Archive for the ‘Articles’ Category

OUR VERY OWN LAKESHORE EAST RESIDENT GET ENGAGED

Monday, December 14th, 2009

VOTE FOR THEM FOR A DREAM WEDDING CHRISTY AND ADRIAN Click on Below Link and Watch Video !

http://www.marinavillageresort.com/blog/congratulations-wed

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Magellan Realty Receives 2009 Best of Chicago Award

Friday, June 12th, 2009

Press Release

FOR IMMEDIATE RELEASE

Magellan Realty Receives 2009 Best of Chicago Award

U.S. Local Business Association’s Award Plaque Honors the Achievement

WASHINGTON D.C., March 20, 2009 — For the second consecutive year, Magellan Realty has been selected for the 2009 Best of Chicago Award in the Condominiums category by the U.S. Local Business Association (USLBA).

The USLBA “Best of Local Business” Award Program recognizes outstanding local businesses throughout the country. Each year, the USLBA identifies companies that they believe have achieved exceptional marketing success in their local community and business category. These are local companies that enhance the positive image of small business through service to their customers and community.

Nationwide, only 1 in 70 (1.4%) 2008 Award recipients qualified as 2009 Award Winners. Various sources of information were gathered and analyzed to choose the winners in each category. The 2009 USLBA Award Program focused on quality, not quantity. Winners are determined based on the information gathered both internally by the USLBA and data provided by third parties.

About U.S. Local Business Association (USLBA)

U.S. Local Business Association (USLBA) is a Washington D.C. based organization funded by local businesses operating in towns, large and small, across America. The purpose of USLBA is to promote local business through public relations, marketing and advertising.

The USLBA was established to recognize the best of local businesses in their community. Our organization works exclusively with local business owners, trade groups, professional associations, chambers of commerce and other business advertising and marketing groups. Our mission is to be an advocate for small and medium size businesses and business entrepreneurs across America.

SOURCE: U.S. Local Business Association

CONTACT:
U.S. Local Business Association
Email: PublicRelations@USLocalBusinessAssociation.com
URL: http://www.USLocalBusinessAssociation.com

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Explanation Special Assessment Disclosure for Lakeshore East

Monday, June 8th, 2009

SPECIAL ASSESSMENT DISCLOSURE

LAKESHORE EAST DEVELOPMENT

You are purchasing property that is within a Special Assessment District established pursuant to a court proceeding adopted by the City of

Chicago.

The Assessment Confirmation authorized the levy, extension, and collection of a Special Assessment upon the Property, in connection with certain “Public Improvements” that will confer a special benefit on the Property (including, without limitation, parks, streets, storm and sanitary sewer, and a potable water system). In connection therewith, the City of

Chicago pursuant to a certain Bond Ordinance, authorized the issuance of municipal bonds to pay for the Public Improvements, including the financing and other costs associated with the funding of the Public Improvements.

These Special Assessment bonds have a 30 year life. Your property will be assessed a fee that is billed and payable semi-annually commencing in the beginning of the year 2005 and ending in the year 2032. This assessment will pay off principal and interest of the Special Assessment Improvement Bonds. Estimated initial assessments are included in the Exhibits to your Property Report. The maximum Assessment on the Property may increase on average by no more than 1.5% each year between the first year of the levy and 2032.

If you sell your property, you will be responsible to the City of

Chicago and/or the subsequent owner for the pro rata portion of the assessment for that part of the year in which you owned the property. The subsequent owner will be responsible for the assessments for the years in which he/she owns the property. The servicing agent will issue the assessment bill prior to the semi-annual due dates of each year, which will be the first business day of March and September. Additional interest and fees associated with the collection of the assessment may be added in the event you are late in making payment. The assessment is considered a lien on your property and may result in a sale of your property if not paid as required in a timely fashion.

You are purchasing the Property subject to the Special Assessment and you will not object to the Special Assessment. You agree that the City validly created the Special Assessment and that the Special Assessment is rationally related to the benefit that the Public Improvements confer on the Property. You will be responsible for the Special Assessment on your Property from and after the Closing Date.

By taking title to the Property, you hereby agree to accept title subject to the Special Assessment and all rights and impositions and obligations thereby imposed, including, without limitation, the Special Assessment, which obligations shall be covenants running with the land. The deed that you, the Purchaser(s), will receive at Closing shall contain a recitation of such covenants, conditions, and restrictions as a permitted exception to title.

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