to fines, and Continental Country Club HOA reserves the right to require restoration of the property to its prior condition. HOA Fee Includes 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. 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. 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. 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. What is the source of funds that are being used to pay for all the signage and banners to support the special assessment? The remaining properties consist of Townhomes, Condos and timeshares. In a media release, the HOA board seemed to attribute most of their problems to recent legal action over Lake Elaine, a man-made lake within the country club that has been the center of controversy for years. 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. We are located on St Rte 44 just 2.5 miles east of Brownwood, CLICK IMAGE TO REGISTER FOR IMPORTANT EMAILS WITH IMPORTANT INFORMATION, KINDLE AND ANDROID USERS: CLICK HERE TO DOWNLOAD OUR APP, Resident, Dan Kane compiled an informative list of links to the areaclick below:CCC HELPFUL LINKS, 50 Continental Blvd., Highway 44 East, Wildwood, Florida 34785. Is it possible to leave the HOA so we're not part of it? Then starting in 2024, full members would owe an additional $97 for 2024, 2025 and 2026. Membership in Continental is a result of home ownership. The first payment would be due the same day as the due date for the special assessment. Continental owns and maintains the Walnut Canyon Lakes, and the Associations own experts have testified that Lake Elaine can be repaired. If I haven't yet paid my annual dues, will they still have to be paid? Beyond the potential Lake Elaine obligations, we have a 50-year-old building, and numerous amenities. 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. The lake level has been falling because water is seeping out despite previous attempts to seal the lake bottom. 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. Continental County Club has filed for Chapter 11 bankruptcy protection, but daily operations wont change. In a recent newsletter to Continental residents, General Manager Tahlia Murray confirmed that if unable to emerge from Chapter 11 Bankruptcy and forced to file Chapter 7 Bankruptcy, the Lake Elaine lawsuit would cease, as the HOA cannot be sued by Lake Elaine property owners or any other entity under Chapter 7. Come see us today! The question is why. 27470 Jefferson Ave. Pizza making Mamma mia, we love this one! The reason for the increases are due to ongoing financial concerns involving Lake Elaine, a $600-thousand balloon payment due regarding irrigation of the golf course and ongoing deferred maintenance to some of the amenities. The Continental Country Club constructed Lake Elaine back in the 1970s. Great Circle Media serves Flagstaff, Prescott, Sedona, and the surrounding areas with Northern Arizonas Best Radio Stations! He said the HOA has several other significant expenses and issues that have prevented it from properly facing those issues. 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. At the beginning of the Chapter 11 process, we explained that values may be negatively affected. When were the clubhouse and clubhouse pool built? This one-acre park, opened in 2013, includes a playground with a swing set and a picnic table. At the time, it was an asset to the HOA. Other factors include a $600-thousand balloon payment coming due on a loan that was taken out in 2011 to complete installation of a new irrigation system on the course, and additional costs far exceeded the revenue generated by HOA fees. One thing to remember, you will be required to pay additional Home Owner . With some of the lowest homeowner fees in the state less than $46 a month along with a golf course, driving range, clubhouse and other amenities the Association has the ability to generate greater revenues to pay for its obligations and update aging facilities. The special assessment can be paid over two years with eight (8) quarterly payments of $261 (which includes 5% interest). HOA Documents Articles of Incorporation CC&Rs Bylaws Membership Policies The CC&Rs govern 1,210 single family homes. This included an offer to complete a partial top-down repair to buy more time. 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. 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. In November, the chain announced the first CFC would be built in Monroe, OH, near its home base of Cincinnati. Trees are falling in Flagstaff and have been compromised as a result of recent winter storms. It bolstered the property values of homes located on the waterfront and was a gorgeous sight to see. That fee would drop to $500 if the HOA begins refilling the lake and continue until it is full. No true repairs have been made to the Lake since 1994. There are many unknowns associated with a conversion to Chapter 7. Zillow has 3 homes for sale in 34785 matching Continental Country Club. 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. Subscribe to our Daily Headlines newsletter. The Wyndham Timeshares (125 units) are Full Members of Continental just like all other owners. 