2025-12-01 - Resolution 2025-27 - AUTHORIZING THE VILLAGE MANAGER TO EXECUTE A LEASE AMENDMENT WITH BRI INCORPORATED FOR THE RESTAURANT LOCATED AT 48 RAUPP BLVDh,\*'r. - .D
BUFEAI.O
GROVE
RESOLUTION 2025.27
A RESOLUTION AUTHORIZING THE VILLAGE
MANAGER TO EXECUTE A LEASE
AMENDMENT WITH BRI INCORPORATED
FOR THE RESTAURANT LOCATED AT 48
RAUPP BLVD
WHEREAS the Village of Buffalo Crove is a home rule unit pursuant to the
lllinois Constitution of l97O; and
WHEREAS on December 5,20]6 the Village Board authorized the Village
Manager to execute a lease agreement ("Lease") with BRI lncorporated ("Tenant");
and
WHEREAS Salvatore Cardone is the sole shareholder, director and officer in
BRl, lncorporated; and
WHEREAS Salvatore Cardone has entered an agreement to sell one hundred
percent (1OO%) of the stock in BRl, lncorporated to Ceorge Stavropoulos, Frank Russo
and Vito Partipilo; and
WHEREAS the Lease provides that a change in ownership or voting control in
BRI lncorporated is considered an assignment pursuant to paragraph 39 of the
Lease and such requires the Village's written consent as an amendment to the Lease
("Lease Amendment").
NOWTHEREFORE BE tT RESOLVED bythe Presidentand Board of Trustees of the
Village of Buffalo Crove, Cook and Lake Counties, lllinois, as follows:
SECTION L The foregoing recitals are hereby adopted and incorporated and made a
part of this Resolution as if fully set forth herein.
SECTION 2. The Village Manager is hereby authorized and directed to execute the
attached Lease Amendment pending final review and approval by the Village
Attorney.
SECTION 3. This Resolution shall be in full force and effect from and after its passage
and approval.
ATTEST:
Si ratrian, Viila ge CIerk
OVED
ric N. Smi vit age PresidentJan
.. -i. Page I of I
':.-.^3.'''.: .) : - smart with heart.
50 Raupp Blvd, Buffalo Grove, lL 60089 \ 847-459-2500 vbg.org
AYES: 6 - Johnson. Richards. Cesario. Ottenheimer. Bocek. Weidenfeld
NAYES: O - None
ABSENT: 0- None
PASSED: Decemberl.2025
APPROVED: Pecemberl.2O2S
a\ -; -Sr,tAJllArl..
ANIENDMENT TO LEASE AGREEMENT
THIS AMENDMENT TO THE LEASE AGREEMENT dAtEd DCCCMbCT 5,20I6 bCtWECN
the Village of Buffalo Grove (Village) as Landlord and BRI, Incorporated, an lllinois corporation
(BRI) as Tenant for the property in the Buffalo Grove Golf course located at 48 Raupp Boulevard,
Buffalo Grove, Illinois (the premises) shall provide as follows:
RECITALS
WTIEREAS the Village and BRI entered into a lease for the premises at 48
Raupp Boulevard, Buffalo Grove, Illinois where BRI operates a restaurant under
the name of Sal and TonY's ltalian.
WHEREAS Salvatore Cardone is the sole shareholder, director and oflicer
in BRI, Incorporated.
WHEREAS Salvatore Cardone has entered an agreement to sell one
hundred percent (t00%) ofthe stock in BRI, Incorporated to George Stavropoulos,
Frank Russo and Vito Partipilo,
WHEREAS the Lease Agreement for the premises provides that a change
in ownership or voting control in BRI is considered an assignment pursuant to
paragraph 39 of the Lease Agreement and such requires the Village's written
consent.
NOW THEREFORE in consideration of the mutual promises herein, it is agreed as follows:
l. That paragraph 3 ofthc Lease Agreement is hereby amended to provide the'lcnant
with one (l) additional five (5) year option could extend the lease term to December
3t,2041.
2. That the last sentence of paragraph 3 of the Lease Agreement to wit:
"Notwithstanding anything to the contrary in the Section 3, if Salvatore Cardone
shall pass oway thcn ths Lcqsc shall sutomatically term inate" is stricken from the
Lease and no longer a lease term/covenant nor condition.
3. That paragraph 6 of the Lease Agreement is hereby amended and Salvatore
Cardone is hereby removed as a guarantor of the lease terms, covenants or
conditions and that Gcorge Stavropoulos, Frank Russo and Vito Partipilo shall
+
guarantee the terms of the lease agreement effective upon execution of this
amendment.
That paragraph 34 ol the Lease Agreement is amended regarding Notice to the
Tenant as follows:
To l'enant:BRI, Incorporated
c/o George Stavropoulos
48 Raupp Blvd.
Buffalo Grove, IL 60089
With a copy to:Edmund P. Wanderling
2505 S. Des Plaines Avenue
North Riverside, IL 60546
law6447@aol.com
5. That the village consents to the stock transfer and change ofvoting control in the
Tenant Corporation from Salvatore cardone to George Stavropoulos, Frank Russo
and vito Partipilo and this addendum shall constitute the village's written consent
to such change as required in paragraph 39 ofthe Lease Agreement'
6. That this Addendum and the personal guarantee set forth in paragraph 3 herein are
expressly contingent upon the following events:
(a) The corporation and its shareholders being approved and being
issued all necessary licenses to operate a restaurant/bar including all
required State, Local and Federal Iiquor licenses, business licenses
and gaming licenses.
(b) The sale of stock from Salvatore Cardone to George Stavropoulos,
Frank Russo and Vito Partipilo closing and all ofthe corporate stock
being transferred.
7. 'l'hat the Tenant agrees to contribute to the sum of Fifteen Thousand Dollars
($15,000.00) toward the remodeling ofthe patio area ofthe restaurant- The Tenant
shalt pay the Village an additional One Thousand Two Hundred Fifty Dollars
($t,250.00) per month over and above the current rental payment starting APril l,
2026 through March l, 2027. ln the event the Vitlage does not remodel the Patio,
any monies paid by -l'enant shall be refunded l.o tl)e Tenant through a rent crcdit to
be agreed upon by the Parties
8. That all ofthe remaining terms, covenants, conditions and agreements in the Lease
Agreement for the premises shall remain in full force and effect'
2
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to the Lease
Agreement between them to be executed this _0_ day of 12025.
VILLAG EOF BUFFALO GROVE,
An INnois Municipal Corporstiou
By:
DAN , G Village Manager
Date:
BRI, incorporated
By:
GEORGE STAV POIJLOS, President
Attest
FRANK RUSSO, Secretary
Date: %\\5`T_-