27470 Jefferson Ave. Pizza making Mamma mia, we love this one! The . What are we voting on, what is the timeline/details? 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. Then, you've come to the right place. Can I see a Reserve Study Summary of expenditures broken out by amenity? Schedule: No open play during the off-season (Nov-Apr). Wildwood, FL 34785. Continental Country Club's HOA files for Chapter 11 bankruptcy (AZ) 17 Feb, 2021 Print this article Font size - 16 + In an email, the board president of the Continental Country Club HOA said the organization is facing several financial challenges, including the issue over Lake Elaine. 3. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! HOA Legal Name: CONTINENTAL COUNTRY CLUB R.O., INC. . This anomaly resulted in 1994. 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. Jon Held, the president of the associations board of directors, said the filing will not impact day-to-day operations of the country club, including the public golf course and the Oakmont Restaurant, and won't mean any layoffs. 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. If the plan is approved, Murray says there are two options that can be done with the land. Subscribe to our Daily Headlines newsletter. Our main desire is for members and guests, alike, to have a memorable golfing experience. To him, the results of this 2020 study were disturbing.. 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. Continental Country Club HOA Chula Vista, CA Before buying in Continental Country Club HOA you will want to check out their reserve funds, budgets, bylaws as well as the rules and restrictions of the community. These homeowners the Class believe that the Association has options to address its financial challenges. Court reservations required. 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. Why dont we just sell the golf course to eliminate the large expense of deferred and ongoing maintenance? Will all country club members be allowed on the new redeveloped lake? If we had hired a professional HOA management team a few years ago, could we have avoided all this? 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. Will there be an increase to my annual assessment? The remaining properties consist of Townhomes, Condos and timeshares. Tract D (Lake Elaine) is currently owned by the Association. 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 Get up-to-the-minute news sent straight to your device. 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 Trustee is charged with maximizing distributions to creditors. Finally, CCCs boards have struggled to make ends meet for years, while trying to honor their pledge made in 2013 not to raise dues again for eight years. 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. Why are there currently some members paying different assessment rates? Situated below Mount Elden in Flagstaff, AZ, the 18-hole championship golf course at Continental Country Club was designed by Bob E. Baldock. Deeper into Lake Elaine: Residents contend lake is not to blame for country clubs bankruptcy. Continental Country Club. The community is gated, includes 24/7 security and even allows pets. 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. Not necessarily. to fines, and Continental Country Club HOA reserves the right to require restoration of the property to its prior condition. Some of that is the result of limitations on the Associations revenues and on its ability to raise dues or impose special assessments. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. The benefits are endless and your experiences will last a lifetime. Reorganization comes after decades of the Association kicking the can down the road. Court testimony confirmed what the Class already knew: The Lake holds water and can be fixed. They say Lake Elaine can be fixed, and that Continental can afford it but is using bankruptcy to shirk legal obligations established in 1990, suggesting that the Lake Elaine issue is being used to distract from a bigger issue: decades of financial mismanagement. Flyer Link. 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 . 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. The restrictions contained in a declaration are covenants that run with the land and cannot be terminated by the owner. 