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. This offer was rejected, and the Class finds it unfortunate that the Association refused to further negotiate before moving forward with Chapter 11 in secret with no transparency or consultation of any members. Based on the HOAs rules, those fees can only be raised by a two-thirds vote by all members. 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. Get up-to-the-minute news sent straight to your device. We do not currently expect the LFOs to elect Option A. Thank you to everyone who came out and play, we are looking forward to some exciting changes in-store for next year. If we pay the $2.5M now, were done forever, other than ongoing maintenance of the small ponds, according to Judge Ballinger. An HOA faces bankruptcy because of its man-made lake. In their amended disclosure statement, the Legionnaires claim the trouble with Lake Elaine is not that its impossible to maintain, but that the Association [Continental] has simply failed to perform any real repair or maintenance of the Lake for nearly 30 years. They say their perspective was upheld in 2020 by the courts, noting that [Continental] argued then, and argues now, that it does not have enough money to fund Lake Elaine repair, but that did not persuade the Coconino Superior Court, which concluded that the Association knew it had a responsibility to maintain the lake but failed to do so. Raising dues and increasing assessments is an important step to funding the reserves, Cohen's statement said. These properties have individual property management companies who handles their CC&R enforcement and day-to-day operation. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. The association has said that any lake repair would cost millions of dollars. Some of that is the result of limitations on the Associations revenues and on its ability to raise dues or impose special assessments. Lake Elaine is not the reason for Continental Country Club's bankruptcy, it was only one of the straws to fall after years of what, in my opinion, is gross mismanagement.. Once that happens, and at the approval of the homeowners, selling the golf course is something that can be discussed. The funds usually have strict criteria for how they are to be used. View 17 homes in Continental Country Club listed under Lake, Marion, Sumter & West Orange Marina Golf Course Pet Friendly Waterfront 17 homes available Properties per Page First used to store water for the golf course, Lake Elaine is now only aesthetic, but has been leaking water for decades. This includes CC&Rs enforcement on the property, common area maintenance, amenities access and social activities. We don't yet know what the ultimate effect of that bankruptcy will be on the finding of contempt or on the long-term future at the lake. Flagstaff, Feb. 12, 2021 - Continental Country Club is a great place to live and provides many amenities for the broader community. 50 Continental Blvd. 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. Example turn the golf course into single-family homes. View Properties for Sale at Continental Country Club located in Wildwood, FL. Now, the HOA faces bankruptcy if it can't come up with $2.5 million. 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. The Court also imposed on CCC a $700/day fine until water began flowing into the lake at which point the fine would be reduced to $500/day until the lake was filled. Why am I paying for amenities I dont use? Quick Facts Getting Around Continental Country Club Continental Country Club Learn more about this neighborhood. 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! There was a problem saving your notification. Flagstaff, Feb. 12, 2021 Continental Country Club is a great place to live and provides many amenities for the broader community. application fee details: $55 app fee online at our website bishoprealtygrp. Not currently but we hope that our members will approve the two fees required to support the reorganization plan that will provide our HOA with a healthier and stronger future. Flyer Link. Print Subscribe Was this page helpful? (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). We do support the vote for the additional funds for the homeowners association.. However, the CC&Rs needed to be combined with the assessments at the amounts approved by each individual subdivision at that time. There are constant ongoing repairs and improvements required for these assets that must be addressed. . {{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, Flagstaff schools planning to make up instructional time after this winter's snow days, Investigation underway after body found near Sunset Crater National Monument, 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, continentalflagstaff.com/the-voting-process-on-the-two-fees/, City of Flagstaff Year in Review: Housing, transportation key considerations as city develops, 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, Greece train crash: Public anger grows as death toll rises.