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. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. 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. While the pending contempt order and associated fines were the catalyst for this action, there were also underlying considerations including an October 21 obligation to pay a $600,000 balloon payment incurred when funds were borrowed to install a new golf course irrigation system in October 2011. The truth is that the Association has simply failed to perform any real repair or maintenance of the Lake for 27 years now. Reserve your next round of golf with our quick and convenient online booking engine. 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! This included an offer to complete a partial top-down repair to buy more time. This included signage, team captain materials and t-shirts. 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. 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. Membership in Continental is a result of home ownership. 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. This community dates back to 1975 and has continued to develop over the years. Sean Golightly reports on the environment and the city of Flagstaff. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. 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. . You have permission to edit this article. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! Contrary to the Associations statements, a partial repair would cost nowhere near the millions of dollars suggested by the Association. If it is to be divested, it must be accepted by a third party. 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 Back then, the increase had to be approved in each single-family subdivision. Unfortunately, this was the only possible conclusion, and once decided, needed to be acted upon quickly. Give Us A Call: 1-888-452-6595. The money for the signs was donated. 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! 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. Meeste parka Helly Hansen Continental XL UUS. The Wyndham Timeshares (125 units) are Full Members of Continental just like all other owners. The fee had been set to begin at the start of February, but due to the bankruptcy, it has been put on hold. Flyer Link. The original clubhouse was built in 1960. When will we know about the timing and amount of any assessments that will be needed? And its free! Is there a Special Assessment Payment Plan? 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. 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. The Ferraro Groups contract and the previous Cindy May Marketing contract are for the same amount. Get up-to-the-minute news sent straight to your device. 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.. 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. Are you looking for a great 55+ retirement community? HOA Legal Name: CONTINENTAL COUNTRY CLUB R.O., INC. What is the difference between Chapter 11 Reorganization and Bankruptcy? There was a problem saving your notification. 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 failure to plan by the association, the failure to reserve funds, have really put the association in a tough spot.. Professional management associations still report to a board of directors which makes final decisions. If the plan is approved, Murray says there are two options that can be done with the land. Will there be a special assessment to help cover some of the debts? Voting to approve these additional funds ends July 28. 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. When were the clubhouse and clubhouse pool built? Sign up for our newsletter to keep reading. Even more, we do all the work of the Deed Restriction for you! But, in the 1990s, disaster struck. We will keep our facilities open and our employees will be working to ensure business as usual. That's not true. The benefits are endless and your experiences will last a lifetime. Then, you've come to the right place. In their disclosure statement, Continental says they are informed and believe that the Lakefront Group has separately evaluated [the small lake option] and has concluded that the costs of implementing [this option] are significantly less than [Continentals] $3 million estimate, but discussions between the parties to date have not been able to reconcile these differences., In either case, to the Legionnaires, being handed the deed to the lake is not an attractive option, and it asks the lakefront owners to take on the problem that [Continental] created. What they want is for Continental to take responsibility for the lake repair and also pay some money toward the Lakeside Homeowners attorneys fees which are damages that the Lakeside Homeowners have suffered as a result of [Continentals] rejection of the 1990 Settlement Judgment.. . The costs are too much of a burden for members on a fixed income? Thank you to everyone who came out and play, we are looking forward to some exciting changes in-store for next year. 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. There are constant ongoing repairs and improvements required for these assets that must be addressed. 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. The January newsletter provided to homeowners did reference that bankruptcy was an option that was being considered. 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. Starting in 2024, associate members would owe an additional $63 for 2024, 2025, and 2026. And it's free! At the beginning of the Chapter 11 process, we explained that values may be negatively affected. 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. The Coconino County Superior Court agreed, and for this reason found the Association in contempt of the 1990 Judgment, imposing daily sanctions to encourage compliance. 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. By 2026, the annual dues increase will be $291. Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. Will there be an increase to my annual assessment? For the most part, most of our Members should not be affected by this petition. The Continental Country Club constructed Lake Elaine back in the 1970s. Four Star Homes has Properties in Adult, Family, and Senior Communities throughout Central Florida. Even more, we do all the work of the Deed Restriction for you! 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. More information on the voting process for residents of the neighborhood can be found at continentalflagstaff.com/the-voting-process-on-the-two-fees/. 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. Subscribe to our Daily Headlines newsletter. 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. For more information contact Continental Country Club Guest Services at . 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. What is the source of funds that are being used to pay for all the signage and banners to support the special assessment? The Course is open to homeowners and timeshare owners residing within subdivisions of Continental Country Club's Homeowners Association. Are our property assessments used for this? Trees are falling in Flagstaff and have been compromised as a result of recent winter storms. 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.. Why dont we just sell the golf course to eliminate the large expense of deferred and ongoing maintenance? 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. to fines, and Continental Country Club HOA reserves the right to require restoration of the property to its prior condition. What about the special assessment or other fees? 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%. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. To him, the results of this 2020 study were disturbing.. 50 Continental Blvd. Is it possible to leave the HOA so we're not part of it? These properties have individual property management companies who handles their CC&R enforcement and day-to-day operation. Continental Country Club Who are the members of CCC? 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. How does the Chapter 11 filing affect me as a Continental Country Club Member? 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. 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. Ensure continued use of our club amenities and environment. We do not currently expect the LFOs to elect Option A. Held says the bankruptcy wont close the golf course or force any layoffs and daily operations will go on as normal. So long as CCC owns the property, at a minimum, it will remain liable for public safety/nuisance issues and dam maintenance obligations with the State of Arizona. Quite honestly, I can't imagine a professional management company letting this happen. What happens if we vote NO (DO NOT APPROVE) or dont meet the quorum requirement after two tries? The Continental Country Club in Flagstaff is bankrupt. That's not what any of our folks want. The question is why. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. This area is served by the Sweetwater Union High attendance zone. Register for our eClub to receive regular offers and updates from Continental CC! 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.. Its those reasons why the Club went into Chapter 11 bankruptcy in February of 2021. That would be within the discretion of the trustee. 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. How much are you paying for these signs Im seeing, and this PR firm?