Still, Chapter 7 and the liquidation of assets that would follow are by no means in Continentals interests. Homes - Continental Country Club FL 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. He is a big sweetheart but a little too rough for my Pygmy Goats. Continental Golf Course Is CLOSED for the Season! Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. Zillow has 3 homes for sale in 34785 matching Continental Country Club. Continental Country Club HOA is a community located in Flagstaff, AZ (Coconino County). 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. 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. 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. Held says the bankruptcy wont close the golf course or force any layoffs and daily operations will go on as normal. So, you know, we know that the association is trying to make this look like it's the bankruptcy is all about Lake Elaine, but the association has a number of financial problems, several of which are not related to Lake Elaine, Bliss said. At Continental, you are more than a member; you are part of the family. In the mean time the proshop will still be open Tuesday- Saturday 9am-4pm. One thing to remember, you will be required to pay additional Home Owner . 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! Log in, Continental Country Club HOA in Chula Vista, CA, Terraza at Otay Ranch Village HOA in Chula Vista, CA, Chula Vista Bayfront HOA in Chula Vista, CA. The Class also estimates this temporary solution could be completed quickly in months, not years. Continental Country Club mostly features cozy homes that are very reasonably priced. 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. 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. Learn More on our tournaments page. 50 Continental Blvd. Chapter 11 Reorganization | FAQ | Communication with Members | Court Motions & Hearings | Media Announcements. 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. Deeper into Lake Elaine: Residents contend lake is not to blame for 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. Sign up for our newsletter to keep reading. (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). And its free! A big vote is underway at Continental Country Club in East Flagstaff. They want the lake fixed, Bliss said. The remaining properties consist of Townhomes, Condos and timeshares. 150 Saab tingida. If we had hired a professional HOA management team a few years ago, could we have avoided all this? View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. Bronson Creek feeds into a wetland on the east side of the park; a paved trail provides access to the wetland. HOA Legal Name: CONTINENTAL COUNTRY CLUB R.O., INC. Full members will pay $550 annually, Associate members will pay $365 annually, Likely negative impact on property values, $15 Million Lake Elaine dispute unresolved, unknown outcome of the Lake land. Come see us today! There is a one-time special assessment of $2,000. If Option A is selected from the Amended Disclosure (not expected) then the property will be deeded to the Lake Elaine Owners and become, If Option B is selected, the redesign trails and ponds will be the responsibility of the Association and. 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%. Can I see a Reserve Study Summary of expenditures broken out by amenity? What happens if 2 YES (APPROVE) for Special Assessment and Annual Dues Increase? Why am I paying for amenities I dont use? 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. 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 Four Star Homes has Properties in Adult, Family, and Senior Communities throughout Central Florida. Is there a way that the CC&Rs can be amended to give the townhome and condos the same voting rights as the single-family homeowners? The Villages, FL 32162 Directions. For every four gallons of water that is pumped into the lake each day, three gallons are lost to seepage into the ground. Continental Country Club - 78 Spaces - Apartments.com 4530 Red Fox Ln, Flagstaff, AZ 86004 | MLS# 192424 | Redfin Continental Country Club in Wildwood, Florida, USA | GolfPass If I havent yet paid my annual dues, will they still have to be paid? Even more, we do all the work of the Deed Restriction for you! CONTINENTAL COUNTRY CLUB RO, WILDWOOD FL HOA Board, Property Mgr Beginning 2024, we have three small increases to annual dues of $97 which resolves deferred maintenance and creates appropriate reserves/plan for maintaining building/grounds. In a Chapter 7 does the trustee manage the HOA? Continental Country Club Homeowners Association, Wildwood Florida Continental Country Club is a neighborhood in Wildwood, Florida. There are many types of townhomes available from $300,000 - $500,000. 