Evanston, Ill., City Code § 5 § 5-4-2-5
CONVEYANCE WITH UNCOMPLETE ITEMS; SECURITY: (Evanston Housing Regulations)
Operative Text
Evanston, Ill., City Code § 5 § 5-4-2-5
(A) Title to any sold unit shall not be conveyed before correction of all code violations within that unit except that non-life safety items that could not, because of weather conditions, be completed or corrected at the time conveyance is scheduled may be covered by a unit escrow to be set up at or prior to closing for the benefit of the individual unit purchaser and covering the estimated cost of correction of those items. There shall also be an escrow set up at or prior to closing for contracted for but not completed non-code improvements within the unit. This may, but need not be, the same "unit escrows" as that covering code violations. (B) An escrow account or other satisfactory security shall be established prior to conveyance of title to the first unit, which escrow or other security shall be for the benefit of the Unit Owners' Association, shall be utilized for and be in an amount necessary to correct the code violations in the common areas and the contracted-for but uncompleted non-code improvements of the common areas. Said "common area escrow" or other security shall have been established prior to conveyance of the first unit. (C) When the declarant has demonstrated, pursuant to regulations, that the above sections have been satisfied, the City Manager or his/her designee shall cause to be issued a certificate of approval to convey title to purchasers. The City shall, within fifteen (15) days of a request for this certificate, provide either the certificate or a list of outstanding violations.
Source: Legislative text reproduced verbatim
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