HomeMy WebLinkAboutORDINANCE - 1432 - 1/13/1981 - CONDO CONVERSIONS AMENDEDORDINANCE 140, 1432
AN ORDINANCE AMENDING THE MUNICIPAL
CODE OF THE VILLAGE OF ELK GROVE VILLAGE
BY ADDING THERETO CHAPTER 10, REGULATING
CONDOMINIUM CONVERSIONS
BE IT ORDAINED by the President and Board of Trustees of
the Village of Elk Grove Village, Cook County, Illinois, as
follows:
Section 1: That in accordance with the powers and authority
vested in the Village of Elk Grove Village under the Constitution
of the State of Illinois and in exercise of its home rule powers,
the Municipal Code of the Village of Elk Grove Village be and
the same is hereby amended by adding thereto Chapter 10, said
Chapter to be entitled "Regulating Condominium Conversions,"
and shall read as follows:
CHAPTER 10
REGULATING CONDOMINIUM CONVERSIONS
ARTICLE I
GENERAL
10.101 PURPOSE. The President and Board of Trustees of
the Village of Elk Grove Village, having found and determined
that a considerable portion of the Village's rental housing
may be converted to condominium status; that the prospective
purchasers of these condominium units are often without know-
ledge of the unique concepts of ownership involved; that pro-
spective buyers often have little factual basis presented to
them on which to make a decision; and that in order to provide
buyers of condominium units with basic information by which to
make an intelligent housing choice and promote the health, safety
and welfare of the people, it is necessary and appropriate for
the Village to require that developers of condominium conversions
prepare and distribute information deemed relevant to the buyers
of this tvoe of residential Drouerty.
10.102 SCOPE/APPLICATION. The provisions of this Chapter
shall apply only to residential conversion condominiums, as that
term is herein defined, within the Village of Elk Grove Village.
10.103 DEFINITIONS. .For the purposes of this chapter,
the following words and phrases shall have the meanings respectively
ascribed to them by this section:
Act means the "Condominium Property Act," as amended from time
to time, of the State of Illinois.
Agent means any person, fiim, partnership, association, joint venture,
corporation or any other entity or combination of entities who
represents or acts for or on behalf of a developer in selling
or offering to sell any condominium unit.
Blanket Encumbrance means a trust deed, mortgage, judgment or other
lien or encumbrance, including an option or contract to sell or
a trust agreement affecting a condominium, including any lien
or other encumbrance arising as a result of the imposition of
any tax assessment by a public authority.
Board of Managers or Board means those owners elected .to administer
the Property at the time and in the manner provided by the Declara-
tion for the Property and vested with the rights, titles, powers,
privileges, trusts, duties and obligations imposed by the Act,
Declaration and By -Laws and, until such personsare or must be electec
shall mean the Developer as herein defined.
Closing of the Sale means the operation of transferring ownership
of a condominium unit to the purchaser from the developer through
a deed of conveyance, or closing pursuant to Articles of Agreement
or contract sale.
Common Elements means all portions of the Property except the
Units, including Limited Common Elements unless otherwise specified.
Commissioner means the Building Commissioner of the Village of
Elk Grove Village.
Condominium Project means the sale of or a plan by a developer
to sell residential condominium units in connection with a con-
version condominium.
Condominium Unit or Unit means a separate three-dimensional area
within the condominium identified as such in the declaration and on
the condominium plat and shall include all improvements contained
within such area except those excluded in the declaration.
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Conversion Condominium means a property improved with any
building of more than four (4) dwelling units which contains
structures, excepting those newly constructed and intended for
condominium ownership, which are, or have previously been,,
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wholly or partially occupied before recording of condominium
instruments by persons other than those who have contracted
for the purchase of condominiums.
Declaration means the declaration required by the Illinois Condo-
minium Property Act.
Department means the Building Department of the Village of
Elk Grove.
Developer means any person, firm,oartnership, association, joint
venture or corporation or any other entity or combination of
entities or any successors thereto, who undertake to develop
a condominium project.
