Cracked limestone makes up the karst geologic formation beneath a worn-out section of concrete and plastic liner on the edge of Lake Elaine in the Continental Country Club in this 2016 photo. And its free! The Continental Country Club in Flagstaff is bankrupt. 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. Beyond the potential Lake Elaine obligations, we have a 50-year-old building, and numerous amenities. There is no definite date as to when the clubhouse pool was built; however, there is a 1979 photograph showing the pool and the two adjacent tennis courts. Print Subscribe Was this page helpful? He is a big sweetheart but a little too rough for my Pygmy Goats. You can cancel at any time. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. The Trustee is charged with maximizing distributions to creditors. Zillow has 3 homes for sale in 34785 matching Continental Country Club. What date did this filing for Chapter 11 Reorganization take effect? The reorganization plan imposes a one-time special assessment of $2,000. 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. The Continental Country Club course is filled with par 3s and par 5s, offers beautiful mountain views and a friendly, neighborhood environment. 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. 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. Lake Elaine did not cause Continental to file bankruptcy, but the Class can potentially be a partner finding practical solutions to address the Associations financial constraints for the benefit of all members. 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. If the plan is approved, Murray says there are two options that can be done with the land. Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. Homeowners have a duty to pay their annual dues and this holds true even while in a Chapter 11 reorganization. An HOA faces bankruptcy because of its man-made lake. The issues we are dealing with today began 30 years ago and the current board wasnt a part of. 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. How do timeshares fit into the funding picture? The question is why. All owners of lots subject to the declaration are required to be members of Continental Country Club, Inc., per the recorded declaration. 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. Why are there currently some members paying different assessment rates? Two yeses mean $2.5M goes to either Option 1 or 2 as determined by creditors. The biggest problem over the years has been Lake Elaine, which has been an issue for nearly 30 years, with costs and fines building over time. 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. 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. We do support the vote for the additional funds for the homeowners association.. Continental owns and maintains the Walnut Canyon Lakes, and the Associations own experts have testified that Lake Elaine can be repaired. Trees are falling in Flagstaff and have been compromised as a result of recent winter storms. junio 12, 2022. jonah bobo 2005 . Here are the top City of Flagstaff stories from 2022. It is not clear how the bankruptcy might impact the Lake Elaine issue, but Bliss said it could lead to a situation where the HOA is able to eliminate the lake but pay the surrounding homeowners for the reduced value of their homes. This anomaly resulted in 1994. 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. Main: (928) 526-5125Oakmont: (928) 526-7990Golf Shop: (928) 527-7997Bear Paw: (928) 522-1588, 2023 CONTINENTAL COUNTRY CLUB ALL RIGHTS RESERVED. Back then, the increase had to be approved in each single-family subdivision. There are many unknowns associated with a conversion to Chapter 7. Continental received $1500 in donations for marketing materials for the campaign. 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. Why didnt the Board give us a warning that this was going to happen? The lake level has been falling because water is seeping out despite previous attempts to seal the lake bottom. 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.. For the good of our residents and those who enjoy our facilities, it was time to take action.. Continental Country Club HOA is a community located in Chula Vista, CA (San Diego County). This discount allows members & guests to enjoy the lowest rates offered on our rack card. At the time, it was an asset to the HOA. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! In the mean time the proshop will still be open Tuesday- Saturday 9am-4pm. A filing for Bankruptcy can take many forms, including a Chapter 11 Reorganization. They want the lake fixed, Bliss said. 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. Helly Hansen Active Winter sulejope UUS! Give Us A Call: 1-888-452-6595. That's not true. Copyright 2023 Continental Country Club FL All Rights Reserved. And it's free! One thing to remember, you will be required to pay additional Home Owner . The money for the signs was donated. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. For the most part, most of our Members should not be affected by this petition. There is a one-time special assessment of $2,000. 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. What remains to be seen is whether Continental will get the votes they need to avoid Chapter 7, what will finally become of the contentious Lake Elaine,and whether the organization will be able to repair its financial situation in the long run. Tract D (Lake Elaine) is currently owned by the Association. Still, Chapter 7 and the liquidation of assets that would follow are by no means in Continentals interests. The trustee is appointed to liquidate and pay, not operate. 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. 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. When will we know about the timing and amount of any assessments that will be needed? Situated below Mount Elden in Flagstaff, AZ, the 18-hole championship golf course at Continental Country Club was designed by Bob E. Baldock. Continental Country Club's HOA files for Chapter 11 bankruptcy Adrian Skabelund Feb 17, 2021 Updated Mar 24, 2021 0 Cracked limestone makes up the karst geologic formation beneath a worn-out. He said the HOA has several other significant expenses and issues that have prevented it from properly facing those issues. The Continental Country Club constructed Lake Elaine back in the 1970s. That fee would drop to $500 if the HOA begins refilling the lake and continue until it is full. Unfortunately, this was the only possible conclusion, and once decided, needed to be acted upon quickly. Bronson Creek feeds into a wetland on the east side of the park; a paved trail provides access to the wetland. The obligation to pay dues at least at their current level runs with the land. Meeste parka Helly Hansen Continental XL UUS. Reach him at sgolightly@azdailysun.com, on Twitter at @sean_golightly, or on Instagram at @golightly_writes. Once that happens, and at the approval of the homeowners, selling the golf course is something that can be discussed. Joining the Continental Country Club HOA is the easiest way to protect your property's value! 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. The Villages, FL 32162 Directions. . This area is served by the Sweetwater Union High attendance zone. 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. Most of it, though, is the result of the Associations failure to plan and its collective failure to confront issues and take proactive steps to address them. Flyer Link. Other factors include a $600-thousand balloon payment coming due on a loan that was taken out in 2011 to complete installation of a new irrigation system on the course, and additional costs far exceeded the revenue generated by HOA fees. We pay a special assessment one-time fee of $2,000 and assuming success in the bankruptcy court, we are DONE with Lake Elaine issue forever! I dont golf. Court reservations required. 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. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. Joining the Continental Country Club HOA is the easiest way to protect your propertys value! Continental has known about its financial challenges for years, even decades, but neglected to plan for or properly address them. Are the fines associated with the October 2020 preliminary ruling being assessed currently? Why did the Board decide to take this step now? https://continentalflagstaff.com/motion-to-reject-1990-agreement-granted/. The intent in filing Chapter 11 Reorganization was to give CCC the opportunity to develop a reorganization plan and develop a solid financial footing for the future. Please subscribe to keep reading. The Lake Elaine lawsuit was based on a 1990 Amended Judgement and Settlement that was rejected by the bankruptcy court earlier this year. Voting to approve these additional funds ends July 28. application fee details: $55 app fee online at our website bishoprealtygrp. Sean Golightly reports on the environment and the city of Flagstaff. More information on the voting process for residents of the neighborhood can be found at continentalflagstaff.com/the-voting-process-on-the-two-fees/. Is there a Special Assessment Payment Plan? The Ferraro Groups contract and the previous Cindy May Marketing contract are for the same amount. 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. The failure to plan by the association, the failure to reserve funds, have really put the association in a tough spot.. What happens if we vote NO (DO NOT APPROVE) or dont meet the quorum requirement after two tries? HOA Legal Name: CONTINENTAL COUNTRY CLUB, INC. Reserve funds are used for large projects such as replacements or repairs within the homeowners association. Log in, Continental Country Club HOA Chula Vista, CA, Alicante at San Miguel Ranch HOA Chula Vista, CA. Sign up for our newsletter to keep reading.
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