Private Health Club and Outdoor Park

• Recently renovated, first-class health club
• Indoor heated pool, whirlpools, steam rooms and saunas
• Racquet and  handball court
• Third floor 2.5-acre park, with heated outdoor pool, lagoon, waterfall, barbecue grills, playground, flower gardens and tree-shaded areas
• 18-mile lakefront path access outside the door

Unit Sale and Animal Information

• No condominium association “right of first refusal” on unit sales
• Animals: 1 dog not to exceed 30 lbs; cats permitted

Finances

• As of April  2009, $4,347,232 reserve for capital expenditure and no debt
• As of July 2009, no special assessment capital expenditures anticipated by the association for at least the next two fiscal years
• No special assessments in the last eight years
• No assessment increase in the operating budget for FY ’09 and the prior two years    

   Insurance

• The building carries property insurance, including boiler and machinery for complete restoration of the building (100 percent replacement value); full general liability; director and officer liability; crime, fidelity bond/employee dishonesty coverage; and flood and terrorism coverage. The deductible is no greater than $10,000 or 1% of coverage.
• Unit owners must carry liability insurance of $500,000, and $1 million is recommended. They are responsible for damage they cause to other homes.

Management Company

• Habitat Management (312) 527-5400, Gary Lundemo, Property Supervisor
• Lake Point Tower Building Management:  John Derby, General Manager; Jody Lehner, Assistant Property Manager