Page 3 - CooperatorNews Chicagoland Winter 2022

CHICAGO.COOPERATORNEWS.COM COOPERATORNEWS CHICAGOLAND — WINTER 2022 3 Subject to credit approval. inlandbank.com No Prepayment Penalties • Fast Loan Approvals • Expertise • Flexible Terms and Conditions If your association is in need of improvements, please contact Tim Haviland 630.908.6708 or thaviland@inlandbank.com at LOW COST CONDOMINIUM ASSOCIATION LOANS TABLE OF CONTENTS Yale Robbins Publisher Henry Robbins Executive Vice President Joanna DiPaola Associate Publisher Hannah Fons Managing Editor Darcey Gerstein Associate Editor Pat Gale Associate Editor Shirly Korchak Art Director Anne Anastasi Production Manager Alan J. Sidransky Staff Writer Peter Chase Director of Sales CooperatorNews Chicagoland is published quarterly by Yale Robbins Infomedia, 205 Lexington Ave., New York, NY 10016, (212) 683-5700. President: Yale Robbins, Executive Vice President: Henry Robbins. Subscriptions are available free by request to co-op and condo board members and homeowner associations. POSTMASTER: Send address changes to CooperatorNews Chicagoland, 205 Lexington Ave., New York, NY 10016. ©Yale Robbins Infomedia 2022. All rights reserved. Application to mail Periodicals postage rates is pending at New York NY. FREE Subscriptions for Board Members, Property Managers and Real Estate Decision Makers. To Subscribe, please visit us at: Chicago.cooperatornews.com/subscribe C - , C , HOA S M ..... Fans of the TV show “Seinfeld” may recall an episode in which the character Kramer posts the names and photos of all the residents in his building in the lobby so everybody can get to know each other better—maybe even (gasp) say “hello” to each other in the lobby or elevator. C I ...... . If you live in a condo or a co-op, you most likely have heard the term fiduciary duty, usually in reference to the responsibilities and obligations of board members and man- agement. But what is a fiduciary duty? In essence, it’s a legal relationship between two parties that gives one party the right to act and make important decisions on behalf of the other. D D .... Paper, or electronic? It’s now a choice for everything, from the books we read for plea- sure to the books we keep on our associations and corporations. Even restaurant menus are digital today in the wake of the need for ‘touch-free’ environments amid the COVID- 19 pandemic. D W D R .... If you live in, work in, or provide services for a co-op, condo, or HOA, you know that however harmonious a building or association is in general, there is always that one person—or perhaps more than one—who throws a wrench in the works. It could be the guy who seems to take pleasure in disrespecting the doorman, or the lady who insists on feeding the feral cats (and by extension the neighborhood rats), or the family who lets their kids play basketball inside their apartment. M C 8.316 2.534 5.376 8.586