♦ Mayor Lightfoot Says Phase 4 Reopening Begins June 26
♦ Sen. Steans Announces New Small Business Assistance Grants
♦ Updates on State Reopening Process
♦ Sen. Steans Previews the Recently Passed State Budget
♦ Unemployment Benefits in Illinois Include COVID-19 Changes
♦ 48th Ward COVID-19 Community Response and Updates
from Alderman Harry Osterman
♦ Resources for 48th Ward Community Response Volunteer Team
♦ City of Chicago COVID-19 Response, Resources and Updates
♦ State of Illinois COVID-19 Response, Resources and Updates
♦ Building Owners and Managers Association of Chicago
COVID-19 Resources for Property Professionals
For more information on the coronavirus, follow the links below from the Centers for Disease Control and Prevention:
Cook County Property Tax Bills are On Their Way
The deadline for paying Cook County second installment property taxes is Aug. 3. A recent newsletter from Senator Heather Steans outlines some of the things you need to know and offers links to resources that taxpayers might find helpful. This year as every year, be sure you have applied for and received every exemption the county offers, including homeowner, senior homeowner, veterans with disabilities, and senior freeze.
Do Not Bring Senior Sewer Rebate Forms
to the Alderman’s Office
The program that refunds senior condominium and co-op owners $50 for living in a homeowners’ association is now administered by the Chicago Department of Finance. The Alderman’s office is no longer involved. Given the COVID-19 outbreak, please do not bring your forms into the 48th Ward office. Those who received the refund in 2019 should have received renewal notices in recent weeks, and will be asked to mail them to the Department of Finance. First-time applicants need to complete a new form and send the required paperwork to the finance department. The deadline is now August 1, so you have plenty of time. Click here for the form and more information.
Lawrence to Bryn Mawr Modernization Project
The CTA’s construction has required consecutive weekend-long closures of the Bryn Mawr, Thorndale, and Granville stations from Friday 10 p.m. through Monday 4 a.m. each weekend. This will last at least six consecutive weekends (weather permitting) and the CTA will operate a bus shuttle on Broadway making regular stops at Bryn Mawr, Thorndale, and Granville.
The 101st Illinois General Assembly has been convened. Check back here for news and information regarding bills that affect condominium owners.
City Ordinance Ups Condo Deconversion Vote to 85%
On September 18, the Chicago City Council unanimously passed an ordinance that requires 85% of condominium association members to approve the sale of an entire building. Aldermen Harry Osterman (48th) and Brendan Reilly (42nd) proposed the bill. Deconversions of condo buildings into rentals have increased in part because of soaring rents in some of the most desirable areas to live in Chicago. It is becoming more profitable for developers to invest in existing buildings rather than in new construction. Many of the aldermen noted that the vast majority of their constituents favored the change from a 75% threshold. However, the state law has not changed, and some legislators plan to introduce a bill to address that. For a more detailed discussion of the issues, check out the article in BISNOW, a real estate news website