Frankfort Park District Approves Settlement with Five Oaks HOA, Pending Homeowner Vote

Frankfort Park District Meeting | October 28, 2025

Article Summary:
The Frankfort Park District has approved a settlement agreement with the Five Oaks Homeowners Association (HOA), but the deal is contingent on the association’s members voting to approve changes to their governing declaration.

Five Oaks HOA Settlement Key Points:

• The settlement’s success depends on the HOA passing changes to its declaration in an upcoming vote.

• According to the HOA’s rules, a resident who does not vote is effectively counted as a ‘No Vote,’ making homeowner education and participation crucial.

• If the homeowner vote fails, the settlement agreement will be void, and the district will have to “go back to the courts.”

• The Park District plans to mail educational materials to HOA residents to explain the importance of the vote.

FRANKFORT, IL – The Frankfort Park District Board of Commissioners on Tuesday, October 28, 2025, approved a settlement agreement with the Five Oaks Homeowners Association, placing the resolution of their dispute in the hands of the neighborhood’s residents.

The agreement is contingent on the HOA successfully passing changes to its declaration. During the meeting, it was discussed that the HOA’s voting rules present a significant hurdle: if a resident fails to cast a ballot, their non-vote is considered a “No Vote.”

This stipulation makes homeowner education a critical component of finalizing the settlement. If the proposed changes are voted down, the agreement becomes void, and the park district will have to resume legal action.

To address this, Executive Director Gina Hassett will prepare a mailing to all Five Oaks HOA residents to explain what their vote will mean and encourage participation.