Continental is responsible for those owners access to amenities and common area maintenance. In 2006 Continental Country Club succeeded in unifying (11) different sets of CC&Rs for individual single-family subdivisions. Residents are deciding whether or not to approve a raise in HOA fees and a one-time special assessment of $2,000. The required work would require Engineers, Contractors, and time. ", 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. This one-acre park, opened in 2013, includes a playground with a swing set and a picnic table. Option #1 would be to deed the land to the 52 lakefront owners and pay them $2.5 million to repair and maintain the lake in perpetuity. Buying a new home in the Continental area? Sean Golightly reports on the environment and the city of Flagstaff. The reorganization plan imposes a one-time special assessment of $2,000. Lake Elaine did not cause Continental to file bankruptcy, but the Class can potentially be a partner finding practical solutions to address the Associations financial constraints for the benefit of all members. 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. The Ferraro Groups contract and the previous Cindy May Marketing contract are for the same amount. *Country Club Homeowners: This amount is for quarterly dues only and is separate from mandatory social membership dues. Wildwood, FL 34785. Elden Thursday, Jeronimo Vasquez Named District 2 Supervisor, 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. A July 14 article for the Arizona Daily Sun explored the issue through testimony from management of the country. Selling the golf course is not legally a feasible option until we emerge from Chapter 11 bankruptcy. 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. It bolstered the property values of homes located on the waterfront and was a gorgeous sight to see. In November, the chain announced the first CFC would be built in Monroe, OH, near its home base of Cincinnati. The trustee is appointed to liquidate and pay, not operate. The owners of these properties are also obligated to pay annual assessments to CCC based on their respective CC&Rs. 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. 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.. But Bliss also took issue with the HOAs suggestion that the issue over Lake Elaine was the primary cause of the bankruptcy. Continental Country Club has 2,395 owners. Can I see a Reserve Study Summary of expenditures broken out by amenity? How will this affect the value of my home? I dont golf. 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. He recalled clear statements in meeting minutes from Continentals board of directors meeting that the reserves were significantly inadequate back in 2014., There was no follow-through, and the reserves are still woefully inadequate, Nilsson said. 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 filing for Chapter 11 reorganization stays those fines. 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. Are you looking for a great golf course?Are you looking for a great restaurant?Are you looking for a great 55+ retirement community?Then, youve come to the right place. 219 4. 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. The community is gated, includes 24/7 security and even allows pets. Are you looking for a great 55+ retirement community? Becoming a member at Continental Country Club is an investment in yourself, your family and your future. Then, you've come to the right place. 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.. For these reasons, they continue to urge Continental residents to vote to approve the specially assessment payment of $2,000 and the 20% increase on annual dues, suggesting its the financially responsible thing to do. Panda Express is expanding to east Flagstaff. There were several additions made in the 1970s. By 2026, the annual dues increase will be $189. At the time, it was an asset to the HOA. There are constant ongoing repairs and improvements required for these assets that must be addressed. This filing allows Continental and its homeowners the chance for a fresh start so we can best address several issues, Held said. CCC also had a balloon payment due in October, for $600,000. So, we either pay the known $2.5 million now, or pay more later up to the $15 million? {{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. If Option B is selected, the redesign will be the Associations responsibility. First used to store water for the golf course, Lake Elaine is now only aesthetic, but has been leaking water for decades. 3. The fee had been set to begin at the start of February, . Two yeses mean $2.5M goes to either Option 1 or 2 as determined by creditors. Board Members for Continental Country Club Ro: Title Name Mailing Address Location; Dire . We do support the vote for the additional funds for the homeowners association.. The Villages, FL 32162 Directions. This included an offer to complete a partial top-down repair to buy more time. 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. Print Subscribe Was this page helpful? 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. Why am I paying for amenities I dont use? Get up-to-the-minute news sent straight to your device. In a Chapter 7 does the trustee manage the HOA? Our members are what makes the social membership so special. If we had hired a professional HOA management team a few years ago, could we have avoided all this? 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. Not necessarily. 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.
Capcut Background Remover,
Hardee's General Manager Salary,
Red White And Boom 2022 Lexington Ky,
Articles C
