Condo legislation is never-ending, and much of it directly affects PTCA. Last issue, we summarized the two Palm cases. This time, and in subsequent issues, we’ll mention other legislation pending or completed. We are not legal beagles, so the language will be plainspoken. Details may be found at the websites we suggest. We begin with recent legislation by the City of Chicago.
Life Safety Evaluation Ordinance
Effective January 1, 2015, a new high-rise fire safety law went into effect. Associations found not to be following the new code may be sued by the City. Park Tower completed these upgrades per the new code in 2014, ahead of schedule, and has already passed inspection by the City. Effective January 1, 2015.
Condo Refuse Rebate changes
The city taxes every condo association for collecting its refuse. But the city itself only collects from smaller buildings, those with one to four condos, leaving PTCA and other large associations to hire private companies for that job – and pay twice, once to the city and once to the private company.
Recognizing the basic unfairness of this policy, the city had been rebating the larger associations $75 per year, per unit. Now, apparently on its way to eliminating that rebate, the city has reduced it to $25 annually while at the same time increasing the paperwork required for even this minimal rebate.
The Chicago ordinance has been amended to bring it into compliance with the Illinois Condominium Property Act (ICPA).
by Sheldon Atovsky