Too Close To Call
The votes are in for the two proposals that together would create the funds needed to support Continental Country Club’s plan to emerge from Chapter 11 protection, but for both proposals, the vote is too close to call and a recount will be done this week. General Counsel Andrianne Speas announced at Saturday’s Special Meeting […]
The Voting Process on the Two Fees
Your vote is needed on the two fees that will be required to support the Plan of Reorganization. Here’s how the voting process will work.
Amended Disclosure Statement and Next Steps
A major milestone in the Continental Country Club Chapter 11 Reorganization was reached this week with the filing of our amended Disclosure Statement.
Motion to Reject 1990 Agreement Granted
The ruling on the 1990 Amended Settlement Agreement concerning Lake Elaine will allow us to move forward with the reorganization process.
Planning for a special assessment of $2,000
How and when we are estimating that the special assessment of $2,000 could be broken out.
Fee Schedule to Support the Reorganization Plan
At the Town Hall board meeting held last month, we asked you to contact us with your opinions and comments on the proposed fees presented at that meeting. Over 40 of you took the time to contact us and that helped us understand your viewpoint on the proposed fees and other matters that were presented […]
The Town Hall Meeting Video
On Saturday, we had an extremely productive Town Hall meeting to discuss the status of Continental Country Club’s Chapter 11 filing and proposed financial mechanisms to emerge from bankruptcy protection. Many thanks to the more than 350 members who joined us for that Zoom session and the dozens of you who asked questions and offered […]
What are Homeowners Saying (or Asking)
A sampling of some of the queries and comments we have received about the Reorganization Plan, along with replies from the Board of Directors.
What If Our Members Don’t Approve?
What happens if our members do not approve the fees supporting the Chapter 11 Reorganization Plan?
The Path to Resolving Our Chapter 11 Status
This week’s blog discusses the timeline and path of resolving our Chapter 11 status.