Lakewood Village October 2021 Newsletter

OCTOBER 2021

NEIGHBORHOOD UPDATE News and Updates from the Lakewood Village Homeowner's Association Board of Directors

CCC Bankruptcy Update Continental Country Club Homeowner's Association (CCC), the master association governing ours and the surrounding community, entered into Chapter 11 bankruptcy in February.

“This filing allows Continental and its homeowners the chance for a fresh start so we can best address several issues,” said Jon Held, president of the CCC Board of Directors.

The problems underlying CCC's Chapter 11 reorganization case must be resolved through a bankruptcy reorganization. A disclosure statement and Reorganization Plan was filed on October 8.

Members must vote to fund the plan.

The CCC Board will hold a town hall meeting to discuss specifics regarding options for special assessments and/or annual dues adjustments. This town hall meeting is currently scheduled for 9 a.m. on Saturday, Oct. 23 via Zoom.

INSIDE THIS EDITION CC&R Updates Helpful Reminders Paint Scheme Preview

The Lakewood Village Homeowner's Association Board of Directors encourages all neighbors to attend and participate in this meeting of the Continental Country Club Homeowner's Association.

CC&R Updates Committee chair nominated A committee has been formed to address updates within our association governing documents. Mr. Steve Yates has been nominated by the Board to chair this committee. The committee will: Ensure legal and compliance needs Advise updates to use restrictions Align across all governing documents This work is already underway and the Board has contracted with legal counsel to assist in bringing these documents up to date. The Board is soliciting additional homeowner participation in this process.

If interested, please contact Mr. Yates at (480) 7473508 or steve.yates@sytec-consulting.com Current association documents are posted at: https://peaks-hoa.com/property/lakewood-village/

REMINDER If you are making changes to your property, they must be approved by the Architectural Review Committee. You can download a request form on our website at:

https://peaks-hoa.com/

CC&R's are also available online and dictate which improvements require approval.

ANNUAL DUES

MARK YOUR CALENDARS Account statement will be sent in December Balance is due on or before due date Past due balances will be assessed late fees Set up auto payments online using TOPS* * Just send an email to marlene@peaks-hoa.com to receive an invitation. Please put “Homeowner Portal” in the subject line for faster response.

SIDING, FASCIA, TRIM

GOT DAMAGE?

MAINTENANCE AND REPAIRS Please report all maintenance and repair issues to Peaks HOA Management Company for resolution.

Watch your water bill this winter!

As our community ages, many of the "stop and waste" valves throughout the neighborhood have begun to fail. As these are part of the irrigation system, the HOA will repair them if you notice a leak or problem. Please contact Peaks HOA Management to request a repair.

Peaks HOA Management Company 1016 W University Ave, Suite 203 Flagstaff, AZ 86001-2996 Phone: (928) 556-1461 Fax: (888) 607-7292 Emergency: (928) 310-6783 https://peaks-hoa.com/ Board of Directors Dennis Mayfield - President Ryan Ewing - Vice President Rhonda Cashman - Sec. / Treas.

Chris Heinrich - Director Frank Medina - Director

These are new Board-approved paint colors.

Both will alternate throughout the community.

For comments, email info@peaks-hoa.com