Without an additional court order, the Trustee steps into the Debtors shoes and inherits any and all land restrictions, encumbrances, etc. When were the clubhouse and clubhouse pool built? The Ferraro Groups contract and the previous Cindy May Marketing contract are for the same amount. 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. 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! The work and fines until the lake was filled amounted to a lot of money that our Association does not have. The Board President of the Homeowners Association of Continental Country Club in Flagstaff, . That fee would drop to $500 if the HOA begins refilling the lake, and continue until it is full. 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! 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. Fee: Continental Country Club HOA or Social Membership fee required. In 2017, residents came back and asked the court to hold the HOA in contempt for not following through on its mandate to keep the lake full. In a Chapter 7 does the HOA remain in place? Copyright 2023 Continental Country Club FL All Rights Reserved. Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. 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. . Ensure continued use of our club amenities and environment. Indeed, in a letter to HOA members, Held said the organization also has a $600,000 balloon payment on a loan taken out in 2011 for the installation of a new irrigation system. We are located on St Rte 44 just 2.5 miles east of Brownwood Becoming a member at Continental Country Club is an investment in yourself, your family and your future. ", The issue is further complicated by the fact that Continental and the Legionnaires cant seem to agree on how much it would cost to repair and maintain even a small lake option. Beyond the potential Lake Elaine obligations, we have a 50-year-old building, and numerous amenities. Continental Country Club is a neighborhood in Wildwood, Florida. Continental has known about its financial challenges for years, even decades, but neglected to plan for or properly address them. *Country Club Homeowners: This amount is for quarterly dues only and is separate from mandatory social membership dues. Here are the top City of Flagstaff stories from 2022. If I haven't yet paid my annual dues, will they still have to be paid? Home to one of the best-rated public golf courses in Flagstaff, AZ. 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. Bliss said the HOA also has lots of deferred maintenance fees, while also having some of the lowest member fees in the state. 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. The Court further concluded that failure to plan did not equate to an inability to comply., While the Legionnaires do not deny Continentals precarious financial situation, they dont think it inhibits or excuses them from upholding legal obligations surrounding Lake Elaine. An automatic stay is a provision in the bankruptcy law that temporarily prevents creditors, collections agencies, government entities, and individuals from pursuing Continental for amounts owed. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). 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. 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. 3. {{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. The amount of a one-time special assessment and annual dues increases has been discussed earlier in this section as well as in several Things to Know messages. Continental Country Club. We will keep our facilities open and our employees will be working to ensure business as usual. Come see us today! Yes, on November 16, 2021 the board unanimously passed a one-time resolution allowing townhome/condominium members a vote on the two fees that are required to support the reorganization plan. But Bliss also took issue with the HOAs suggestion that the issue over Lake Elaine was the primary cause of the bankruptcy. 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. Can we just abandon the property? The Country Inn at Camden Rockport Show prices Enter dates to see prices 505 reviews #1 Best Value of 15 places to stay in Rockport By Allyson R "The staff is fantastic, the room clean and comfortable, the continental breakfast delicious and hot. Can I see a Reserve Study Summary of expenditures broken out by amenity? Why are there currently some members paying different assessment rates? Lease Details & Fees Details Property Information 78 units/1 story Location 445 Orange Ave , Chula Vista , CA 91911 Get Directions This Property Available Property 2380 N. Oakmont Drive, Flagstaff, AZ 86004 (928) 526-5125 www.continentalflagstaff.com . How much are you paying for these signs Im seeing, and this PR firm? The Continental Country Club constructed Lake Elaine back in the 1970s. This would include 4-5 ponds, walking trails, benches, limited parking and would be open to, With either option, and assuming successful confirmation of our reorganization plan by the bankruptcy court, we have no ongoing legal obligation to continue any litigation from lakefront homeowners. The property cannot be abandoned. Some of that is the result of limitations on the Associations revenues and on its ability to raise dues or impose special assessments. Tract D (Lake Elaine) is currently owned by the Association. Our clubhouse is over 50 years old and the other amenities require maintenance and repair. What date did this filing for Chapter 11 Reorganization take effect? 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 These properties have individual property management companies who handles their CC&R enforcement and day-to-day operation. One that was, you know, competent., Financial mismanagement reaches further back than the 2020 study, said resident John Nilsson. What is the difference between Chapter 11 Reorganization and Bankruptcy? For more information contact Continental Country Club Guest Services at . Learn More on our tournaments page. This option would release the Association from, Option #2 would be to spend that $2.5 million and create the new amenity. Deeper into Lake Elaine: Residents contend lake is not to blame for country clubs bankruptcy. All Single-Family homes governed by the CC&Rs are obligated to pay an annual lot assessment. 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. This anomaly resulted in 1994. 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!

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