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Our Community, Our News
MAY 9, 2013
Vol. 57 No. 31
CONDO CONFRONTATION Terrace Square condo owners vote to reject special assessment of $2 million to begin repairs of complex
By Alex V. Hernandez Staff Reporter
F
eeling shut out of the process, more than 55 percent of Niles’Terrace Square Condominium owners have rejected a special assessment that would add $2 million total to their fees for renovations. Last spring, the condo board for the complex at 9743 N. Dee Road hired Hicks Architectural Group to evaluate the condition of the buildings in the complex, some of which are over 40 years old.The initial assessment of the cost of repairing exterior of each building’s brick façade, balconies and railings by Hicks Architectural Group was $8 million. In February, the condo board reduced the cost of repairs to $5 million, with $2 million of that cost to See CONDO, page 3
ALEX HERNANDEZ/BUGLE STAFF AND TERRACE SQUARE CONDO
Above, Condo owners look at the info graphic of brick and balcony repairs needed created by Hicks Architectural Group at
the owners meeting. Right, one of the Terrace Square buildings.