Evanston, Ill., City Code § 5 § 5-4-3-1

(A) The declarant must provide the condominium disclosure statement filed with the City to all existing tenants in a conversion condominium. A copy of the condominium disclosure statement must be available for public inspection in the sales office of the declarant.
(B) The condominium disclosure statement shall disclose fully and accurately the characteristics of the condominium and the units therein and all unusual and material circumstances and features affecting the condominium.
It shall include the following:
1. The name and principal address of the declarant and the condominium.
2. A general description of the condominium, including the number and types of units, the asking price of each type of unit, any restrictions on use and occupancy of the units, floor plans, the arrangements for off-street parking, and the proportion of units that the declarant intends to rent or to market to investors.
3. Copies of the declaration, the by-laws, the rules and regulations, and any contracts and leases to be signed by purchasers at closing, with a brief narrative description of each document.
4. A projected budget for the Association for one year after the date of the first conveyance to a purchaser and two (2) additional one year projected budgets, a statement of who prepared each of the budgets, and a statement of the budget's assumptions concerning occupancy and inflation factors. The budget must include:
a. Operating Costs:
Utilities
Heating fuels
Janitorial services
Trash and garbage disposal
Ground and building maintenance
Security
Maintenance and operation of recreational and other facilities
Building insurance
Elevator maintenance
Sidewalks and street maintenance
Other operating costs
b. Management Costs:
Accounting and bookkeeping services
Legal services
Management fees
c. Reserve Costs:
Reserve for improvements
Reserve for unexpected repair work
Reserve for replacement and upkeep of common area and facilities
Reserve for taxes and special assessments
5. A description of the proposed improvements to the units or the common elements, in addition to those required under Subsection 2-5 of this chapter, which have not been completed by the date on which the condominium instruments are filed with the City. The description of each improvement shall specify the type and quality of materials to be used, the estimated cost, and the time by which the improvement shall be completed.
6. For a conversion condominium, information available on the actual expenditures made for all repairs, maintenance, operation or upkeep of the subject property within the last three (3) years set forth tabularly with the proposed budget of the condominium. If the property has not been in existence for a period of three (3) years, the information shall be provided for the maximum period the property has been occupied.
7. A statement of the declarant, based on a report prepared by an independent, licensed architect or engineer, providing notification that the report is on file with the City and describing the present condition of all structural components and major mechanical systems, and also including the approximate dates of construction, installation, and major repairs, the expected useful life of each such item, and, for major mechanical systems, the estimated cost (in current dollars) of replacing each of the same.
8. A list of any uncured violations of the applicable building and housing codes or any other applicable codes, which are specified in the Condominium Code Assessment Report prepared by the City.
9. A copy of any management contract, recreational lease or other contract or lease affecting the condominium with a brief narrative description of each document and an indication of the relationship, if any, between the declarant and the managing agent or firm.
10. The terms of any warranties provided by the declarant, including the warranties required by Subsection 3-4 of this Chapter.
11. Any initial or special fee due from the purchaser at closing with a description of the purpose and method of calculating the fee.
12. Any current or expected fee to be paid by unit owners for the use of the common elements and other facilities related to the condominium.
13. A description of any liens, title defects or encumbrances affecting the title to the condominium as of the date of preparation of the condominium disclosure statement.
14. A description of any financing offered by the declarant.
15. A description of the insurance coverage to be provided for the benefit of the unit owners.
16. A statement that within thirty (30) days after receipt of a condominium disclosure statement and all amendments thereto, a purchaser may cancel a contract for purchase of a unit in accordance with the conditions specified in Subsection 3-2 of this chapter.
17. A statement that any deposit made in connection with the purchase of a unit will be held in an escrow account until closing and will be returned to the purchaser if the contract is cancelled pursuant to Subsection 3-2 of this chapter.
18. The status of any pending litigation which would directly affect the subject condominium and/or the declarant's ability to convey clear title.
(C) The condominium disclosure statement will not be distributed or used for any promotional purposes before filing of the condominium instruments with the City and afterwards shall be used only in its entirety.
(D) The City may require the declarant to amend the proposed condominium disclosure statement in order to ensure full compliance with the provisions of this Chapter. No material change in the development of the condominium instruments may be made after filing without notifying the City and making appropriate amendments to the condominium disclosure statement.
(E) Prior to distribution, the following paragraph must be conspicuously displayed on the first page of each copy of the condominium disclosure statement:
"THE CITY OF EVANSTON HAS RECEIVED THE CONDOMINIUM INSTRUMENTS, INCLUDING THIS CONDOMINIUM DISCLOSURE STATEMENT, FOR FILING ON. THE CITY HAS REVIEWED THE CONDOMINIUM DISCLOSURE STATEMENT ONLY FOR COMPLIANCE WITH THE RESIDENTIAL CONDOMINIUM ORDINANCE AND ASSUMES NO LIABILITY FOR THE PROJECT OR THE DECLARANT'S ACTIONS FOR FAILURES TO ACT."