Two yeses mean $2.5M goes to either Option 1 or 2 as determined by creditors. What are we voting on, what is the timeline/details? 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 .
4927 E Mount Pleasant Dr, Flagstaff, AZ 86004 - Redfin Log in, Continental Country Club HOA Chula Vista, CA, Alicante at San Miguel Ranch HOA Chula Vista, CA. There are condominiums, big and small, that you can purchase in the $180,000 - $300,000 price range.
PDF Continental Country Club Design Review Form - Cybergolf 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. The owners of these properties are also obligated to pay annual assessments to CCC based on their respective CC&Rs.
A Big Vote Is Underway At Continental Country Club and review fee to: Continental Country Club Architectural Control Committee 2380 N. Oakmont Dr. Flagstaff, AZ 86004 Front Rear Sides Lakeside Acres I 25 25 1) 25 Lakeside Acres II & III 20 20 10 First used to store water for the golf course, Lake Elaine is now only aesthetic, but has been leaking water for decades. The CC&Rs govern 1,210 single family homes. When were the clubhouse and clubhouse pool built? If the Assessment and dues increase fails, and the HOA converts to Chapter 7, will the Lake Elaine lawsuit continue? The special assessment can be paid over two years with eight (8) quarterly payments of $261 (which includes 5% interest).
Cont Country Club HOA Flagstaff, AZ - HOA Community 4530 Red Fox Ln, Flagstaff, AZ 86004 | MLS# 192424 | Redfin The truth is that the Association has simply failed to perform any real repair or maintenance of the Lake for 27 years now. It has asked residents to vote to approve a $2,000 special assessment payment and a 20% increase in annual dues to help the country club emerge from bankruptcy and turn Lake Elaine into something less costly. 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. 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. 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. 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 also have aging facilities that require upkeep with an insignificant amount of reserves.
Continental Country Club HOA in Flagstaff, AZ - HOA Resource 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. 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. With huge increases in minimum wage, increasing expenses related to repairing, replacing and maintaining facilities, and rising water costs, along with the contempt action, sanctions, and order, and after exploring all other options, there was no other possible decision. 2011 Sunwest loan with Oct. 2021 balloon payment due, Deferred and anticipated club amenity maintenance, Decades-long Lake Elaine lawsuit with potential daily fines of up to $700 per day and restoration of a full lake. Is it possible to leave the HOA so we're not part of it? 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. Helly Hansen Active Winter sulejope UUS! The fee had been set to begin at the start of February, . Get up-to-the-minute news sent straight to your device. Posted about 2 hours ago $2,950 / 3br - 1145ft2 - Beautifully remodeled 3bed,2bath in Green Mountain home!1 WEEK FREE* (461 S. $3,875 / 1br - 682ft 2 - One bedroom home with vaulted ceiling and balcony .
Continental Country Club's HOA files for Chapter 11 bankruptcy (AZ) Unfortunately, this was the only possible conclusion, and once decided, needed to be acted upon quickly. 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. Buying a new home in the Continental area? Register for our eClub to receive regular offers and updates from Continental CC! 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. Continental Country Club HOA is a community located in Flagstaff, AZ (Coconino County).
Continental Country Club | Continental Country Club Mobile Homes The court ruled in October the man-made lake must be repaired and the association would be fined $700 a day until work started, then lowered to $500 a day until work was completed. 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%. We will keep our facilities open and our employees will be working to ensure business as usual. HOA Legal Name: CONTINENTAL COUNTRY CLUB R.O., INC. Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. The fee had been set to begin at the start of February, but due to the bankruptcy, it has been put on hold. That fee would drop to $500 if the HOA begins refilling the lake, and continue until it is full. This anomaly resulted in 1994. For the good of our residents and those who enjoy our facilities, it was time to take action.. A July 14 article for the Arizona Daily Sun explored the issue through testimony from management of the country. Its those reasons why the Club went into Chapter 11 bankruptcy in February of 2021. 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. This included signage, team captain materials and t-shirts. But [Continental] withdrew from those discussions and instead filed for bankruptcy., One of these flexible options that the Legionnaires indicated would be acceptable to them is a plan to refill Lake Elaine to a lower elevation below where a majority of the lakes liner failure and leaks have been occurring. Why are there currently some members paying different assessment rates?
Continental Country Club HOA Chula Vista, CA All owners of lots subject to the declaration are required to be members of Continental Country Club, Inc., per the recorded declaration. Continental owns and maintains the Walnut Canyon Lakes, and the Associations own experts have testified that Lake Elaine can be repaired. At the time, it was an asset to the HOA. Round Table Discussions will be held on every, We will also be having Town Hall Meetings for everyone who is interested in attending. The criteria is based on the HOA community rules and regulations, bylaws and accountability. .
Continental Country Club - Eileen Taggart - Brokered by Exp Realty 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. Are the fines associated with the October 2020 preliminary ruling being assessed currently? At the time of the study, Continentals reserve balance was $54,291. We are located on St Rte 44 just 2.5 miles east of Brownwood Bliss said after the court held the HOA in contempt last year, the homeowners approached the HOA about ways to move forward, but their offers were rebuffed and the HOA decided to move forward with bankruptcy instead. This option would release the Association from, Option #2 would be to spend that $2.5 million and create the new amenity. If you choose to deed restrict with CCC HOA, the Annual Dues for the current year will be waived! A 1991 class action lawsuit ruling stated the lake must remain full. Beyond the potential Lake Elaine obligations, we have a 50-year-old building, and numerous amenities. If we convert to Chapter 7, the HOA cannot be sued by Lake Elaine property owners or any other entity. Here, golfers find a quiet and peaceful round of golf at what feels like a destination club. There are a lot of different options when it comes to housing in Continental Country Club. The Board approved a two-tier membership now known as Associate and Full Membership to account for the difference in assessment levels. 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. 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. Homeowners have a duty to pay their annual dues and this holds true even while in a Chapter 11 reorganization. That's not true. HOA Fee Includes In their statement, they note that lakefront homeowners have been very willing to work with [Continental] to negotiate a creative solution that would allow for repair of the lake as part of a holistic approach to address [Continentals] broad financial challenges., In their opinion, Continental has refused to meet them halfway and has tried to use the bankruptcy process to block enforcement of the 1990 Settlement Judgment and the 2020 contempt ruling., Lakeside Homeowners attempted to negotiate flexible options allowing for repair of the lake over time, the Legionnaire statement reads. Our members will be voting to approve this fee which will be necessary for the reorganization plan to move forward. The perceived pattern of mismanagement plays into the perspective put forward in court by the suing class of lakefront homeowners the Lakeside Legionnaires as they call themselves. At Continental, you are more than a member; you are part of the family. Is it possible to leave the HOA so we're not part of it? The question is why. For every four gallons of water that is pumped into the lake each day, three gallons are lost to seepage into the ground. Without an additional court order, the Trustee steps into the Debtors shoes and inherits any and all land restrictions, encumbrances, etc. The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. Fee: Continental Country Club HOA or Social Membership fee required. Still, Chapter 7 and the liquidation of assets that would follow are by no means in Continentals interests.
Homes - Continental Country Club FL The court agreed, and a daily fee of $700 was placed on the HOA for not filling the lake. Fixing the lake to accommodate the mandated water level would require extensive work including repairs to the dam, repairs to the liner between the 6,835 and 6,845 levels or the possible replacement of the entire liner, and sinkhole repairs.