Option #1 would be to deed the land to the 52 lakefront owners and pay them $2.5 million to repair and maintain the lake in perpetuity. Can we just abandon the property? There are many types of townhomes available from $300,000 - $500,000. Then starting in 2024, full members would owe an additional $97 for 2024, 2025 and 2026. 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. Bliss said after the court held the HOA in contempt last year, the homeowners approached the HOA about ways to move forward, but their offers were rebuffed and the HOA decided to move forward with bankruptcy instead. That's not what any of our folks want. . View Properties for Sale at Continental Country Club located in Wildwood, FL. The Villages, FL 32162 Directions. HOA Fee Includes The property cannot be abandoned. Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. For more information contact Continental Country Club Guest Services at . 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. Based on the HOAs rules, those fees can only be raised by a two-thirds vote by all members. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. If you are looking for our main website, click here. 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. This option allows us to maintain the day-to-day operations of our Club without interruption so that members and others can continue to enjoy our amenities. Will there be a special assessment to help cover some of the debts? Continental is responsible for those owners access to amenities and common area maintenance. Finally, CCCs boards have struggled to make ends meet for years, while trying to honor their pledge made in 2013 not to raise dues again for eight years. 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 If the Assessment and dues increase fails, and the HOA converts to Chapter 7, will the Lake Elaine lawsuit continue? Panda Express is expanding to east Flagstaff. 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. The work and fines until the lake was filled amounted to a lot of money that our Association does not have. In the mean time the proshop will still be open Tuesday- Saturday 9am-4pm. . Continental Country Clubs HOA files for Chapter 11 bankruptcy. For the most part, most of our Members should not be affected by this petition. To hear Peter and Daves interview with Continental Country Club General Manager Talia Murray, click here: Great Circle Media serves Flagstaff, Prescott, Sedona, and the surrounding areas with Northern Arizonas Best Radio Stations! One thing to remember, you will be required to pay additional Home Owner . At the time of the study, Continentals reserve balance was $54,291. After the October 30th preliminary ruling, the board studied and reviewed all possibilities, along with speaking with several professionals and our attorneys. Wyndham also contributes 50% of the cost of running the Fitness Center and pays for all Capital Improvements at Bear Paw + 60% of the operational day-to-day costs. This anomaly resulted in 1994. For every four gallons of water that is pumped into the lake each day, three gallons are lost to seepage into the ground. For the good of our residents and those who enjoy our facilities, it was time to take action.. 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. Each year, members may elect a new board or move to a professional management association. Flagstaff, Feb. 12, 2021 Continental Country Club is a great place to live and provides many amenities for the broader community. 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. The association has said that any lake repair would cost millions of dollars. We face possible conversion to Chapter 7 Bankruptcy and liquidation of all our assets reduced or possible loss of club amenities such as tennis, pickleball, pool, golf and clubhouse. 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. We do support the vote for the additional funds for the homeowners association.. 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. The required work would require Engineers, Contractors, and time. These membership tiers are subdivision specific. How will this affect the value of my home? Are our property assessments used for this? This option would release the Association from, Option #2 would be to spend that $2.5 million and create the new amenity. 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. Board Members for Continental Country Club Ro: Title Name Mailing Address Location; Dire . I just see that as being poorly managed, Penoff said. Copyright 2023 Continental Country Club FL All Rights Reserved. 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. 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. The Continental Country Club constructed Lake Elaine back in the 1970s. 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. So, you know, we know that the association is trying to make this look like it's the bankruptcy is all about Lake Elaine, but the association has a number of financial problems, several of which are not related to Lake Elaine, Bliss said. That fee would drop to $500 if the HOA begins refilling the lake and continue until it is full. We have the receipts. What happens if we vote NO (DO NOT APPROVE) or dont meet the quorum requirement after two tries? 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, 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. The lake level has been falling because water is seeping out despite previous attempts to seal the lake bottom. and review fee to: Continental Country Club Architectural Control Committee 2380 N. Oakmont Dr. Flagstaff, AZ 86004 Front Rear Sides Lakeside Acres I 25 25 1) 25 Lakeside Acres II & III 20 20 10 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? The question is why. The Board approved a two-tier membership now known as Associate and Full Membership to account for the difference in assessment levels. 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. . He is a big sweetheart but a little too rough for my Pygmy Goats. 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. There are a lot of different options when it comes to housing in Continental Country Club. These homeowners - the "Class" - believe that the Association has options to address its financial challenges. Are you looking for a great golf course?Are you looking for a great restaurant?Are you looking for a great 55+ retirement community?Then, youve come to the right place. Register for our eClub to receive regular offers and updates from Continental CC! If I haven't yet paid my annual dues, will they still have to be paid? Once that happens, and at the approval of the homeowners, selling the golf course is something that can be discussed. The Wyndham Timeshares (125 units) are Full Members of Continental just like all other owners. Not necessarily. When will we know about the timing and amount of any assessments that will be needed? Back then, the increase had to be approved in each single-family subdivision. {{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. That resulted in two levels. Please subscribe to keep reading. Two yeses mean $2.5M goes to either Option 1 or 2 as determined by creditors. One that was, you know, competent., Financial mismanagement reaches further back than the 2020 study, said resident John Nilsson. 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. There was a problem saving your notification. The Trustee is charged with maximizing distributions to creditors. . 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 The HOA fees in this community is about $265 to $320 a month, depending on location (golf course and waterfront lots are available) and includes lawn care and trash pick-up. CCC also had a balloon payment due in October, for $600,000. 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. Tract D (Lake Elaine) is currently owned by the Association. A 1991 class action lawsuit ruling stated the lake must remain full. 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. There has been much misinformation about the history of Lake Elaine and the ability to maintain lakes in this area. Lease Details & Fees Details Property Information 78 units/1 story Location 445 Orange Ave , Chula Vista , CA 91911 Get Directions This Property Available Property 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. There was a problem saving your notification. Print Subscribe Was this page helpful? Deeper into Lake Elaine: Residents contend lake is not to blame for country clubs bankruptcy. Chapter 11 Reorganization | FAQ | Communication with Members | Court Motions & Hearings | Media Announcements. Property Type Single Family Residential HOA Dues $46/month Year Built 1985 Community Continental Cntry Clb Lot Size 0.29 Acres MLS# 192424 Price Insights List Price $849,900 Est. junio 12, 2022. jonah bobo 2005 . 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. Fee: Continental Country Club HOA or Social Membership fee required. $273 Buyer's Agent Commission 2.5% Street View Directions Ask Redfin Agent Cody a Question Cody Bauer Flagstaff Redfin Agent You have permission to edit this article. 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. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. Email notifications are only sent once a day, and only if there are new matching items. Meeste parka Helly Hansen Continental XL UUS. Can I see a Reserve Study Summary of expenditures broken out by amenity? 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. That's not true. Who owns the property Lake Elaine is on and who is responsible for its redevelopment and construction? 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.