For the purposes of this chapter, the following words and phrases shall have the meanings ascribed to them by this section. Other definitions to the extent not set forth in this section, the definitions set forth in section 10-3-1 of this code shall apply.
AGENT: Any person, firm, corporation, association, joint venture or any other entity or any combination thereof who represent or act for or on behalf of an owner and/or developer on the sale or offer of sale of any condominium unit, excepting an escrow officer acting for a title company.
ASSOCIATION: The unit owners acting as a group in accordance with the bylaws of the association and the condominium declaration.
CERTIFICATE OF CODE COMPLIANCE: A written instrument issued by the village as evidence of a condominium project's compliance with the requirements of this chapter.
CLOSING: The act of transferring ownership of a condominium unit to the purchaser from the owner and/or developer.
CODE INSPECTION REPORT: A written report issued by the village as evidence that all units and common elements in a condominium project have been inspected for compliance with all applicable zoning, building and/or other life safety code standards of the village.
COMMON ELEMENTS OR AREAS: All portions of the condominium property, including limited common elements, except the condominium units.
CONDITIONAL CERTIFICATE OF CODE COMPLIANCE: A written instrument issued by the village for those portions of a condominium project which have not met all the requirements of this chapter, but which comply with the requirements of subsection 12-1-3D1 of this chapter.
CONDOMINIUM: A form of property established pursuant to the Illinois condominium property act.
CONDOMINIUM PROJECT: The sale of or plan by an owner and/or developer to sell or offer for sale residential condominium units, commercial condominium units, or business condominium units, or any combination thereof, in an existing building or any modification or reconstruction of an existing building.
CONDOMINIUM UNIT OR UNIT: A separate three-dimensional area within a condominium building, identified as such in the declaration and on the condominium plat, and shall include all improvements contained within such area except those excluded in the declaration.
CONVERSION, CONVERT (Or Other Like Words): The offering for sale by an owner and/or developer or their agent of a condominium unit or building containing such units.
DEVELOPER: Any person or entity who/which undertakes to develop a condominium unit or building by conversion.
DIRECTOR: The director of public works or his authorized representative.
LIMITED COMMON ELEMENTS: A portion of the common elements so designated in the declaration as being reserved for the use of a certain unit or units to the exclusion of other units, including, but not limited to, balconies, terraces, patios and parking spaces or facilities.
OFFERING: Any inducement, solicitation, advertisement or announcement to encourage the purchase of a condominium unit in a condominium or prospective condominium.
OWNER: The title holder of property being converted to a condominium.
PARKING SPACE: A space: a) dedicated exclusively to the location or storage of a motor vehicle, and b) which is in substantial compliance with the requirements of title 10 of this code. The director shall establish a schedule defining "substantial compliance" with this definition, which schedule shall be revised from time to time and made available to the public.
PARTIAL CERTIFICATE OF CODE COMPLIANCE: A written instrument, issued by the village, as evidence of an individual condominium unit's compliance with this chapter.
PERSON: A natural individual, corporation, partnership, trustee or other legal entity capable of holding title to real property.
PROPERTY AND/OR BUILDING: All structures and the lot occupied or utilized by all structures in or on which any condominium project is proposed.
PROSPECTIVE PURCHASER: A person who investigates the condominium project site for the purpose of inspection for possible purchase. (Ord. 3129, 9-12-2005)