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. Now, the HOA faces bankruptcy if it can't come up with $2.5 million. Continental Country Club home prices vary from luxury homes to more affordable homes that might be perfect for first-time buyers. The filing for Chapter 11 reorganization stays those fines. The plan gives the LFOs the option of taking ownership and responsibility for the property going forward and relieving CCC of all future liabilities in exchange for a onetime payment by CCC to the homeowners of $2.5 million. Continental Country Club Ro, Wildwood, FL - HOA Board, Property Mgr In 2006 Continental Country Club succeeded in unifying (11) different sets of CC&Rs for individual single-family subdivisions. All owners of lots subject to the declaration are required to be members of Continental Country Club, Inc., per the recorded declaration. Joining the Continental Country Club HOA is the easiest way to protect your property's value! Raising dues and increasing assessments is an important step to funding the reserves, Cohen's statement said. Continental Country Club General Manager Talia Murray says if approved, the one-time assessment can be paid over two years by residents and HOA fees wouldnt go up until 2024 and increase over three years. She adds however, if the plan isnt approved, Chapter 11 could turn into Chapter Seven and assets within the club could be sold off to pay for the current debt. That could mean events like, the annual Easter Egg hunt, breakfast with Santa and Lights on the Lawn could be in jeopardy. Reach him at sgolightly@azdailysun.com, on Twitter at @sean_golightly, or on Instagram at @golightly_writes. 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. 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. There was a problem saving your notification. 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! A draft reserve study has been received and is under review that shows that millions of dollars are needed over the next 10 years and through 2050. Continental Country Club | Continental Country Club Mobile Homes There was a problem saving your notification. Do all members of the HOA get to vote for the new HOA Dues and Special Assessment? Flyer Link. 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. Bliss said they believe that most of the leaks are in the upper portion of Lake Elaine and targeting repairs toward that section of the lake would go a long way in solving the problem. The reorganization plan imposes an increase to our annual assessment that will be phased in over three years beginning in 2024. 27470 Jefferson Ave. Pizza making Mamma mia, we love this one! If we pay the $2.5M now, were done forever, other than ongoing maintenance of the small ponds, according to Judge Ballinger. HOA Faces Bankruptcy Over Man-Made Lake | HOAM News - Hoa Management .com Buying a new home in the Continental area? This area is served by the Sweetwater Union High attendance zone. For HOA info, property manager and board member contact, HOA fees, maintenance requests, estoppel, complaints, HOA rules & regulations, documents, amenities, real estate purchase/sales, wind mitigation requests, and architectural/landscape committee. 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. Joining the Continental Country Club HOA is the easiest way to protect your propertys value! If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! Hobby Shop Temecula - kbstricks.it Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. Continental Country Club's HOA files for Chapter 11 bankruptcy (AZ) Then starting in 2024, full members would owe an additional $97 for 2024, 2025 and 2026. Lease Details & Fees Details Property Information 78 units/1 story Location 445 Orange Ave , Chula Vista , CA 91911 Get Directions This Property Available Property Why are there currently some members paying different assessment rates? The January newsletter provided to homeowners did reference that bankruptcy was an option that was being considered. We do support the vote for the additional funds for the homeowners association.. We have developed such a plan and are confident that if our members approve the two fees to support it, we will take a big step towards a better future for our Association, https://continentalflagstaff.com/things-to-know-the-continental-country-club-reserve-study/. The first payment would be due the same day as the due date for the special assessment. 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. 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! If APPROVED and Option A is selected, then the property will be deeded to the Lake Elaine owners. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. The owners of these properties are also obligated to pay annual assessments to CCC based on their respective CC&Rs. 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. What date did this filing for Chapter 11 Reorganization take effect? Tripadvisor Rockport Maine2 mi$$ - $$$ American Seafood Grill A filing for Bankruptcy can take many forms, including a Chapter 11 Reorganization. Log in, Continental Country Club HOA Chula Vista, CA, Alicante at San Miguel Ranch HOA Chula Vista, CA. 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. Continental Country Club - Flagstaff Golf Homes - Our Complete 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.

Bank Of America Account Number Leading Zeros, Hebbronville Funeral Home Obituaries, Eric Lomax Wife, Articles C