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Annual Budget Notification Requirements - Updated in 2016

The Illinois Condominium Property Act, which is the master set of laws that control condo associations in Illinois, is updated on a regular basis. Any changes to the Act automatically override and supercede rules that may be contained in your association's governing documents. (Declaration / Bylaws) Effective June 1, 2016, one such change to the Act is related to the requirements for when notices must be sent to unit owners when a Board adopts the annual budget. As a Board it is important that you are aware of this change, and follow the new rule, so that any budget that you...

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Sample Meeting minutes & Board member agenda

Sample Meeting minutes & Board member agenda We are making the attached documents available as a reference for board members. You can use these templates as a starting place for crafting meeting minutes and agendas for your association.    Sample Agenda: meeting_agenda_20140309-014852_1.doc Sample Board Meeting MInutes: sample_minutes_20140309-014852_1.doc

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Meeting Minutes - An overview for board members

Meeting Minutes - An overview for board members Since board meeting attendance is commonly low, how can the board keep the unit ownership up-to-date with the latest board decisions? How can the board prove that a measure, such as a special assessment, was adopted and handled legally?  Meeting Minutes.  Minutes are the written record of a condo association meeting.  The Minutes: Confirm any decisions made Record any actions taken Record who has been assigned a task or responsibility Provide information and details about the meeting for anyone who could not attend Minutes should provide an unbiased record of what board decisions...

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