Illinois News Index

McHenry Plaindealer (McHenry, IL), 30 Sep 1983, p. 5

The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

HICK5GA5 MCHENRY. ILLINOIS 60060 WE8T ILM STREET Thomas F. Bolger President TFB/bam Phil OeffHng or Keith Leathers , .s • ••>... »'V(ih »- - r itiLf/i i, or,i A A>iV|UL<t» Business expansion Russell's Furniture has announced the opening of its new, expanded location at 3611 Rt. 120, McHenry, next to City Wide Carpeting. Russell's has been in business in McHenry since 1980, specializing in seltHfcg brand name furniture and bedding at greatly discounted prices vp f̂tere & m there in Business • FMOTO/WAVNC OAYIOMD Hornsbys head Wesleyan parents Condominium differences Many Americans today are satisfying their housing needs through condominium ownership. Buying a condominium home, however, is not quite the same as buying a detached residence. There are substantial practical and legal differences involved. Condominium documents establish rules and regulation* for community living and protect your rights as an owner. Therefore, it ts imperative that the codominium owner read all documents carefully. Ask Questions if you don't understand and be sure all documents are current. One of the first documents you will sign is the --I** contract. This is the binding, legal document which co­ mmits you to buy the unit and the seller or builder to sell it. The contract should be specific, detailed, and ' informative about the property, terms of payment, <m contingency clauses for buyer or seller. Betoreyou sign, read it carefully. Be sure nothing has been left out. /- Mr. and Mrs. Arthur Hornsby X of Morris have accepted / appointment as co-presidents of the Illinois Wesleyan Parents Association, Dr. Robert S. Eckley, president of the university has announced. The Hornsbys' son, Shawn, is a junior business major at Illinois Wesleyan. Mr. and Mrs. Hornsby are president and vice-president, respectively, of Hornsby's Stores, Inc., which has a retail store in McHenry as well as 11 other cities. The new officers will preside at a meeting of the Parents Association during Dad's Day at- IWU Oct. 22 and will be in charge of fund-raisii phonothons in November April. • .& . i;C ff " £ I £ Heads hospital podiatric surgery JSSSZ (800) 252 DR. JACK CHULEN G ARLAN Dr. Jack Chulengarian, podiatrist physician ' ana tnroMit n* Gfftyslake and Waukegan, has been re-elected chairman of the Department of Podiatric Surgery for the 1963-84 year at American International Hosnital. > Dr. Chulengarian also heads the Foot Clinics of Lake County and is a member of the surgical staff of McHenry Hospital and the Hawthorne Surgery Center. He is a fellow of the Academy of Ambulatory Foot Surgeons. BUSINESS BRIEFS ̂ PILOT PROGRAM Chicago Steel Tape, a" Watseka firm, is the first to take advantage of a pilot loan* program offered by the U.S. * Small Business Administration in cooperation with DCCA. Within six months u~e firm will1 add 28 new jobs with mote projected for the future. For ormation on the new loan , call (217) 728-1988 or 800) 252-2923. TAX RELIEF Governor signed a package will give property tax relief to home owners and create incentives for assessing officials to correctly assess property. "For the homeowner under 65, it will allow the taxpayer to make more improvements on the home or see its value rise without driving up the property tax bill. The savings would be even greater for home owners 65. and older, " the Governor said.' mpson has of bills that the declaration of condominium or master deed. It establishes the condominium froma legal standpoint and creates the structure and organization of the owners' association. The declaration establishes what percentage of common interest you will have in the common elements - parts o fthe development not individually owned (outside areas, hallways, etc.). There are also details concerning what maintenance charges will be your responsibility and what portion of real estate taxes will be assigned to your unit. It is important tfiat prospective owners understand the covenants and restrictions governing the Drooerty. They are established in the declaration and have the force of law. You can be liable for damages if you don't follow them. Another important document is the association bylaws. Ihe bylaws implement the declaration by providing the internal governing mechanism necessary to administer and maintain the condominium. The byiaws detail the responsibilities of unit owners with respect to the owners' association and cover such items as the number of association meetings, elections and methods of v< well as the structure and rules of the organisation, quorum and majority requirements are defined. Provisions for amending the bylaws are In addition, the bylaws generally give the board power to establish an operating budget and hire professional management. This document also outlines how the common elements are to be used and fay whom, and how they are to be maintained. Buying a condominium home can be a rewarding investment in many ways. To make a decision you can live with, visit a realtor who can provide guidance and sound advice to help you make a decision you can be happy with. McHonry Nautilus ng on Vacation? • Have fun and look like a native the first day on the beach or the slopes. • Prevent Sunburn-Quartz lamps provide tanning rays with 0% of harmful burning rays. • Only machine of this type in the Chicago area. • Relax on a soft mattress like your bed DONT BE SQUEEZED INTO A WAFFLE IRON! • Visible results guaranteed on your first visit. • Available to members or to non-members by appointment. McHenry Nautilus 344-2202 HAVING A CHRISTMAS PARTY? • (AIL US FOR 01!Al lS • FACILIT IES FOR PARTIES UP TO 250 §sMMH»ats of 50 Paapla «r Mrs on Weekdays Ivy Reservations Only I HOURS! Starting Week of October 1st... We will be open •Dinner Only Friday & Saturday •Brunch & Dinner on Sunday CHAPEL HILL ^ COUNTRY CLUB f»j 2500 N. CHAPEL HILL RD McHENRY TTTMMH 815-385-0333 VOI CAN RKN I AN AQUA SENTRY V*A..>^A>V A Av A, ^A • AV W A T E R C O N D I T I O N E R •LOW MONTHLY RENTAL •NO SXALLATION II CHARGE V •FREE WATER TEST •30 DAY FffEE TRIAL •Save on Detergents. Soaps. Bleaches •Eliminate Hard Water Chores Spotless Dish Drying Hickigas, 1023 LAKE AVE. WOODSTOCK CALL TODAY 815-338-1296 ^ Corner of Old Route 14 & 47 "Woodstock, Illinois P, •*:

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