Contrary to the Associations statements, a partial repair would cost nowhere near the millions of dollars suggested by the Association. Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. Now, it has turned to owners for funding. That fee would drop to $500 if the HOA begins refilling the lake, and continue until it is full. continental country club hoa fees. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. 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. Without an additional court order, the Trustee steps into the Debtors shoes and inherits any and all land restrictions, encumbrances, etc. The Class has been very willing to work with the Association to negotiate an equitable solution that would allow for a temporary repair of the Lake as part of a holistic approach to address the Associations broad financial challenges. Still, Chapter 7 and the liquidation of assets that would follow are by no means in Continentals interests. Flagstaff, Feb. 12, 2021 Continental Country Club is a great place to live and provides many amenities for the broader community. A member may cease paying in protest, but the trustee will ultimately have the same rights CCC currently has to enforce and compel payment ultimately filing a lien on the property and foreclosing. The truth is that the Association has simply failed to perform any real repair or maintenance of the Lake for 27 years now. This would include 4-5 ponds, walking trails, benches, limited parking and would be open to, With either option, and assuming successful confirmation of our reorganization plan by the bankruptcy court, we have no ongoing legal obligation to continue any litigation from lakefront homeowners. Why did the Board decide to take this step now? At the time, it was an asset to the HOA. For more information contact Continental Country Club Guest Services at . There were several additions made in the 1970s. 3. 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. By 2026, the annual dues increase will be $189. These homeowners - the "Class" - believe that the Association has options to address its financial challenges. 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! And its free! This discount allows members & guests to enjoy the lowest rates offered on our rack card. (link to message). How do timeshares fit into the funding picture? However, the CC&Rs needed to be combined with the assessments at the amounts approved by each individual subdivision at that time. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. The Lakeside Homeowners would lose as much as any other owner would if the bankruptcy ended in a liquidation.. 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. Ensure continued use of our club amenities and environment. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! But the residents involved in the class action suit believe repairing the lake isn't nearly that expensive. That's not what any of our folks want. Contact ClubCorp for social membership dues questions: 623-742-6200 Download homeowners online payment guide. Zillow has 3 homes for sale in 34785 matching Continental Country Club. Continental Country Club. The Lake Elaine lawsuit was based on a 1990 Amended Judgement and Settlement that was rejected by the bankruptcy court earlier this year. Even more, we do all the work of the Deed Restriction for you! However, even if we cant use amenities, were still required to pay annual lot assessment fees even when unable to use amenities. The special assessment can be paid over two years with eight (8) quarterly payments of $261 (which includes 5% interest). 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. The court ruled in October the man-made lake must be repaired and the association would be fined $700 a day until work started, then lowered to $500 a day until work was completed. 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. In the mean time the proshop will still be open Tuesday- Saturday 9am-4pm. We do think that if we are unsuccessful in approving the fees necessary to support the reorganization plan, there will likely be a negative effect on property values with the reduced or possible loss of amenities currently enjoyed by HOA members including golf course or driving range, tennis or pickleball courts, swimming pool, clubhouse and Bear Paw Recreation Center. The . The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. At Continental, you are more than a member; you are part of the family. Why are there currently some members paying different assessment rates? No true repairs have been made to the Lake since 1994. There are condominiums, big and small, that you can purchase in the $180,000 - $300,000 price range. 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. Continental County Club has filed for Chapter 11 bankruptcy protection, but daily operations wont change. Background: How did we get in this situation regarding Lake Elaine and the Bankruptcy? 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. There are constant ongoing repairs and improvements required for these assets that must be addressed. We do support the vote for the additional funds for the homeowners association.. President - The president of the Board presides at all meetings of the Board of Directors. The Continental Country Club course is filled with par 3s and par 5s, offers beautiful mountain views and a friendly, neighborhood environment. 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. A Flagstaff man is behind bars, charged with aggravated DUI and kidnapping. 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" 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. What date did this filing for Chapter 11 Reorganization take effect? The CC&Rs govern 1,210 single family homes. Is there money set aside for the management of the HOA & enforcement of CC&Rs? Lake Elaine is not the reason for Continental Country Club's bankruptcy, it was only one of the straws to fall after years of what, in my opinion, is gross mismanagement.. It is difficult to predict how the trustee will act, but generally speaking trustees wind up operations quickly after appointment and liquidate assets as fast as possible. Instead it has chosen to walk away from its obligations through bankruptcy reorganization, creating a stigma impacting more than 2,500 Association members. This includes CC&Rs enforcement on the property, common area maintenance, amenities access and social activities. The availability of these amenities, whether used or not, makes CCC a desirable neighborhood and increases property values. What are we voting on, what is the timeline/details? 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. The Country Inn at Camden Rockport Show prices Enter dates to see prices 505 reviews #1 Best Value of 15 places to stay in Rockport By Allyson R "The staff is fantastic, the room clean and comfortable, the continental breakfast delicious and hot. From AU$247 per night on Tripadvisor: Starlight Lodge at Rockport Harbor, Rockport. Round Table Discussions will be held on every, We will also be having Town Hall Meetings for everyone who is interested in attending. The Continental Country Club constructed Lake Elaine back in the 1970s. The filing for Chapter 11 reorganization stays those fines. The first payment would be due the same day as the due date for the special assessment. Helly Hansen Active Winter sulejope UUS! Dues increases and/or special assessment would have been necessary even if a professional management company was involved.
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