Why am I paying for amenities I dont use? What date did this filing for Chapter 11 Reorganization take effect? Continental Country Club - 78 Spaces is an apartment community located in San Diego County and the 91911 ZIP Code. https://continentalflagstaff.com/motion-to-reject-1990-agreement-granted/. Continental Country Club is a neighborhood in Wildwood, Florida. After the October 30th preliminary ruling, the board studied and reviewed all possibilities, along with speaking with several professionals and our attorneys. The association has said that any lake repair would cost millions of dollars. 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. I just see that as being poorly managed, Penoff said. Joining the Continental Country Club HOA is the easiest way to protect your propertys value! If the home is not associated with the Homeowners Association youre invited to deed restrict the property with CCC and become part of the Club! Main: (928) 526-5125Oakmont: (928) 526-7990Golf Shop: (928) 527-7997Bear Paw: (928) 522-1588, 2023 CONTINENTAL COUNTRY CLUB ALL RIGHTS RESERVED. In a statement to the Arizona Daily Sun, Continental attorney Scott Cohen said, While Continental certainly has obligations other than the Lakefront Group, such as addressing its appropriate capital reserves to ensure proper maintenance of its amenities and common areas, this was not the primary cause for the bankruptcy filing.. Panda Express is expanding to east Flagstaff. The Board had to consider how it could meet the obligations and fill the lake to a level that, according to experts, has never been sustainable. But Bliss also took issue with the HOAs suggestion that the issue over Lake Elaine was the primary cause of the bankruptcy. However, a Chapter 7 panel trustee would be appointed and all decisions regarding the operations of the HOA will be made by the Trustee. Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. They are down to earth, fun-loving people that enjoy spending time together laughing over great food and refreshing drinks. The owners of these properties are also obligated to pay annual assessments to CCC based on their respective CC&Rs. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! Its those reasons why the Club went into Chapter 11 bankruptcy in February of 2021. Log in, Continental Country Club HOA in Flagstaff, AZ, Forest Highlands Golf Club HOA in Flagstaff, AZ, Railroad Springs Townhomes HOA in Flagstaff, AZ. By the end of the year, they expected they could get that number to $125,000. 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. . Will all country club members be allowed on the new redeveloped lake? The question is why. 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. *Country Club Homeowners: This amount is for quarterly dues only and is separate from mandatory social membership dues. The Continental Country Club in Flagstaff is bankrupt. If we had hired a professional HOA management team a few years ago, could we have avoided all this? The funds usually have strict criteria for how they are to be used. A 1991 class action lawsuit ruling stated the lake must remain full. 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. But, in the 1990s, disaster struck. And it's free! By 2026, the annual dues increase will be $291. 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. 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Membership in Continental is a result of home ownership. Instead it has chosen to walk away from its obligations through bankruptcy reorganization, creating a stigma impacting more than 2,500 Association members. The fee had been set to begin at the start of February, . From AU$247 per night on Tripadvisor: Starlight Lodge at Rockport Harbor, Rockport. 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. The Board President of the Homeowners Association of Continental Country Club in Flagstaff, . Below you can find information for the homeowners association including HOA fee includes, community features and amenities. 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. 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! . These homeowners are known as Associate members. 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. 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. Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. The Class has been very willing to work with the Association to negotiate an equitable solution that would allow for a temporary repair of the Lake as part of a holistic approach to address the Associations broad financial challenges. Quite honestly, I can't imagine a professional management company letting this happen. 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 Continental Country Club. A filing for Bankruptcy can take many forms, including a Chapter 11 Reorganization. They pay the full membership dues and receive the same benefits. Flagstaff, Feb. 12, 2021 - Continental Country Club is a great place to live and provides many amenities for the broader community. 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.. Deeper into Lake Elaine: Residents contend lake is not to blame for country clubs bankruptcy. That would be within the discretion of the trustee. Continental Country Club Resorts, Wildwood Real Estate & Homes for Sale 13 Homes Sort by Relevant Listings Brokered by Four Star Home Brokers, Inc. For Sale $180,000 2 bed 2 bath 1,056 sqft 6,711. Flagstaff City Championship Flyer Selling the golf course is not legally a feasible option until we emerge from Chapter 11 bankruptcy. Meeste parka Helly Hansen Continental XL UUS. . 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. In the mean time the proshop will still be open Tuesday- Saturday 9am-4pm. Were voting for a smaller cost now ($2,000 to cover the $2.5M), to protect ourselves from possible larger costs later, unending litigation and the $15 million claim of the LFOs that could not be addressed any other way outside of bankruptcy, to protect our amenities and eradicate Lake Elaine issues. 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%. First used to store water for the golf course, Lake Elaine is now only aesthetic, but has been leaking water for decades. This included an offer to complete a partial top-down repair to buy more time. There were several additions made in the 1970s. 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. 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. The Continental Country Club course is filled with par 3s and par 5s, offers beautiful mountain views and a friendly, neighborhood environment. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. But some lakefront residents on the other side of the legal battle have a different perspective. We do not currently expect the LFOs to elect Option A. This included signage, team captain materials and t-shirts. But the residents involved in the class action suit believe repairing the lake isn't nearly that expensive. The availability of these amenities, whether used or not, makes CCC a desirable neighborhood and increases property values.
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