Now, the association is asking homeowners to vote to approve two items a one-time fee and an increase in annual dues. 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. Is it possible to leave the HOA so we're not part of it? Please notify the Association in writing prior to the special assessment due date if interested in the payment plan, The timing for implementing the reorganization plan depends on the association receiving the funds when they are due, thus the 5% interest charge. How do timeshares fit into the funding picture? Why did the Board decide to take this step now? PDF Continental Country Club Design Review Form - Cybergolf Flagstaff, Feb. 12, 2021 - Continental Country Club is a great place to live and provides many amenities for the broader community. Continental Country Club is a neighborhood in Wildwood, Florida. Can I see a Reserve Study Summary of expenditures broken out by amenity? 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. 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. Continental Country Club Resorts, Wildwood, FL Real Estate & Homes for HOA Documents Articles of Incorporation CC&Rs Bylaws Membership Policies For the most part, most of our Members should not be affected by this petition. 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. To him, the results of this 2020 study were disturbing.. Held says the bankruptcy wont close the golf course or force any layoffs and daily operations will go on as normal. Reorganization comes after decades of the Association kicking the can down the road. The Lakeside homeowners want Continental to thrive as a strong community and healthy Association. continental country club hoa fees 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. But some lakefront residents on the other side of the legal battle have a different perspective. 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! 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. 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.
The Future starts Here