Why Residents Are Worried
The proposed assessment could cost many owners 3-4× their annual dues up-front,
or raise monthly payments by almost 40%.
If even a handful of units default, experts warn the HOA could become insolvent, choking future mortgages and resale values.
- Emergency status questioned – engineers first flagged repairs in 2022; the roof has stayed walkable for contractors.
- Precedent for more assessments – board suggests the south roof may follow within 2–3 years.
- Transparency gaps – owners still lack full bids, reserve studies, and detailed cost breakdowns.
Your Rights Under Illinois Condo Law
Even when a board passes an assessment, owners have a statutory path to challenge any levy that exceeds 115% of last year’s total dues.
- 20% Petition – deliver signed petitions within 14 days of board approval.
- Unit-Owner Meeting – board must schedule within 30 days of receiving petitions.
- Majority Vote – unless more than 50% of all unit shares reject it, the assessment stands.
This portal is informational only and not legal advice. Consult qualified counsel for guidance.