Elgin condo board sues developer, claiming shoddy work, hidden defects (IL)

The association of a prominent redevelopment project in downtown Elgin has sued the original developer, construction firm and bank, arguing that they purposefully hid defects in construction work until the Fountain Square Condominium Association took possession of the property.  The association’s lawsuit argues RSC-Elgin LLC, Novak Construction and agents of First American Bank breached their fiduciary duty and engaged in fraud by hiding or not disclosing five consultant reports from 2009 about construction defects and other damages from the association.     Read the article…………….


Related Articles

Unit owners must opt in to receive electronic notices of board meetings

Q: I live in a condominium association and our management company has started to email notices of board meetings instead

Rauner, lawmakers at odds over condo law change (IL)

As they wrestle with disagreements over the state’s pension crisis and budget, Gov. Bruce Rauner and Illinois lawmakers also don’t

When do budgeted increases require owner vote

Q. I have a question about Section 1-45(c) of the Common Interest Community Association Act. It states: “If an adopted