Elderly and/or Handicapped elderly shall be deemed to be a person
over the age of__Eq_years. A handicapped person shall mean an
individual suffering from a physical or mental disability to
such an extent as to be eligible for disability benefits under
the requirements of the Social Security Administration, irrespective
of whether said benefits are actually being received.
Limited Common Elements means a portion of the Common Elements
so designated in the Declaration as being reserved for the use
of a certain Unit or Units to the exclusion of other Units.
Offer means any inducement, solicitation, advertisement, publica-
tion or announcement by a developer to any person or the general
public to encourage a person to purchase a condominium unit in
a condominium project.
Person means an individual, firm, corporation, trustee or other
legal entity recognized by law as the subject of rights and duties.
The masculine, feminine, singular or plural is included in
any circumstances.
Personal Property means individual items of personalty including
without limitation: refrigerator, range, garbage disposal, dish-
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washer, clothes washer, clothes dryer, decorating and floor
covering and the like.
Plat of Condominium means the plat of a duly licensed surveyor
establishing and describing condominium units and common elements.
Property Report means the property report required in accordance
with Article II of this Chapter.
Prospective Purchaser means a person who visits the condominium
project site for the purpose of inspection for possible pur-
chase or who requests a copy of the property report.
Site means the lot or lots, tract or tracts of land, described
in the declaration referred to in the Illinois Condominium
Property Act.
Unit Owner means the person or persons whose estates or interests,
individually or collectively, aggregate fee simple absolute
ownership in a condominium unit.
Village means the Village of Elk Trove Village.
ARTICLE II
PROPERTY REPORT
10.201 PROPERTY REPORT. It shall be unlawful for any
developer to offer for sale any condominium unit in a conver-
sion condominium prior to making available to the Village and
prospective purchasers a property report which shall contain
the information specified herein.
(1) Identification information including:
a. Name and address of the developer (converter)
and the owner including all partners of a partnership, all
officers and directors of a corporation, and the beneficial
owner or owners of a trust.
units.
b. Name of the building, address and number of
C. The principal attorneys, accountants, architect,
engineer and contractor of the development.
including:
(2) A description of the property and improvements
a. A map or plat showing the size and dimension of
the condominium project, together with all improvements, including
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recreational facilities an O.. proposed construction.
b. The share of ownership of each unit in the
common element.
C. Description, nature and ownership of all property
and facilities on the site which are not a part of the condo-
minium project.
d. Present and planned location of streets and
roads, including driveways, access roads and parking areas on
and contiquous to the site and the nature of ownership thereof.
(3) Proposed prices of the condominium units
and a description of personal property which may be included
in the sale, stating whether new or existing, including
without limitation: refrigerator, range, garbage disposal,
dishwasher, clothes washer, clothes dryer., decorating and
floor covering and any change in the sale's price resulting
from inclusion or exclusion of the items in the purchase.
(4) If the purchase of all or any of the condo-
minium units is to be financed by the developer or if financing
has been arranged by the developer, a statement indicating:
a. The name, address and telephone number of the
person providing such financing;
b. The interest rate to be charged;
C. The downpayment which will be required;
d. The length of the mortgages being offered;
e. The service charge (points) which will be charged;
f. Any other fees which will be charged for con-
sidering an application for a mortgage or providing financing
including, but not limited to, application fees and appraisal
charges;
(5) Drawings, architectural plans or other suitable
documents setting forth the necessary information for location,
maintenance and repair of all condominium facilities and equip-
ment to the extent these documents exist. Such items may
be incorporated in the property report by reference and shall
be located at the sale's office site or construction office
site and shall be turned over to the board of managers upon
transfer of control by the developer.
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(6) Use permitted for individual comdominium units
by the declaration, by-laws of the condominium association
or organization and applicable zoning provisions.
(7) Statement of title, listing all restrictions
of record and the condition of title.
(8) Method and timing of transfer of control over
the condominium project to the board of managers and the
nature and extent of any interest retained by the developer,
and the rights and obligations of unit purchasers after
closing and Prior to election of the initial board of managers.
