. Thank you to everyone who came out and play, we are looking forward to some exciting changes in-store for next year. For the most part, most of our Members should not be affected by this petition. 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. If APPROVED and Option A is selected, then the property will be deeded to the Lake Elaine owners. Is it possible to leave the HOA so we're not part of it? . Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. That fee would drop to $500 if the HOA begins refilling the lake, and continue until it is full. If you are looking for our main website, click here. The Continental Country Club in Flagstaff is bankrupt. More information on the voting process for residents of the neighborhood can be found at continentalflagstaff.com/the-voting-process-on-the-two-fees/. Subscribe to our Daily Headlines newsletter. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. This included signage, team captain materials and t-shirts. No true repairs have been made to the Lake since 1994. The community is gated, includes 24/7 security and even allows pets. 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. 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. If it is to be divested, it must be accepted by a third party. A Flagstaff man is behind bars, charged with aggravated DUI and kidnapping. 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. Round Table Discussions will be held on every, We will also be having Town Hall Meetings for everyone who is interested in attending. Chapter 11 Reorganization | FAQ | Communication with Members | Court Motions & Hearings | Media Announcements. Will there be a special assessment to help cover some of the debts? Becoming a member at Continental Country Club is an investment in yourself, your family and your future. The special assessment will go into effect immediately and the annual dues increase, phased over three years, is estimated to begin in 2024. https://continentalflagstaff.com/planning-for-a-special-assessment-of-2000/, As the CC&Rs are currently written, townhome and condos have the right to vote on special assessments and on annual assessment increases of over 20%. What are we voting on, what is the timeline/details? Before buying in Cont Country Club HOA you will want to check out their reserve funds, budgets, bylaws as well as the rules and restrictions of the community. 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. However, even if we cant use amenities, were still required to pay annual lot assessment fees even when unable to use amenities. The obligation to pay dues at least at their current level runs with the land. The criteria is based on the HOA community rules and regulations, bylaws and accountability. For every four gallons of water that is pumped into the lake each day, three gallons are lost to seepage into the ground. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. Reorganization comes after decades of the Association kicking the can down the road. The hoa policies can change with time for Continental Country Club so if you see an error please contact us so we can fix it. Ensure continued use of our club amenities and environment. 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. The property cannot be abandoned. There were several additions made in the 1970s. Membership in Continental is a result of home ownership. Starting in 2024, associate members would owe an additional $63 for 2024, 2025, and 2026. continental country club hoa fees. Voting to approve these additional funds ends July 28. Four Star Homes has Properties in Adult, Family, and Senior Communities throughout Central Florida. 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. Professional management associations still report to a board of directors which makes final decisions. 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. Then starting in 2024, full members would owe an additional $97 for 2024, 2025 and 2026. 2380 N. Oakmont Drive, Flagstaff, AZ 86004 (928) 526-5125 www.continentalflagstaff.com . 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. 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. How does the Chapter 11 filing affect me as a Continental Country Club Member? 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. The . 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. 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. Not necessarily. Come see us today! Why are there currently some members paying different assessment rates? Get up-to-the-minute news sent straight to your device. 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 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. Flagstaff, AZ 86004, Call Continental Country Club at (928) 526-5125, on our EZLinks tee times page in a new tab. First used to store water for the golf course, Lake Elaine is now only aesthetic, but has been leaking water for decades. (link to message). Can a trustee remove the restrictions on the use of the golf course to sell it for maximum value? What happens if 2 YES (APPROVE) for Special Assessment and Annual Dues Increase? https://continentalflagstaff.com/what-if-our-members-dont-approve/. In the mean time the proshop will still be open Tuesday- Saturday 9am-4pm. There are a lot of different options when it comes to housing in Continental Country Club. Example turn the golf course into single-family homes. 150 Saab tingida. 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. The Kroger Co. 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. This filing allows Continental and its homeowners the chance for a fresh start so we can best address several issues, Held said. There was a problem saving your notification. application fee details: $55 app fee online at our website bishoprealtygrp. 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. 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. Held says the bankruptcy wont close the golf course or force any layoffs and daily operations will go on as normal. Now, the HOA faces bankruptcy if it can't come up with $2.5 million. Subscribe to our Daily Headlines newsletter. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. 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. 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. A 1991 class action lawsuit ruling stated the lake must remain full. 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 These membership tiers are subdivision specific. 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. I just see that as being poorly managed, Penoff said. The Board President of the Homeowners Association of Continental Country Club in Flagstaff, . The association has said that any lake repair would cost millions of dollars. 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. In their amended disclosure statement, the Legionnaires claim the trouble with Lake Elaine is not that its impossible to maintain, but that the Association [Continental] has simply failed to perform any real repair or maintenance of the Lake for nearly 30 years. They say their perspective was upheld in 2020 by the courts, noting that [Continental] argued then, and argues now, that it does not have enough money to fund Lake Elaine repair, but that did not persuade the Coconino Superior Court, which concluded that the Association knew it had a responsibility to maintain the lake but failed to do so.
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