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March 2009 – Owners Seeking Information Heard it from Sciacca and other Experts

Owners Seeking Information Heard it from Sciacca and other Experts

Who doesn’t want – and can use – free association management and legal advice? That’s what more than 60 people thought, who attended the recent Condominium and Homeowners’ Association Law Seminar. Chicago Property Services (CPS) President and Co-Founder, Salvatore J. Sciacca, joined John Bickley and Kerry Bartell, practicing attorneys and principals with the prestigious law firm Kovitz Shifrin Nesbit, located in Buffalo Grove, Chicago, Naperville and Racine, WI, to share their expertise about timely issues.

Board members, property managers, condominium owners, and those interested in buying a townhome, condo, co-op, or house in a homeowners’ association, gathered at the Near North Branch of the Chicago Public Library on Division Street. Held on Tuesday evening, March 24th, dozens came with questions about how best to meet the growing challenges of association operation and to better understand the law. While Mr. Bickley and Ms. Bartell explained the Illinois Condominium Property Act and other statutes, as well as their application to the community association operation, Mr. Sciacca handled capital planning, preventative maintenance, and cost-saving measures. Mr. Sciacca explained the benefits of spending time on foresight now so that it won’t be necessary to spend money later. This seminar also covered important legal topics every board member should be familiar with such as assessment collection — especially in this era of mortgage foreclosures — as well as additional cost saving measures and Property Tax appeals.

The looks of relief on the faces of those who attended spoke volumes.

Mr. Sciacca currently manages a portfolio of 50 properties consisting of 1,500 units that has a combined value of $300 million. Mr. Sciacca is an Association Management Specialist and Certified Manager of Community Associations by the Community Associations Institute (CAI), the top trade association in the field. Legal experts at Kovitz Shifrin Nesbit concentrate their practices in the area of condominium and community association law.

If you’re interested in having Mr. Sciacca speak, please contact CPS at (312) 455-0107, ext. 102 or ssciacca@chicagopropertyservices.com.

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