(9) Projected initiation and completion dates
for proposed construction, renovation or conversion and a
statement disclosing any penalty imposed by the developer
upon the contractor if said completion dates are not met
and whether any such penalty will inure to the benefit of
a unit purchaser or whether additional costs will be imposed
on a buyer if such date is not met.
(10) Statement disclosing the existence of the
escrow account in which developer is required to deposit
any deposit or advance payment in the purchase price pur-
suant to Section 10.307 of this chapter, and the terms and
conditions governing the escrowed funds and their release
under the section.
(11) Statement of any pending litigation which would
affect the condominium or the developer's ability to convey
clear title.
(12) Statement of the current Real Estate taxes,
estimated charges, thereto as a result of the conversion,
and an estimate of such tax on each unit and the formula
used to derive same.
(13) Copies of the sales documents and literature,
including but not limited to:
a. Deed or Deeds of conveyance;
b. Bill of sale;
C. Trust Deed, if applicable;
d. Mortgage and promissory note if financing is
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through the developer or such documents as are otherwise
available to the developer;
e. Proposed Real Estate Sales Contract.
(14) Summary of the operating expenses of the
buildings as a rental project for the five (5) year period
immediately preceding the filing of the declaration.
(15) Copies of the following documents numbered
and indexed in such a manner as the developer may select,
so as to permit ready reference thereto:
a. The declaration and plat.
b. The articles of incorporation or charter of
the condominium association.
C. The proposed by-laws and regulations of the
condominium association.
d. Coverage and amounts of condominium insurance
policies, which coverage shall be equal to or greater than
the appraised value of the project after conversion, and a
copy of the appraisal report utilized in making such determination.
(16) A statement of management and expected opera-
tion costs of condominium, including:
a. Name of management agent, if any, and the
services the agent will perform.
b. Length of term of any management contract and
charges and circumstances, if any, under which the charges
may be increased.
C. The conditions, if any, under which the contract
may be cancelled or terminated.
d. Statement disclosing any relationship between
the developer and the management firm and their respective
corporate officers and controlling interests.
(17) Copy of annual estimated budgets for the
condominium project commencing with the filing of the declara-
tion up to and including the expected date that control of the
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project will pass to the board of managers, which shall
include estimated monthly payments to be prorated to each unit.
The budget shall include, but not be limited to, the following:
a. Costs included in monthly assessment.
i. Utilities, including heating, fuel, water and
sewer not separately metered;
ii. Scavenger service;
iii. Janitorial service;
iv. Ground and building maintenance;
V. Security;
vi. Supplies;
vii. Maintenance and operation of recreational facilities;
viii. Building and other insurance;
ix. Elevator maintenance;
X. Sidewalks and street maintenance (including driveways,
access roads and parking areas) and snow removal services therefor;
xi. Other operating costs, if any;
xii. Management services including management fees,
legal, accounting and/or bookkeeping services;
xiii. Reserves, including reserves for improvements,
unexpected repair work and replacement and upkeep of common
elements and facilities including the basis upon which the
reserves are calculated and the manner in which such reserves
may be expended by the Developer, if at all, prior to transferring
ownership to the Board of Managers.
If no provisions for reserves are included in the
estimated common expenses, the following statement in type
size and style equal to at least 10 point bold type shall be
set forth:
NO RESERVE FOR POSSIBLE FUTURE COSTS IS INCLUDED IN
THE ESTIMATED COMMON EXPENSES. IT MAY, THEREFORE,
BE NECESSARY FOR UNIT OWNERS TO PAY A SPECIAL ASSESS-
MENT TO PAY FOR SUCH COSTS IF THEY OCCUR.
b. Costs not included in monthly assessment:
i. Any items listed in a. above not included in same;
ii. Utilities, including fuel for heat and hot water,
electricity, water and sewer which are separately metered.
(18) Alternative provisions, if any, if an insufficient
number of units are sold to cover the proposed operations and
maintenance budget_.
