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. Under the option, it would deed the Lake Elaine footprint to the lakefront owners and provide them $2.5 million raised from the proposed $2,000 payments so that the Legionnaires can implement a smaller lake or any other solution the Lakefront Group determines is appropriate with the resources available, and thereafter, maintain such improvements as they deem fit with no further contribution from [Continental] or its broader membership., Based on their statement, the reason Continental wants to sever their responsibility for maintaining Lake Elaine has to do with their skepticism that a long-term, sustainable lake is possible. 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! This anomaly resulted in 1994. Contrary to the Associations statements, a partial repair would cost nowhere near the millions of dollars suggested by the Association. One that was, you know, competent., Financial mismanagement reaches further back than the 2020 study, said resident John Nilsson. . Continental Country Club Home and Lot Sales, Long-Term & Seasonal Rentals Are Currently Handled By: Click on the Link Below to See the Available Homes For Sale www.FourStarHomes.com Click this Link for Rental Homes. Voting to approve these additional funds ends July 28. Log in, Continental Country Club HOA in Chula Vista, CA, Terraza at Otay Ranch Village HOA in Chula Vista, CA, Chula Vista Bayfront HOA in Chula Vista, CA. As stated at the 2/12/21 meeting, the Board is taking ALL homeowners concerns regarding voting equality seriously and plans to include the townhomes and condos in all future votes, if legally possible. We do support the vote for the additional funds for the homeowners association.. A future owner of your home may find golf or the other amenities appealing. You have permission to edit this article. Each year, members may elect a new board or move to a professional management association. Continental County Club has filed for Chapter 11 bankruptcy protection, but daily operations wont change.
HOA Faces Bankruptcy Over Man-Made Lake | HOAM News - Hoa Management .com 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! 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. Three People Were Killed In A Multi-Vehicle Accident On I-40 Near Williams Tuesday, Flagstaffs Mayor Paul Deasy Declares A State Of Emergency For The City Due To Post-Pipeline Fire Flooding, 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. 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 Resorts, Wildwood, FL Real Estate & Homes for lbdoe.bluebeard.best This included an offer to complete a partial top-down repair to buy more time. A July 14 article for the Arizona Daily Sun explored the issue through testimony from management of the country. Why did the Board decide to take this step now? These homeowners the Class believe that the Association has options to address its financial challenges. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. After the October 30th preliminary ruling, the board studied and reviewed all possibilities, along with speaking with several professionals and our attorneys. We are located on St Rte 44 just 2.5 miles east of Brownwood The association has said that any lake repair would cost millions of dollars. 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. 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. ", 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. . Give Us A Call: 1-888-452-6595.
Continental Country Club HOA in Flagstaff, AZ - HOA Resource Flagstaff City Championship Flyer Instead it has chosen to walk away from its obligations through bankruptcy reorganization, creating a stigma impacting more than 2,500 Association members. Our main desire is for members and guests, alike, to have a memorable golfing experience. 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. A 1991 class action lawsuit ruling stated the lake must remain full. What is the source of funds that are being used to pay for all the signage and banners to support the special assessment? For HOA info, property manager and board member contact, HOA fees, maintenance requests, estoppel, complaints, HOA rules & regulations, documents, amenities, real estate purchase/sales, wind mitigation requests, and architectural/landscape committee. Board Members for Continental Country Club Ro: Title Name Mailing Address Location; Dire . That would be within the discretion of the trustee. An automatic stay is a provision in the bankruptcy law that temporarily prevents creditors, collections agencies, government entities, and individuals from pursuing Continental for amounts owed. Print Subscribe Was this page helpful? That resulted in two levels. Are you looking for a great restaurant? A filing for Bankruptcy can take many forms, including a Chapter 11 Reorganization. Get up-to-the-minute news sent straight to your device. 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. By 2026, the annual dues increase will be $189. The restrictions contained in a declaration are covenants that run with the land and cannot be terminated by the owner. Continental owns and maintains the Walnut Canyon Lakes, and the Associations own experts have testified that Lake Elaine can be repaired. 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. Continental Country Club has 2,395 owners. Reorganization comes after decades of the Association kicking the can down the road. He said the HOA has several other significant expenses and issues that have prevented it from properly facing those issues. Selling the golf course is not legally a feasible option until we emerge from Chapter 11 bankruptcy. 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. Without an additional court order, the Trustee steps into the Debtors shoes and inherits any and all land restrictions, encumbrances, etc. Sean Golightly reports on the environment and the city of Flagstaff.
Pennsylvania - Wikipedia 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. The owners of these properties are also obligated to pay annual assessments to CCC based on their respective CC&Rs. I dont golf. Once that happens, and at the approval of the homeowners, selling the golf course is something that can be discussed. 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. Schedule: No open play during the off-season (Nov-Apr). If Option B is selected, the redesign will be the Associations responsibility. Wildwood, FL 34785. Is it possible to leave the HOA so we're not part of 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. 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. This included signage, team captain materials and t-shirts. The Kroger Co. In a Chapter 7 does the trustee manage the HOA? For every four gallons of water that is pumped into the lake each day, three gallons are lost to seepage into the ground. The lake level has been falling because water is seeping out despite previous attempts to seal the lake bottom. That fee would drop to $500 if the HOA begins refilling the lake and continue until it is full. President - The president of the Board presides at all meetings of the Board of Directors.
Mountain Home Craigslistidaho choose the site nearest you: boise; east There has been much misinformation about the history of Lake Elaine and the ability to maintain lakes in this area. The required work would require Engineers, Contractors, and time. 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. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. When were the clubhouse and clubhouse pool built? We also have aging facilities that require upkeep with an insignificant amount of reserves.
Is there money set aside for the management of the HOA & enforcement of CC&Rs? 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.
continental country club hoa fees The Lakeside Homeowners would lose as much as any other owner would if the bankruptcy ended in a liquidation.. 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. Court reservations required. 2380 N. Oakmont Drive, Flagstaff, AZ 86004 (928) 526-5125 www.continentalflagstaff.com . The filing for Chapter 11 reorganization stays those fines. The Continental CC course can host up to 144 golfers at a time with a shot gun start. {{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.