Are the fines associated with the October 2020 preliminary ruling being assessed currently? The Continental Country Club course is filled with par 3s and par 5s, offers beautiful mountain views and a friendly, neighborhood environment. There were several additions made in the 1970s. In some cases, these problems predate the current board by years, if not decades. 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. Instead it has chosen to walk away from its obligations through bankruptcy reorganization, creating a stigma impacting more than 2,500 Association members. 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. The Course is open to homeowners and timeshare owners residing within subdivisions of Continental Country Club's Homeowners Association. Get Adobe Acrobat Reader free to view these files. Background: How did we get in this situation regarding Lake Elaine and the Bankruptcy? The property cannot be abandoned. For the good of our residents and those who enjoy our facilities, it was time to take action.. At the beginning of the Chapter 11 process, we explained that values may be negatively affected. 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. To him, the results of this 2020 study were disturbing.. A filing for Bankruptcy can take many forms, including a Chapter 11 Reorganization. Sean Golightly reports on the environment and the city of Flagstaff. Not only did the reserve study show that Continental had some monumental expenses coming up including a $600,000 balloon payment due in 2021 but that to reach a recommended level of roughly $5 million in reserve funds by 2050, Continental would have to start making massive annual contributions to the fund ranging between $310,000 and $1 million a year. The availability of these amenities, whether used or not, makes CCC a desirable neighborhood and increases property values. Even more, we do all the work of the Deed Restriction for you! 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. Each year, members may elect a new board or move to a professional management association. Continental Golf Course Is CLOSED for the Season! Lease Details & Fees Details Property Information 78 units/1 story Location 445 Orange Ave , Chula Vista , CA 91911 Get Directions This Property Available Property Great Circle Media serves Flagstaff, Prescott, Sedona, and the surrounding areas with Northern Arizonas Best Radio Stations! CCC also had a balloon payment due in October, for $600,000. The owners of these properties are also obligated to pay annual assessments to CCC based on their respective CC&Rs. Chapter 11 Reorganization | FAQ | Communication with Members | Court Motions & Hearings | Media Announcements. A July 14 article for the Arizona Daily Sun explored the issue through testimony from management of the country. Quick Facts Getting Around Continental Country Club Continental Country Club Learn more about this neighborhood. Based on the HOAs rules, those fees can only be raised by a two-thirds vote by all members. Log in, Continental Country Club HOA Chula Vista, CA, Alicante at San Miguel Ranch HOA Chula Vista, CA. When will we know about the timing and amount of any assessments that will be needed? Will there be a special assessment to help cover some of the debts? 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%. 3. 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. A big vote is underway at Continental Country Club in East Flagstaff. The original clubhouse was built in 1960. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! 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. Get up-to-the-minute news sent straight to your device. What date did this filing for Chapter 11 Reorganization take effect? 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. You can cancel at any time. 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. 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. 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. Bliss said the HOA also has lots of deferred maintenance fees, while also having some of the lowest member fees in the state. 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. And it's free! It was approved in some subdivisions, but not in others, as some subdivisions expressed strong discontent with increasing the assessment because they did not see value in the use of amenities. We do think that if we are unsuccessful in approving the fees necessary to support the reorganization plan, there will likely be a negative effect on property values with the reduced or possible loss of amenities currently enjoyed by HOA members including golf course or driving range, tennis or pickleball courts, swimming pool, clubhouse and Bear Paw Recreation Center. Continental Country Club HOA is a community located in Chula Vista, CA (San Diego County). Homeowners have a duty to pay their annual dues and this holds true even while in a Chapter 11 reorganization. https://continentalflagstaff.com/fee-schedule-to-support-the-reorganization-plan/. 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. 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.. 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 obligation to pay dues at least at their current level runs with the land. We view this as an action being led by forces out of our control and hope it can be an opportunity to strengthen our Associations financial position for years to come. 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. The fee had been set to begin at the start of February, . President - The president of the Board presides at all meetings of the Board of Directors. The issues we are dealing with today began 30 years ago and the current board wasnt a part of. The January newsletter provided to homeowners did reference that bankruptcy was an option that was being considered. 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. Home to one of the best-rated public golf courses in Flagstaff, AZ. continental country club hoa fees. The Lakeside Homeowners would lose as much as any other owner would if the bankruptcy ended in a liquidation.. Contact ClubCorp for social membership dues questions: 623-742-6200 Download homeowners online payment guide. 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. Continental County Club has filed for Chapter 11 bankruptcy protection, but daily operations wont change. Bronson Creek feeds into a wetland on the east side of the park; a paved trail provides access to the wetland. Even more, we do all the work of the Deed Restriction for you! Reach him at sgolightly@azdailysun.com, on Twitter at @sean_golightly, or on Instagram at @golightly_writes. Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. 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. Dues increases and/or special assessment would have been necessary even if a professional management company was involved. They want the lake fixed, Bliss said. No true repairs have been made to the Lake since 1994. The money for the signs was donated. These properties have individual property management companies who handles their CC&R enforcement and day-to-day operation. Fee: Continental Country Club HOA or Social Membership fee required. After the October 30th preliminary ruling, the board studied and reviewed all possibilities, along with speaking with several professionals and our attorneys. Becoming a member at Continental Country Club is an investment in yourself, your family and your future. Continental Country Club Who are the members of CCC? 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! Get up-to-the-minute news sent straight to your device. Pennsylvania (/ p n s l v e n i / (); Pennsylvania German: Pennsilfaani), officially the Commonwealth of Pennsylvania, is a state spanning the Mid-Atlantic, Northeastern, Appalachian, and Great Lakes regions of the United States.It borders Delaware to its southeast, Maryland to its south, West Virginia to its southwest, Ohio to its west, Lake Erie and the Canadian province of .