Each year around September, Board President John of Shooting Star Condominium Association meets with his fellow board members and their community manager to discuss the Association’s future budget. To John, it’s déjà vu all over again as they ponder over how to balance it with all the financial information gathered by their management company.
of John’s stomach churning up butterflies while looking at projected cash flows after dealing with emergency repairs. There’s the begging and pleading from management to increase assessments…much to the Board’s dismay. Then there is the murmur of one particular board member, Kate, asking to decrease her assessments specifically, because she happens to pay the highest amount of assessments based on her percentage of homeownership…much to both management’s – and John’s – dismay.
T
This year was different. Newcomer Jack took Kate’s position as a Board member during last month’s annual election. It was a landslide; the residents loved his promise to help the Board with appreciating their property value by upgrading their private park and putting in a pool for their community, all while keeping assessments down. John didn’t expect so much participation from the community, but he underestimated both Jack and the residents. Now that Jack is on the Board, being persistent in seeing the residents’ wishes come true, how can they make their dreams a reality?
While Shooting Star Condominium Association may be a work of fiction, any board member and manager in our reality can relate to this by substituting park and pool with anything that residents wish to have (i.e. playground, garden, community rooftop deck,
By Brandon Clayton, CMCA, Associa Chicagoland
www.cai-illinois.org • 847.301.7505 | 49
here’s the predictable shock from some board members over what the Association spent on maintenance. There’s the feeling
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