---
title: Is property management co trying to stick us with $500K project?
description: Pavement Issue, PROPERTY MANAGEMENT COMPANY wants to get an HOA loan for $500K  (15 year term) for pavement project at our condo complex.
image: http://www.condoassociation.com/hubfs/hoa%20pavement%20project.jpg
---

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# Is property management co trying to stick us with $500K project?

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## What do you think? Question:

Pavement Issue, 144 units, PROPERTY MANAGEMENT COMPANY Property management company wants to get an HOA loan for $500K (15 year term) for pavement project at our condo complex. Association board is getting an attorney to make sure they are not held responsible. We, as unit owners, (144) nor many on board do not trust this property management company. Per state status of property management company - not in good Standing. If, this pavement project is approved, are we 'stuck' with this property management company? What can I do as a unit owner? What are your suggestions that I may mention to Association Board? 

 

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## What do you think? Answers (10)

#### What are your thoughts on this topic?

***Comments and postings are not legal advice**, but are the opinions of our readers. This forum and its contents are being monitored. Please be respectful of each other. *  
  

## Related Posts

### [HOA repairs not being made.  Property value affected.](https://www.condoassociation.com/blog/hoa-repairs-not-being-made.-property-value-affected)

### [Can IL property management firm charge 50 cents a page?](https://www.condoassociation.com/blog/can-il-property-management-firm-charge-50-cents-a-page)

### [Should $500K HOA assessment be voted on?](https://www.condoassociation.com/blog/should-500k-hoa-assessment-be-voted-on)

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