If I haven't yet paid my annual dues, will they still have to be paid? Lease Details & Fees Details Property Information 78 units/1 story Location 445 Orange Ave , Chula Vista , CA 91911 Get Directions This Property Available Property 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 Example turn the golf course into single-family homes. 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.. There has been much misinformation about the history of Lake Elaine and the ability to maintain lakes in this area. Flagstaff, Feb. 12, 2021 Continental Country Club is a great place to live and provides many amenities for the broader community. The lake level has been falling because water is seeping out despite previous attempts to seal the lake bottom. Who owns the property Lake Elaine is on and who is responsible for its redevelopment and construction? Give Us A Call: 1-888-452-6595. This included an offer to complete a partial top-down repair to buy more time. This anomaly resulted in 1994. If we pay the $2.5M now, were done forever, other than ongoing maintenance of the small ponds, according to Judge Ballinger. 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. In their statement, they note that lakefront homeowners have been very willing to work with [Continental] to negotiate a creative solution that would allow for repair of the lake as part of a holistic approach to address [Continentals] broad financial challenges., In their opinion, Continental has refused to meet them halfway and has tried to use the bankruptcy process to block enforcement of the 1990 Settlement Judgment and the 2020 contempt ruling., Lakeside Homeowners attempted to negotiate flexible options allowing for repair of the lake over time, the Legionnaire statement reads. 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. Email notifications are only sent once a day, and only if there are new matching items. What is the source of funds that are being used to pay for all the signage and banners to support the special assessment? So, we either pay the known $2.5 million now, or pay more later up to the $15 million? If we convert to Chapter 7, the HOA cannot be sued by Lake Elaine property owners or any other entity. Background: How did we get in this situation regarding Lake Elaine and the Bankruptcy? Dues increases and/or special assessment would have been necessary even if a professional management company was involved. These homeowners are known as Associate members. For these reasons, they continue to urge Continental residents to vote to approve the specially assessment payment of $2,000 and the 20% increase on annual dues, suggesting its the financially responsible thing to do. A reserve study is not something to be taken lightly, said lakefront resident Dan Penoff, who has nearly 30 years of experience on homeowners association boards outside of Continental. Log in, Continental Country Club HOA Chula Vista, CA, Alicante at San Miguel Ranch HOA Chula Vista, CA. Back then, the increase had to be approved in each single-family subdivision. 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. Join Us Today learn more on our membership page, Outing services feature green fees with cart, personalized cart signs, local rules sheet and much more. Are the fines associated with the October 2020 preliminary ruling being assessed currently? It bolstered the property values of homes located on the waterfront and was a gorgeous sight to see. Our clubhouse is over 50 years old and the other amenities require maintenance and repair. To him, the results of this 2020 study were disturbing.. That resulted in two levels. What happens if we vote NO (DO NOT APPROVE) or dont meet the quorum requirement after two tries? This community dates back to 1975 and has continued to develop over the years. 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. A filing for Bankruptcy can take many forms, including a Chapter 11 Reorganization. If it is to be divested, it must be accepted by a third party. 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/. When were the clubhouse and clubhouse pool built? There are condominiums, big and small, that you can purchase in the $180,000 - $300,000 price range. Based on the HOAs rules, those fees can only be raised by a two-thirds vote by all members. There are many unknowns under Chapter 7, which could include part or all of the current $15M bankruptcy claim from the lakefront owners and loss of amenities while still paying for them. The question is why. The . Payment $4,996 Price/Sq.Ft. The availability of these amenities, whether used or not, makes CCC a desirable neighborhood and increases property values. That would be within the discretion of the trustee. These membership tiers are subdivision specific. The obligation to pay dues at least at their current level runs with the land. On this point, the Legionnaires agree. The Villages, FL 32162 Directions. Flagstaff, Feb. 12, 2021 - Continental Country Club is a great place to live and provides many amenities for the broader community. Continental Country Club HOA Chula Vista, CA Before buying in Continental Country Club HOA you will want to check out their reserve funds, budgets, bylaws as well as the rules and restrictions of the community. {{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, Investigation underway after body found near Sunset Crater National Monument, Flagstaff schools planning to make up instructional time after this winter's snow days, 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, Global race is on to improve EV range in the cold, 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. By 2026, the annual dues increase will be $189. Membership in Continental is a result of home ownership. Please subscribe to keep reading. 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. Continental Country Club home prices vary from luxury homes to more affordable homes that might be perfect for first-time buyers. Helly Hansen Active Winter sulejope UUS! HOA Legal Name: CONTINENTAL COUNTRY CLUB R.O., INC. 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. The trustee is appointed to liquidate and pay, not operate. The reorganization plan imposes a one-time special assessment of $2,000. These homeowners - the "Class" - believe that the Association has options to address its financial challenges. Once that happens, and at the approval of the homeowners, selling the golf course is something that can be discussed. There was a problem saving your notification. The January newsletter provided to homeowners did reference that bankruptcy was an option that was being considered. 