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Articles filed under Condominiums

Will higher natural gas bills sink condo's budget?

BY DAVID M. BENDOFF
Jun 11, 2022 7:00 AM - Q: The 2022 budget for our association includes a line item for natural gas. It looks like the actual cost for the year is going to be substantially higher than the amount budgeted. Does the board have to obtain owner approval for this increase in expense?
Association can file a joint appeal of assessments

By David M. Bendoff
Jun 4, 2022 7:00 AM - Q: The owners in our association are complaining loudly about the substantial increase in the real estate taxes for their units. How can the board of directors file a group tax appeal for all of the units?
Bensenville extends sale deadline for developer

Daily Herald report
Jan 14, 2021 1:24 PM - Bensenville has extended the deadline for a developer to acquire a village-owned property at the northwest corner of Main and Center streets.
Attempt to remove Prospect Heights condo board unsuccessful

By Ema Sasic
Aug 3, 2017 6:58 PM - An attempt by condo owners in the Prospect Heights River Trails Condominium Assocation to remove their board of directors failed.
Prospect Heights residents protest plans to convert condos to apartments

By Christopher Placek
May 22, 2017 9:16 PM - Residents of the River Trails condominiums in Prospect Heights protested plans on Monday to sell the 16-building, 360-unit complex to a developer who would convert the condos to apartments.
Changes coming in law for condo associations

BY DAVID M. BENDOFF
Dec 17, 2016 5:00 AM - This is the first of two columns that provides a summary of the amendments to the Common Interest Community Association Act and to the Condominium Property Act that will be effective Jan. 1.
Assessment notices are not required

BY DAVID M. BENDOFF
Dec 3, 2016 7:00 AM - Q. Under the Condominium Property Act, is the owner of a unit obligated to pay the monthly assessment whether or not he receives a monthly statement from the association?
Reserve fund issues are subject to debate

BY DAVID M. BENDOFF
Nov 19, 2016 6:00 AM - Q. Our condominium association had a reserve study done over a year ago. The reserve study recommended an annual increase in the reserve funds of more than $30,000 for each of the next five years. Some board members claim it would be a breach of their fiduciary duty if the board does not follow this reserve study recommendation.
Lease or sale of condo can remain private

Sep 3, 2016 5:00 AM - Q. As a townhouse owner, am I entitled to see a list of the units that are rented in my association? I am concerned that too many units are being leased in the association. This certainly impacts my ownership greatly. I read your column every week and would appreciate it if you could address this.
Lester: Could state holdup doom plan for Aurora's old Copley Hospital?

By Kerry Lester
Oct 19, 2015 6:37 AM - An Aurora businessman has a detailed plan to redevelop the city's abandoned old Copley Hospital, old Waubonsee College and the Crosby-Hobbs building for about $65 million. But he says he's running out of time to get the project underway because of the state budget stalemate, columnist Kerry Lester writes.

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