![]() The OPRFCBN could reach out to banks and insurers to negotiate a benefit for their network participants.” Federal Reserve interest rates continue to increase, yet the deposit interest rate has not kept pace and insurance premiums are outpacing inflation. Willis further stated “strength in numbers is also a benefit of a network with a shared interest. ![]() Do we allow investors in the building or should all units be owner occupied? If we need a new roof what company should be used? Who is a reputable plumber, electrician or carpenter? Is the reserve account for unexpected maintenance sufficient and at which bank should the funds be deposited? All of these are common issues that boards need to address” says Willis. “Many of the condominium boards in OPRF are faced with the same questions. “It is with these similar roles in mind for all properties that the Oak Park-River Forest Condominium Boards Network (OPRFCBN) was created” explains Richard Willis, President of an Oak Park Condo Board and former Oak Park Township Trustee and Community Mental Health Board Member. All condominium properties have an elected board with roles of rule enforcement, building maintenance, finances and planning. Oak Park, IL – Condominiums make up nearly 20% of Oak Park’s housing stock with a lower percentage in River Forest. Announcing the Oak-Park River Forest Condominium Boards Network
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