(19) A report from a qualified, licensed, certified
structural engineer or registered architect, not associated
with the developer, stating his opinions concerning the
condition and the rated life and expected useful life of
the roof, foundation, external and supporting walls, mechanical,
electrical, plumbing and structural elements and all other
common facilities, together with an estimate of repair and
replacement costs, at current market prices to put said
items in proper working order, and which shall indicate what
the costs per category of unit would be if the unit owners
were assessed for the estimated cost. This report shall
include the approximate dates of installation of the facilities
listed above an(q the dates of major repairs to such facilities.
The license or registration number of said engineer or
architect shall be included in the report. A copy of this
report shall be submitted to the Village.
(20) Explanation of the buyers' cancellation rights
and the procedures for cancellation.
(21) If there are any restrictions upon the free
sale, transfer conveyance, encumbrance or leasing of a unit,
then a statement in bold face type or capital letters in
substantially the following form shall be included: THE SALE,
LEASE OR TRANSFER OF YOUR UNIT IS RESTRICTED OR CONTROLLED.
Immediately following this statement, there shall appear
a reference to the document, articles, paragraphs, or pages
inthe disclosure materials where the restrictions or controls
are set forth or described in detail.
(22) A statement indicating what, if any, warranties
apply to the condominium unit, common elements and personal
property of the condominium project, and all warranties speci-
fically excluded.
(23) Each property report shall contain on the front
page the following warning in capital letters, in a type size
and style equal to at least 10 point bold type:
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VILLAGE OF ELK GROVE VILLAGE LACI SPECIFICALLY
PROHIBITS ANY REPRESENTATION TO THE EFFECT THAT
THE VILLAGE HAS PASSED UPON THE MERITS OF OR GIVEN
APPROVAL TO MAKE OR CAUSE TO BE MADE TO ANY PROSPECTIVE
PURCHASER ANY REPRESENTATIONS WHICH DIFFER FROM
THE STATEMENTS IN THIS PROPERTY REPORT. ORAL
REPRESENTATIONS CANNOT BE RELIED UPON AS CORRECTLY
STATING THE REPRESENTATIONS OF THE DEVELOPER AND
ARE NOT BINDING ON THE DEVELOPER. REFER TO THE
PROPERTY REPORT FOR CORRECT REPRESENTATIONS.
(24) A statement of whether, and under what circum-
stances, the unit owners are required to be a member of,
support, or participate financially in recreational facilities,
such as but not limited to health clubs, exercise rooms,
swimming pools, party rooms and golf putting qreens. If
any such facility is not part of the common elements, the
following warning shall be included in capital letters in
a type size and style equal to at least 10 point type:
"THE (HERE NAME FACILITIES) ARE NOT INCLUDED IN THE COMMON
ELEMENTS. THESE FACILITIES ARE AVAILABLE TO UNIT OWNER
FOR (HERE DESCRIBE MONTHLY CHARGE AND INITIATION FEE). UNIT
OWNERS ARE/ARE NOT (AS APPLICABLE) REQUIRED TO PARTICIPATE
FINANCIALLY."
(25) A statement as to the existence of the Elk
Grove Village condominium conversion ordinance and availability
of a copy of same from the Village Clerk's office.
(26) The person or persons having a majority
beneficial or legal interest in the ownership of the condo-
minium project as of the date of the property report shall
sign the property report and affirm that it and any supple-
ments, modifications and amendments are true, full, complete
and correct.
ARTICLE III
MISCELLANEOUS PROVISIONS
10.301 AMENDMENTS TO REPORTS. The developer shall
amend the property report from time to time when any material
changes occur in any matter contained in such reports. Amend-
ments shall be made within thirty (30) days after such change
occurs or the developer has reason to know of such change.
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Amendments shall be sent to the village Building Department
prior to distribution of the amendments to prospective
purchasers and prior purchasers. Amendments shall also be
attached to reports subsequently distributed to prospective
purchasers and shall be immediately distributed to all pur-
chasers of condominium units.