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! Call the Pro Shop at 352-748-3293 to reserve your tee time Welcome to Continental Country Club Are you looking for a great golf course? 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. Our members are what makes the social membership so special. Sean Golightly reports on the environment and the city of Flagstaff. Here are the top City of Flagstaff stories from 2022. There are constant ongoing repairs and improvements required for these assets that must be addressed. This includes CC&Rs enforcement on the property, common area maintenance, amenities access and social activities. Why didnt the Board give us a warning that this was going to happen? It is disingenuous for any group to shift the blame to the reserve study, and then not vote to fund the maintenance and improvements identified in the study.. 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. Continental has known about its financial challenges for years, even decades, but neglected to plan for or properly address them. Held says the bankruptcy wont close the golf course or force any layoffs and daily operations will go on as normal. 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. Will there be a special assessment to help cover some of the debts? Please subscribe to keep reading. Now, it has turned to owners for funding. The failure to plan by the association, the failure to reserve funds, have really put the association in a tough spot.. 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 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. If the Assessment and dues increase fails, and the HOA converts to Chapter 7, will the Lake Elaine lawsuit continue? There are many unknowns associated with a conversion to Chapter 7. The Continental Country Club in Flagstaff is bankrupt. The Social Membership is ideal for those living in the area that desire a place to enjoy the company of family and friends and meet other members of their community. 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. Two yeses mean $2.5M goes to either Option 1 or 2 as determined by creditors. 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. All owners of lots subject to the declaration are required to be members of Continental Country Club, Inc., per the recorded declaration. The Court further concluded that failure to plan did not equate to an inability to comply., While the Legionnaires do not deny Continentals precarious financial situation, they dont think it inhibits or excuses them from upholding legal obligations surrounding Lake Elaine. How much are you paying for these signs Im seeing, and this PR firm? Selling the golf course is not legally a feasible option until we emerge from Chapter 11 bankruptcy. At the time, it was an asset to the HOA. application fee details: $55 app fee online at our website bishoprealtygrp. to fines, and Continental Country Club HOA reserves the right to require restoration of the property to its prior condition. Jon Held, the president of the associations board of directors, said the filing will not impact day-to-day operations of the country club, including the public golf course and the Oakmont Restaurant, and won't mean any layoffs. 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. At Continental, you are more than a member; you are part of the family. Bliss said the HOA also has lots of deferred maintenance fees, while also having some of the lowest member fees in the state. The issues we are dealing with today began 30 years ago and the current board wasnt a part of. A future owner of your home may find golf or the other amenities appealing. Can a trustee remove the restrictions on the use of the golf course to sell it for maximum value? . The Lakeside Homeowners would lose as much as any other owner would if the bankruptcy ended in a liquidation.. 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. Starting in 2024, associate members would owe an additional $63 for 2024, 2025, and 2026. 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. Why am I paying for amenities I dont use? ", 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. You have permission to edit this article. Not only did the reserve study show that Continental had some monumental expenses coming up including a $600,000 balloon payment due in 2021 but that to reach a recommended level of roughly $5 million in reserve funds by 2050, Continental would have to start making massive annual contributions to the fund ranging between $310,000 and $1 million a year. Email notifications are only sent once a day, and only if there are new matching items. He recalled clear statements in meeting minutes from Continentals board of directors meeting that the reserves were significantly inadequate back in 2014., There was no follow-through, and the reserves are still woefully inadequate, Nilsson said. They might dispute the proper way to move forward with Lake Elaine, but they appear to agree that voting to approve the special assessment is necessary to help Continental emerge from bankruptcy. If we dont reach quorum on special assessment, then we can go out a second time on special assessment but must have 30% quorum (participation) that round and of that, 2/3 must vote Yes. Reserve your next round of golf with our quick and convenient online booking engine. View 17 homes in Continental Country Club listed under Lake, Marion, Sumter & West Orange Marina Golf Course Pet Friendly Waterfront 17 homes available Properties per Page Continental Country Club mostly features cozy homes that are very reasonably priced. In some cases, these problems predate the current board by years, if not decades. The perceived pattern of mismanagement plays into the perspective put forward in court by the suing class of lakefront homeowners the Lakeside Legionnaires as they call themselves. And its free! The Continental Country Club constructed Lake Elaine back in the 1970s. A 1991 class action lawsuit ruling stated the lake must remain full. 