Terraces on Mulberry Condo

Key facts from Terraces on Mulberry Condo's documents

Reflects the 1996 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium Association (First Amendment recital: 'The Terraces o)

Legal name

The Terraces on Mulberry Condominium Association (First Amendment title and Section 1.01)

Developer / declarant

LaSalle National Bank, as Trustee under Trust Agreement dated August 24, 1988, Trust No. 113624 (Original Declaration, first page and Sec)

Governing law

Illinois Condominium Property Act (as amended) (Article 4.01: 'submitted to the provisio)

Special assessments

Cost of additions, alterations, improvements to Common Elements may be paid out of special assessment. (Section 4.08(a): 'The cost of any such w)

Use restrictions

Units must be occupied as private dwelling for immediate family; no business purpose; immediate family defined as spouse, child, sibling, or parent. (Amendment Section 12.02(a): 'The Owner o)

Voting & meetings

One vote per Unit; Voting Member may be owner or designee; cumulative voting for board elections; proxies allowed (written, valid 11 months); if Voting Member absent, owner may vote; multiple owners vote by majority agreement. (Sections 5.03(a), 5.03(b), 5.06(a))

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.