10.302 PAYMEMT FOR COMMON EXPENSES EXCEEDING ESTIMATE.
The developer willbe held financially responsible for any
intentional misrepresentations in his budget analysis as
required by 10.201. For the purposes of this ordinance,
intentional misrepresentation shall mean the underestimate
of such total operating budget by the developer by at least
twenty percent (20%). The developer shall pay all operating
expenses for any year which exceed his estimates for that
year by twenty percent (20%).
10.303 RETENTION OF DOCUMENTS. The Board of Managers
shall keep a copy of the latest property report for seven
(7) years following the date of the property report's
initial distribution. Upon reasonable notice the property
report shall be made available for inspection by any pro-
spective purchaser of a unit from a unit owner.
10.304 TRANSFER OF CONTROL. Every declaration recorded
pursuant to the Illinois Condominium Property Act after the
effective date of this chapter shall provide that when
seventy-five percent (750) of the condominium units are sold
or no later than three (3) years after the closing on the
sale of the first unit, the control over the condominium
project shall be transferred to the Board of Managers.
10.305 DESIGNATION OF PARKING. No developer shall
record a declaration or plat unless parking facilities are
located on or within the condominium property and are (a)
included in the common elements, or (b) are divided as
individual parking spaces among and designated as being a
part of the condominium project. At least two (2) spaces
shall be provided for each unit in the project, except for
those buildings constructed prior to December 19, 1972, in
which case 1h spaces for each unit will be permitted, or
where a variation by Ordinance has previously been granted
by the village permitting less parking.
10.306 LEASE OF COMMON ELEMENTS/CONTRACTS.
(1) Unless otherwise provided by the Board of
Managers, no lease of common elements and no service or
management contract relating to the condominium shall be
valid longer than one year after the Board of Managers
assumes control of the condominium, and no developer shall
enter into such a lease for any longer period.
(2) The developer may not require, nor, except as
established by the Board of Managers following assumption
of control by unit purchasers, may the condominium by-laws
require that a unit owner be a member of or participate
in recreational or similar facilities which are not owned
in fee simple by the unit owners or by an association in
which they are members, individually or through the Board
of Managers.
10.307 ESCROW ACCOUNT. The developer shall establish
an escrow with a bank or trust company having trust powers,
an attorney who is a member of the Illinois Bar, or title
company authorized to do business in Illinois, with whom
shall be deposited any deposit, payment or advance in pay-
ment of the purchase price other than payment for extra work
ordered in writing. The conditions and release of escrowed
funds shall conform to the following:
1. If a purchaser properly terminates the contract
of purchase, the escrowed funds shall be paid to him free
of the cost of escrow.
2. Prior to the closing of sale, no funds shall be
paid to the developer from escrowed funds, except upon a
default by the purchaser.
3. The developer shall cause funds to be placed in
a separate account designated for this purpose, and shall
bear interest of at least five percent (5%) per year, all such
interest to be credited to the purchaser on the purchase price
of the unit.
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4. The provisions of this section shall not apply
to any Payment received on account for the purchase of a
completed condominium unit under articles of agreement
for deed, installment agreement for deed, or lease with
option to Purchase, if the agreement provides for conveyance
of title more than one year after the date of execution of
the aqreeement.
5. Escrowed funds shall not be subject to the
attachment by the creditors of any party to the escrow or
by the holder of a lien against any portion of the property.
6. The cost of such escrow shall be borne by
the developer.