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. Number of Units: 973 Offices of the Board of Directors and their Duties The officers of the board of directors are generally president, vice-president, secretary, treasurer and member at large. The following is a statement from Lakeside Homeowners At Continental: Continental Country Clubs Financial Challenges Result From Failure to Plan and Confront Obligations. The Trustee is charged with maximizing distributions to creditors. Make sure there is an adequate amount in the reserves in case of major problems such as: roof repairs, asphalt repairs, pool issues and/or property defects. Continental Country Club Who are the members of CCC? Multi-Unit Information Community Amenities: Clubhouse, Golf, Pool/Spa, Tennis Court Parking Information Garage Type: Garage Door Opener Garage Type: Garage Capacity: 7.00 Homeowners Association Information HOA Fees: 550.00 HOA Frequency: Yearly HOA Name: Continental Country Club HOA Contact #: 928.526.5125 Without an additional court order, the Trustee steps into the Debtors shoes and inherits any and all land restrictions, encumbrances, etc. 27470 Jefferson Ave. Pizza making Mamma mia, we love this one! Mo. We do not currently expect the LFOs to elect Option A. Even more, we do all the work of the Deed Restriction for you! If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! The remaining properties consist of Townhomes, Condos and timeshares. Quick Facts Getting Around Continental Country Club Continental Country Club Learn more about this neighborhood. 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. He is a big sweetheart but a little too rough for my Pygmy Goats. Continental received $1500 in donations for marketing materials for the campaign. Will all country club members be allowed on the new redeveloped lake? We certainly are going to be involved in the bankruptcy proceeding and continue to assert our class action rights to have the lake maintained and repaired.. Learn More on our tournaments page. We have compensated by charging usage fees and not giving golf discounts to those who do not pay the full amount. . Court testimony confirmed what the Class already knew: The Lake holds water and can be fixed. I just see that as being poorly managed, Penoff said. How do timeshares fit into the funding picture? 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. The Court also imposed on CCC a $700/day fine until water began flowing into the lake at which point the fine would be reduced to $500/day until the lake was filled. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. In a media release, the HOA board seemed to attribute most of their problems to recent legal action over Lake Elaine, a man-made lake within the country club that has been the center of controversy for years. John Held, president of the board of directors for the country club sent out a letter Wednesday announcing the boards decision and the reasons why. How does the Chapter 11 filing affect me as a Continental Country Club Member? Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. What is the process required to divest the HOA of Lake Elaine? Is there a Special Assessment Payment Plan? However, a Chapter 7 panel trustee would be appointed and all decisions regarding the operations of the HOA will be made by the Trustee. Why did the Board decide to take this step now? 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. Instead it has chosen to walk away from its obligations through bankruptcy reorganization, creating a stigma impacting more than 2,500 Association members. The owners of these properties are also obligated to pay annual assessments to CCC based on their respective CC&Rs. 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. Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. Professional management associations still report to a board of directors which makes final decisions. 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. There is a one-time special assessment of $2,000. That's not true. Why are there currently some members paying different assessment rates? 3. An HOA faces bankruptcy because of its man-made lake. Joining the Continental Country Club HOA is the easiest way to protect your property's value! 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. 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. When were the clubhouse and clubhouse pool built? Full members will pay $550 annually, Associate members will pay $365 annually, Likely negative impact on property values, $15 Million Lake Elaine dispute unresolved, unknown outcome of the Lake land. 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! Continental Country Club Flagstaff, AZ 86004 Situated below Mount Elden in Flagstaff, AZ, the 18-hole championship golf course at Continental Country Club was designed by Bob E. Baldock. Get up-to-the-minute news sent straight to your device. We have the receipts. 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. 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. This one-acre park, opened in 2013, includes a playground with a swing set and a picnic table. Its those reasons why the Club went into Chapter 11 bankruptcy in February of 2021. 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. The Course is open to homeowners and timeshare owners residing within subdivisions of Continental Country Club's Homeowners Association. A July 14 article for the Arizona Daily Sun explored the issue through testimony from management of the country clubs homeowners association and other residents. 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. Still, Chapter 7 and the liquidation of assets that would follow are by no means in Continentals interests. The special assessment can be paid over two years with eight (8) quarterly payments of $261 (which includes 5% interest). This filing allows Continental and its homeowners the chance for a fresh start so we can best address several issues, Held said. HOA Documents Articles of Incorporation CC&Rs Bylaws Membership Policies If we had hired a professional HOA management team a few years ago, could we have avoided all this? Is it possible to leave the HOA so we're not part of it? Subscribe to our Daily Headlines newsletter. Our main desire is for members and guests, alike, to have a memorable golfing experience. Some of that is the result of limitations on the Associations revenues and on its ability to raise dues or impose special assessments. When will we know about the timing and amount of any assessments that will be needed? Will there be an increase to my annual assessment? (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). Deeper into Lake Elaine: Residents contend lake is not to blame for country clubs bankruptcy. 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. By the end of the year, they expected they could get that number to $125,000. 2380 N Oakmont Dr In 2006 Continental Country Club succeeded in unifying (11) different sets of CC&Rs for individual single-family subdivisions. 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. Continental Country Club - 78 Spaces is an apartment community located in San Diego County and the 91911 ZIP Code.