1985-008o •
ORDINANCE NO. 85 - 8
AN ORDINANCE AMENDING A LEASE BETWEEN THE VILLAGE OF BUFFALO
GROVE AND EAT'S INCORPORATED, AN ILLINOIS CORPORATION
BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF
BUFFALO GROVE, COOK AND LAKE COUNTIES, ILLINOIS, THAT:
SECTION 1. Section C, Paragraph 1 of the Lease dated January 9, 1984
to lease restaurant facilities at the Buffalo Grove Golf Course Club House, is
amended to read as follows:
SECTION C. Rent and Other Compensation
1. Rent
Rent shall be due and payable on the first day of each month
beginning January 1, 1985. Rent shall be paid as follows:
(a) Lessee shall pay the sum of Six Hundred Seventy -seven
Dollars and Eighty -two Cents ($677.82) per month rent
for the months of April through September.
(b) During the months of January through March, and October
through December, the rent shall be zero.
(c) The rent payable and due in subsections (a) and (b) above
shall apply to calendar year 1985 only. Lessor reserves
the right to review the monthly rent in December of each
year and reserves the right to adjust the rent upon notice
to Lessee. Lessor and Lessee shall work together to
determine fair and adequate rent return based on performance
review. Rent adjustments will be amendments to this lease.
In no case will the annual adjustment in rental compensation
due the Lessor be less than the annual change in the Chicago
area Consumer's Price Index for the annual period ending
December 31 of 1985 and 1986 to be effective with the
succeeding calendar year.
SECTION 2. This ordinance shall not be codified in the Village's
Municipal Code.
AYES: 5 - Marienthal, Stone, O'Reilly, Hartstein, Reid
NAYES: 0 - None
ABSENT: 1 — Glover
PASSED: February 4 , 1985.
APPROVED: February 4 , 1985.
Village President
ATTEST:
I Y .
ViqAage Clerk
Y 4
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iL
VILLAGE OF BUFFALO GROVE
ORDINANCE NO. gS�d
ADOPTED BY THE PRESIDENT
AND BOARD OF TRUSTEES OF THE VILLAGE
OF BUFFALO GROVE
THIS DAY OF� , 19�
Published in pamphlet form by authority of the
President and Board of Trustees of the Village
of Buffalo Grove, Coo &Lake Counties, Illinois,
this S6C day of 19 .
Vil�ljjawge. - CQlerk
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ORDINANCE NO. 85 - 8
AN ORDINANCE AMENDING A LEASE BETWEEN THE VILLAGE OF BUFFALO
GROVE AND EAT'S INCORPORATED, AN ILLINOIS CORPORATION'
BE IT ORDAINED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF
BUFFALO GROVE, COOK AND LAKE COUNTIES, ILLINOIS, THAT:
SECTION 1. Section C, Paragraph 1 of the Lease dated January 9, 1984
to lease restaurant facilities at the Buffalo Grove Golf Course Club House, is
amended to read as follows:
SECTION C. Rent and Other Compensation
1. Rent
Rent shall be due and payable on the first day of each month
beginning January 1, 1985. Rent shall be paid as follows:
(a) Lessee shall pay the sum of Six Hundred Seventy -seven
Dollars and Eighty -two Cents ($677.82) per month rent
for the months of April through September.
(b) During the months of January through March, and October
through December, the rent shall be zero.
(c) The rent payable and due in subsections (a) and (b) above
shall apply to calendar year 1985 only. Lessor reserves
the right to review the monthly rent in December of each
year and reserves the right to adjust the rent upon notice
to Lessee. Lessor and Lessee shall work together to
determine fair and adequate rent return based on performance
review. Rent adjustments will be amendments to this lease.
In no case will the annual adjustment in rental compensation
due the Lessor be less than the annual change in the Chicago
area Consumer's Price Index for the annual period ending
December 31 of 1985 and 1986 to be effective with the
succeeding calendar year.
SECTION 2. This ordinance shall not be codified in the Village's
Municipal Code.
AYES: 5 - Marienthal, Stone, O'Reilly, Hartstein, Reid
NAYES: 0 - None
ABSENT: 1 - Glover
PASSED: February 4 , 1985.
APPROVED: February 4 , 1985.
j
Village President
ATTEST:
Vi age Clerk