10.308 WARRANTY. The Developer shall warrant that
all major repairs to the roof, foundation, external and supporting
walls, mechanical, electrical, plumbing and structural elements,
shall be performed at the expense of the Develouer up to
the date control of the condominium project passes to the
Board of Managers. The warranty shall include any repairs
and expenses actually incurred, the payment of which shall
not be taken from any reserves established as set forth herein,
and shall further include any repairs which the Developer, in
the exercise of sound discretion, should have made prior to the
transfer of control. The warranty shall not include the cost
of normal, routine maintenance; which expense is included in the
regular monthly assessment period. The warranty shall extend
for an additional six month period after such transfer date
except for any repairs caused by the failure of the board of
managers to provide adequate or necessary maintenance. In
addition,thereto, any sale agreement for the sale of a condo-
minium unit under the provisions of this ordinance shall contain
a warranty that the unit is in good condition, free from any
latent or patent defects and that the developer shall repair
or replace any defect in said unit at the developer's sole cost
promptly upon being notified of such defect, in writing by the
purchaser; Provided, however, that such notice of defect must
be delivered to the developer within one (1) year from closing
of the sale of the condominium unit, and further Provided that
such warranty may be waived by any unit purchaser in consideration
of a reduction in the purchase price.
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10.309 'PECTION OF RECORDS. It - 1 be unlawful for
any person to fail to allow unit owners ro inspect the financial
books and records of the condominium project within three (3)
business days of the time written request for examination of
the records is received by the person or entity having possession
of the records.
10.310 FALSE ADVERTISING. It shall be unlawful for any
person to advertise, sell or offer for sale any condominium unit
by employing any false or misleading statement of a material
fact, or to omit any material fact required to be stated or
necessary to make the statements made not misleading.
10.311 RESTRICTIONS ON ADVERTISING AND SALE. A developer
shall not advertise the sale of, or enter into an agreement
or contract for the sale of any condominium unit unless:
(1) A property report is available for distribution
to prospective purchasers.
(2) Copies of all documents that were filed or
required to be filed in connection with the condominium project
with the Registrar of Titles or Recorder of Deeds of the County
in which the property is located are available to prospective
purchasers.
(3) A copy of the property report, and any amendments,
modifications and supplements thereto have been given to the
prospective purchaser upon his visit to the site or upon
his request for information.
(4) The prospective purchaser has been given an
opportunity to read the property report.
(5) A receipt signed by the prospective purchaser has
been received by the developer or agent acknowledging that the
prospective purchaser has received and has had an opportunity
to review the property report. Such receipts are to be kept
on file in the possession of the developer for a period of three
(3) years from the date of signature of the prospective purchaser
and such receipts are subject to the inspection by the Depart-
ment at any reasonable time.
(6) The property report, and any amendments and
supplements thereto, are available for inspection by the public,
and copies of same have been delivered to the Department.
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10.312 NOTICE REQUIREMENT.
(1) No less than 120 days prior to the recording
of the declaration pursuant to the Illinois Condominium Property
Act, the developer shall give written notice to each tenant
of any building being converted, of the intent to submit the
property to the Act.
Any developer of a conversion condominium must, upon issuing
the notice of intent, publish and deliver along with such notice
of intent, a schedule of selling prices for all units subject
to the condominium instruments and offer to sell such unit
to the current tenants, except for units to be vacated for
rehabilitation subsequent to such notice of intent. Such offer
shall not expire earlier than 30 days after receipt of the offer
by the current tenant, unless the tenant notifies the developer
in writing of his election not to purchase the condominium unit.
(2) For a period of 120 days following his receipt
of the notice of intent (180 days for the elderly or handicapped),
any tenant who was a tenant on the date the notice of intent
was given shall be given the right to purchase his unit on
substantially the same terms and conditions as set forth in a
duly executed contract to purchase the unit, which contract
shall conspicuously disclose the existence of, and shall be sub-
ject to, the right of first refusal. The tenant may exercise
the right of first refusal by giving notice thereof to the
developer prior to the expiration of 30 days from the giving
of notice by the developer to the tenant of the execution of
the contract to purchase the unit. The recording of the deed
conveying the unit to the purchaser which contains a statement
to the effect that the tenant of the unit either waived or failed
to exercise the right of first refusal or had no right of
first refusal with respect to the unit shall extinguish any legal
or equitable right or interest to the possession or acquisition
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of the unit which the tenant may have or claim with respect
to the unit arising out of the right of first refusal provided
for in this Section. The foregoing provision shall not affect
any claim which the tenant may have against the landlord for
damages arising out of the right of first refusal Provided for
in this Section.
