Year in review: HOA gets the clubhouse and pool from the bank

Continuing our year in review, the No. 4 story is that the Palermo HOA gained possession and control of the Palermo clubhouse, gym, and front pool and spa, and associated common-use areas, in a deal with the bank. These facilities were never transferred to the HOA and became the bank´s properties in the foreclosure on developer Enterprise of Chicago. A fear was that these areas could have been closed or sold off, but the HOA board reached an agreement with the bank at no cost to the HOA. Miss Penny Lane says: She´s ready for a dip.