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Every Owner pays a monthly assessment to the Association. Assessments are used to pay for the maintenance of the building exteriors and grounds - the common areas.

Assessments are due on the First of each month, and considered late if deposited in the bank after the 10th of the month. A fee of $25.00 is assessed for late payments. Each month on which all, or any part, of an assessment account is delinquent shall cause an additional late charge of $25.00 to be added to the account for that month's delinquency and said charge shall be due on the first of the month following its addition to the account.

Assessment payments should be made with an accompanying coupon and mailed to the address indicated on the coupon labels.  Coupon books are mailed to Owners each year in December.

Payments made directly to the Management Office must be processed manually and will incur a convenience fee of $10.00

Direct Debit for the payment of assessments is available. 
Please contact American Community Management, Inc.  
for information: 847/301-1133.

Direct Debit Form

2006 Assessments:

Homeowners may request a copy of approved budget by contacting ACM.

In many cases, you can also use your online banking service to pay your bill. Remember to provide your 17-digit account number, which is located at the bottom of your payment coupon. Please avoid using slashes, spaces or dashes since they could delay the processing of your payment. You'll also need the following address:

The Princeton Condominium Association
P.O. Box 479
Itasca, IL 60143-0479