(3) Any tenant who was a tenant as of the date of
the notice of intent and whose tenancy expires (other than
for cause) prior to the expiration of 120 days, (180 days for
the elderly or handicapped) from the date on which a copy
of the notice of intent was given to the tenant, shall have
the right to extend his tenancy on the same terms and conditions
and for the same rental until the expiration of such 120 or
180 day period, as appropriate, by the giving of written
notice thereof to the developer within 30 days of the date
upon which a copy of the notice of intent was given to the
tenant by the developer.
tach tenant in a condominium conversion shall be
informed by the developer at the time the notice of intent
is given whether his tenancy will be renewed or terminated
upon its expiration. If the tenancy is to be reviewed, the
tenant shall be informed of all charges, rental or otherwise,
in connection with the new tenancy and the length of the term
of occupancy proposed in conjunction with the new tenancy
and the length of the term of occupancy proposed in conjunction
therewith.
(4) Notwithstanding lease Provisions to the con-
trary, the tenant's premises will not be shown to prospective
purchasers without the tenant's permission until the expiration
of the tenant's option to purchase or 90 days prior to the
end of the term of the tenant's lease, whichever is later.
(5) No lease or other agreement for the rental of
property shall contain any Provision which authorizes the lessor
to terminate the lease less than 120 days (180 days for the
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elderly or handicapped) from notice of intent to convert as
a part of any operation or transaction incident to such a
conversion. No such provision of any lease or other agreement
entered into after the effective day of this Chapter shall
be given any force or effect, and such provisions are declared
to be void.
(6) Any notice provided for in this section shall
be deemed given when a written notice is delivered in person
or mailed, certified or registered mail, return receipt requested
to the party who is being given the notice.
10.313 DISCRIMINATION. No person shall be denied the
right to purchase or lease a unit because of race, religion,
sex, marital status or national origin.
10.314 ADDITIONAL REQUIREMENTS OF DEVELOPER. The
developer shall be required to pay the maintenance, service,
assessment and/or management fees for each unsold unit through
the closing date of the sale of the unit. The fees for each
such unsold unit shall be the same as would be attributed to
a like sold unit.
ARTICLE. IV
PENALTIES, INJUNCTION
10.401 PENALTY. Any person, firm or corporation guilty
of violating any of the provisions of this Chapter shall be
fined not less than Ten ($10.00) Dollars nor more than Five
Hundred ($500.00) Dollars for each offense. Each day a viola-
tion continues or is permitted to exist shall constitute a
separate and distinct offense.
In addition to any penalty which may be imposed herein,
the Village may initiate injunctive relief, including the
issuance of temporary restraining orders and preliminary injunctions
in the Third Municipal District of the Circuit Court of Cook
County to abate any violation of this Ordinance the continuation
of which would be injurious to the welfare of the residents
or which would frustrate or defect the intent of this Chapter.
Section 2:, Severability. If any section, subsection,
sentence, clause, phrase or portion of this Ordinance is for
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any reason held invalid or unconstitutional by any court of
competent jurisdiction, such Portion shall be deemed a separate,
distinct and an independent provision and such decision shall
not affect the validity of the remaining portions thereof.
It is hereby declared to be the legislative intent of the Village
Board of Elk Grove Village that this chapter would have been
adopted had such unconstitutional or invalid section, subsection,
sentence, clause, phrase or portion of this Ordinance not been
included.
Section 3: That the Village Clerk is hereby directed to
publish this Ordinance in pamphlet form.
Section 4: That this Ordinance shall be in full force
and effect from and after its passage, approval and publication
in pamphlet form, as required by law.
VOTES: AYES: 6
NAYS: 0
ABSENT: 0
APPROVED:
Charles J. Zettek
Village President
ATTEST:
Ilafern Snick
Acting Village Clerk
PASSED this 13th day of January , 1981.
APPROVED this 13th day of January , 1981.
PUBLISHED in pamphlet form this 21st day of January , 1981.
in the Elk Grove Daily Herald