PDF Continental Country Club Design Review Form - Cybergolf 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. If you are looking for our main website, click here. 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. Our clubhouse is over 50 years old and the other amenities require maintenance and repair. The Villages, FL 32162 Directions. What remains to be seen is whether Continental will get the votes they need to avoid Chapter 7, what will finally become of the contentious Lake Elaine,and whether the organization will be able to repair its financial situation in the long run. Continental Country Club Ro, Wildwood, FL - HOA Board, Property Mgr Membership - Continental Country Club Come see us today! Here are the top City of Flagstaff stories from 2022. Sean Golightly reports on the environment and the city of Flagstaff. We do support the vote for the additional funds for the homeowners association.. Is it possible to leave the HOA so we're not part of it? 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. There is a one-time special assessment of $2,000. 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. They want the lake fixed, Bliss said. 4927 E Mount Pleasant Dr, Flagstaff, AZ 86004 - Redfin In the mean time the proshop will still be open Tuesday- Saturday 9am-4pm. It bolstered the property values of homes located on the waterfront and was a gorgeous sight to see. Continental Country Club has 2,395 owners. These membership tiers are subdivision specific. The community is gated, includes 24/7 security and even allows pets. Below you can find information for the homeowners association including HOA fee includes, community features and amenities. 4530 Red Fox Ln, Flagstaff, AZ 86004 | MLS# 192424 | Redfin We do not currently expect the LFOs to elect Option A. From AU$247 per night on Tripadvisor: Starlight Lodge at Rockport Harbor, Rockport. 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. Are you looking for a great restaurant? If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! For the good of our residents and those who enjoy our facilities, it was time to take action.. Continental Country Clubs HOA files for Chapter 11 bankruptcy. What is the source of funds that are being used to pay for all the signage and banners to support the special assessment? 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Continental Country Club | Continental Country Club Mobile Homes 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. When will we know about the timing and amount of any assessments that will be needed? Book Your Tee Time on our EZLinks tee times page in a new tab, In addition to championship golf, we offer tennis courts, a fitness center, a swimming pool and social events! 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. Is there money set aside for the management of the HOA & enforcement of CC&Rs? Give Us A Call: 1-888-452-6595. Each year, members may elect a new board or move to a professional management association. 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. 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. This included an offer to complete a partial top-down repair to buy more time. 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! However, the CC&Rs needed to be combined with the assessments at the amounts approved by each individual subdivision at that time. If we pay the $2.5M now, were done forever, other than ongoing maintenance of the small ponds, according to Judge Ballinger. What is the difference between Chapter 11 Reorganization and Bankruptcy? That fee would drop to $500 if the HOA begins refilling the lake, and continue until it is full. 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. The truth is that the Association has simply failed to perform any real repair or maintenance of the Lake for 27 years now. That fee would drop to $500 if the HOA begins refilling the lake and continue until it is full. The work and fines until the lake was filled amounted to a lot of money that our Association does not have. For the most part, most of our Members should not be affected by this petition. Is there a Special Assessment Payment Plan? Flyer Link. Held says the work would take time and millions of dollars. 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. Continental Country Club HOA in Chula Vista, CA 219 4. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. The special assessment can be paid over two years with eight (8) quarterly payments of $261 (which includes 5% interest). Arizona HOA Faces Bankruptcy Over Man-Made Lake (renews at {{format_dollars}}{{start_price}}{{format_cents}}/month + tax). So long as CCC owns the property, at a minimum, it will remain liable for public safety/nuisance issues and dam maintenance obligations with the State of Arizona. Subscribe to our Daily Headlines newsletter. Were voting for a smaller cost now ($2,000 to cover the $2.5M), to protect ourselves from possible larger costs later, unending litigation and the $15 million claim of the LFOs that could not be addressed any other way outside of bankruptcy, to protect our amenities and eradicate Lake Elaine issues. The Lakeside Homeowners would lose as much as any other owner would if the bankruptcy ended in a liquidation.. Continental Country Club's HOA files for Chapter 11 bankruptcy Learn More on our tournaments page. There were several additions made in the 1970s. Now, the association is asking homeowners to vote to approve two items a one-time fee and an increase in annual dues. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. You know, we think a partial repair could have been done for as little as $600,000, said attorney Jason Bliss with the office of Aspey Watkins and Diesel, who is representing the homeowners. These properties have individual property management companies who handles their CC&R enforcement and day-to-day operation. Background: How did we get in this situation regarding Lake Elaine and the Bankruptcy? Staffed with talented and devoted professionals, Continental Country Club is among the area's best-rated public courses. 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. The Ferraro Groups contract and the previous Cindy May Marketing contract are for the same amount. Join Us Today learn more on our membership page, Outing services feature green fees with cart, personalized cart signs, local rules sheet and much more. Then starting in 2024, full members would owe an additional $97 for 2024, 2025 and 2026. Continental Country Club - 34785 Real Estate - 3 Homes For Sale - Zillow Homeowners have a duty to pay their annual dues and this holds true even while in a Chapter 11 reorganization. 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