and common area maintenance. junio 12, 2022. jonah bobo 2005 . The amount of a one-time special assessment and annual dues increases has been discussed earlier in this section as well as in several Things to Know messages. The original clubhouse was built in 1960. The Lake Elaine lawsuit was based on a 1990 Amended Judgement and Settlement that was rejected by the bankruptcy court earlier this year. Our clubhouse is over 50 years old and the other amenities require maintenance and repair. He is a big sweetheart but a little too rough for my Pygmy Goats. There are approximately 1,360 single-family homes (in addition to 1,030 townhouses, condos, and timeshares) within the Continental Country Club Homeowners Association. Why are there currently some members paying different assessment rates? 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. I dont golf. The special assessment can be paid over two years with eight (8) quarterly payments of $261 (which includes 5% interest). 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. When will we know about the timing and amount of any assessments that will be needed? HOA Documents Articles of Incorporation CC&Rs Bylaws Membership Policies Some of that is the result of limitations on the Associations revenues and on its ability to raise dues or impose special assessments. Subscribe to our Daily Headlines newsletter. View Properties for Sale at Continental Country Club located in Wildwood, FL. Held says the bankruptcy wont close the golf course or force any layoffs and daily operations will go on as normal. Yes, there is nothing inherent in Chapter 7 that dissolves the HOA. 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. The restrictions contained in a declaration are covenants that run with the land and cannot be terminated by the owner. If you are looking for our main website, click here. Come see us today! We do not currently expect the LFOs to elect Option A. The Continental Country Club in Flagstaff is bankrupt. Get up-to-the-minute news sent straight to your device. You know, we think a partial repair could have been done for as little as $600,000, said attorney Jason Bliss with the office of Aspey Watkins and Diesel, who is representing the homeowners. All owners of lots subject to the declaration are required to be members of Continental Country Club, Inc., per the recorded declaration. You can cancel at any time. 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. That would be within the discretion of the trustee. Great Circle Media serves Flagstaff, Prescott, Sedona, and the surrounding areas with Northern Arizonas Best Radio Stations! Search And Rescue Crews Tended To An Injured Hiker On Mt. By 2026, the annual dues increase will be $189. 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. Even more, we do all the work of the Deed Restriction for you! For every four gallons of water that is pumped into the lake each day, three gallons are lost to seepage into the ground. Continental Country Club has 2,395 owners. Will there be an increase to my annual assessment? Situated below Mount Elden in Flagstaff, AZ, the 18-hole championship golf course at Continental Country Club was designed by Bob E. Baldock. 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! 219 4. The benefits are endless and your experiences will last a lifetime. . 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. CCC also had a balloon payment due in October, for $600,000. Raising dues and increasing assessments is an important step to funding the reserves, Cohen's statement said. Continental Golf Course Is CLOSED for the Season! The funds usually have strict criteria for how they are to be used. Continental Country Club HOA in Chula Vista, CA When were the clubhouse and clubhouse pool built? $273 Buyer's Agent Commission 2.5% Street View Directions Ask Redfin Agent Cody a Question Cody Bauer Flagstaff Redfin Agent Continental received $1500 in donations for marketing materials for the campaign. Lease Details & Fees Details Property Information 78 units/1 story Location 445 Orange Ave , Chula Vista , CA 91911 Get Directions This Property Available Property If we pay the $2.5M now, were done forever, other than ongoing maintenance of the small ponds, according to Judge Ballinger. 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/. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! In their amended disclosure statement, the Legionnaires claim the trouble with Lake Elaine is not that its impossible to maintain, but that the Association [Continental] has simply failed to perform any real repair or maintenance of the Lake for nearly 30 years. They say their perspective was upheld in 2020 by the courts, noting that [Continental] argued then, and argues now, that it does not have enough money to fund Lake Elaine repair, but that did not persuade the Coconino Superior Court, which concluded that the Association knew it had a responsibility to maintain the lake but failed to do so. ", 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. Learn More on our tournaments page. 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. One that was, you know, competent., Financial mismanagement reaches further back than the 2020 study, said resident John Nilsson. Wildwood, FL 34785. A 1991 class action lawsuit ruling stated the lake must remain full. 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. 4530 Red Fox Ln, Flagstaff, AZ 86004 | MLS# 192424 | Redfin 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. Four Star Homes has Properties in Adult, Family, and Senior Communities throughout Central Florida. If we had hired a professional HOA management team a few years ago, could we have avoided all this? 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. The issues we are dealing with today began 30 years ago and the current board wasnt a part of. {{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, Flagstaff schools planning to make up instructional time after this winter's snow days, Investigation underway after body found near Sunset Crater National Monument, 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, continentalflagstaff.com/the-voting-process-on-the-two-fees/, City of Flagstaff Year in Review: Housing, transportation key considerations as city develops, 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, Greece train crash: Public anger grows as death toll rises.