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. The hoa policies can change with time for Continental Country Club so if you see an error please contact us so we can fix it. If the Assessment and dues increase fails, and the HOA converts to Chapter 7, will the Lake Elaine lawsuit continue? There is no definite date as to when the clubhouse pool was built; however, there is a 1979 photograph showing the pool and the two adjacent tennis courts. Unfortunately, this was the only possible conclusion, and once decided, needed to be acted upon quickly. The issues we are dealing with today began 30 years ago and the current board wasnt a part of. A member may cease paying in protest, but the trustee will ultimately have the same rights CCC currently has to enforce and compel payment ultimately filing a lien on the property and foreclosing. Yes, there is nothing inherent in Chapter 7 that dissolves the HOA. But the residents involved in the class action suit believe repairing the lake isn't nearly that expensive. Sign up for our newsletter to keep reading. Property Type Single Family Residential HOA Dues $46/month Year Built 1985 Community Continental Cntry Clb Lot Size 0.29 Acres MLS# 192424 Price Insights List Price $849,900 Est. The reorganization plan imposes an increase to our annual assessment that will be phased in over three years beginning in 2024. View Properties for Sale at Continental Country Club located in Wildwood, FL. We also have aging facilities that require upkeep with an insignificant amount of reserves. And its free! The Lake Elaine lawsuit was based on a 1990 Amended Judgement and Settlement that was rejected by the bankruptcy court earlier this year. In 2020 Continental knew it had some big expenses coming up, and the study was designed to help it figure out how to keep money in the bank. That resulted in two levels. 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. COMMUNITY TYPE: RESIDENTIAL SFH COMMUNITY LEGAL NAME: CONTINENTAL COUNTRY CLUB R.O., INC. ALSO KNOWN AS: CONTINENTAL COUNTRY CLUB TYPE OF CORPORATION: DOMNP ORIGINAL CORPORATION FILING DATE: 05221989 COMMUNITY ID NUMBER: N32426 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. Four Star Homes has Properties in Adult, Family, and Senior Communities throughout Central Florida. How does the Chapter 11 filing affect me as a Continental Country Club Member? CCC also had a balloon payment due in October, for $600,000. Main: (928) 526-5125Oakmont: (928) 526-7990Golf Shop: (928) 527-7997Bear Paw: (928) 522-1588, 2023 CONTINENTAL COUNTRY CLUB ALL RIGHTS RESERVED. More information on the voting process for residents of the neighborhood can be found at continentalflagstaff.com/the-voting-process-on-the-two-fees/. Great Circle Media serves Flagstaff, Prescott, Sedona, and the surrounding areas with Northern Arizonas Best Radio Stations! Contrary to the Associations statements, a partial repair would cost nowhere near the millions of dollars suggested by the Association. The Boards decision to take this step relied on a three-pronged financial problem that was accelerated after the October 30th preliminary ruling of finding CCC in contempt for having not maintained Lake Elaine consistent with a 1990 Consent Decree, discussed below. Were empathetic to those on fixed incomes, and offer payment plans to ease burdens. The Lakeside Homeowners would lose as much as any other owner would if the bankruptcy ended in a liquidation.. Give Us A Call: 1-888-452-6595. Held says the work would take time and millions of dollars. The CC&Rs govern 1,210 single family homes. 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 They don't want to claim for damages. Is it possible to leave the HOA so we're not part of it? Here are the top City of Flagstaff stories from 2022. A future owner of your home may find golf or the other amenities appealing. 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. Continental Golf Course Is CLOSED for the Season! Why am I paying for amenities I dont use? $273 Buyer's Agent Commission 2.5% Street View Directions Ask Redfin Agent Cody a Question Cody Bauer Flagstaff Redfin Agent . Held says the bankruptcy wont close the golf course or force any layoffs and daily operations will go on as normal. We are located on St Rte 44 just 2.5 miles east of Brownwood Lease Details & Fees Details Property Information 78 units/1 story Location 445 Orange Ave , Chula Vista , CA 91911 Get Directions This Property Available Property The Course is open to homeowners and timeshare owners residing within subdivisions of Continental Country Club's Homeowners Association. A 2019 report from engineering firm Terracon evaluated that the lower lake elevation would have relative stability. The same report concluded, however, that any plan should include the eventual replacement of the liner below this elevation., Outlined in their amended disclosure statement, Continental has included a small lake option in its plan to emerge from bankruptcy, but with one caveat: the club no longer want to be responsible for maintaining the lake. These homeowners - the "Class" - believe that the Association has options to address its financial challenges. Continental Country Club's HOA files for Chapter 11 bankruptcy Adrian Skabelund Feb 17, 2021 Updated Mar 24, 2021 0 Cracked limestone makes up the karst geologic formation beneath a worn-out. It bolstered the property values of homes located on the waterfront and was a gorgeous sight to see. That's not what any of our folks want. 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.
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