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2023-05-15 - Resolution 2023-16 - AUTHORIZING THE VILLAGE MANAGER TO EXECUTE A LEASE AMENDMENT WITH WJN GOLF, LLC AT THE ARBORETUM GOLF COURSE RESOLUTION NO. 2023-16 A RESOLUTION AUTHORIZING THE VILLAGE MANAGER TO EXECUTE A LEASE AMENDMENT WITH WJN GOLF, LLC AT THE ARBORETUM GOLF COURSE WHEREAS,the Village of Buffalo Grove is a Home Rule Unit pursuant to the Illinois Constitution of 1970; and, WHEREAS, on August 31, 2021, the Village Board authorized the Village Manager to finalize and execute a lease agreement("Lease") with WJN Golf, LLC ("Tenant"); and, WHEREAS, the Village and the Tenant are requesting an amendment to the Lease; and, WHEREAS, the Village Board has determined that it is in the best interests of the Village to authorize the Village Manager to finalize and execute a lease amendment with the Tenant. NOW, THEREFORE, BE IT RESOLVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE VILLAGE OF BUFFALO GROVE, COUNTIES OF COOK AND LAKE,STATE OF ILLINOIS, as follows: SECTION 1. The foregoing recitals are hereby incorporated and made a part of this Resolution. 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. AYES: 6-Johnson,Cesario,Ottenheimer,Stein, Pike, Weidenfeld NAYES: 0- None ABSENT: 0- None PASSED: Mav 15, 2023 APPROVED: Mav 15, 2023 ATTEST: APPROVER: � V V \. Jane . Sirabian, Village Clerk Eric N. Smith, Village President . ..- . . ,`�-: \:•` .. � _ . ���: �`— . - . - - -_ � `• ��w�/� _ , �- �\ ^��� ` � . _ . 1 � . � � � �..�..�.1�;�./� � \ •� FIRST AMENDMENT TO LEASE AGREEMENT THIS FIRST AMENDMENT TO LEASE AGREEMENT ("First Amendment") is made and entered into as of this ► 5 day of �c,� , 2023 ("Effective Date of this First AmendmenY'), by and between the VILLAGE F BUFFALO GROVE, an Iilinois home rule municipality ("Landlordfl), and WJN GOLF LLC, an Illinois limited liability company, d/b/a "WJ GoI�P' (°Tenantn). (Landlord and Tenant shall each sometimes hereinafter be individually referred to as "Party"or, collectively, "Parties"). WITNESSETH: WHEREAS, Landlord and Tenant entered into that certain Lease Agreement dated September 7, 2021 ("Lease"), pertaining to certain land, building and facilities located on the real estate commonly known as the Village of Buffalo Grove Arboretum Golf Course which contains approximately 119 acres (the "Property"). The Property contains: (i) an 18 hole golf course, (ii) a maintenance building (iii) a golf course club house building and (iv) and certain other structures. The ciub house facility is hereinafter known as the "Club House". WHEREAS, The Lease to Tenant is a lease of certain land, building and facilities located on the Property, including but not limited to the Club House, all legally described on Exhibit "A" to the Lease; WHEREAS, Tenant presentty operates a restaurant and, indoor golf with golf simulators, entertainment and gaming facility that are all open to the general public, along with beverage cart service for golfers on the golf course and related specialty items for sale on such land, building and facilities. The land, building and facilities to be leased to Tenant and located and constructed on the Property or to be constru�ted thereon by Tenant pursuant to the teRns of this Lease are collectively referred to herein as the "Premises"; WHEREAS, Landlord and Tenant have agreed to enter into this First Amendment for the purpose of amending the Lease, modifying the Minimum Rent and other further changes, modifications and amendments as agreed to by Landlord and Tenant, all as further hereinafter described. NOW, THEREFORE, for and in consideration of the sum of Ten and 00/100 Dollars ($10.00) in hand paid, the mutual covenants and conditions contained herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Landlord and Tenant hereby agree as follows: 1. Recitals. The recitals set forth hereinabove are fully incorporated into and made a part of this First Amendment. In the event any of the terms and/or conditions of the Lease conflict with the terms and/or conditions of this First Amendment, Landlord and Tenant hereby understand and agree that the terms and/or conditions of this First Amendment shall control. In all other respects, by execution hereof, Landlord and Tenant hereby ratify and confirm the remaining terms and conditions of the Lease. Any terms not otherwise defined herein this First Amendment shall have the same meaning and definition as ascribed to them in the Lease. .f " f.T`� ��� ?, ��,Y�� xT/Y.-�n � . .... . . ), .. .. � . ' ' ,��~� . ... .'�fs .... , � . s �� ,'r�, �..�`,,� �'i�-�.,.. -��.' � t.a , , � . .. � .. . . .,.. . ... ' . . .: . _. � . . � � : . .��.H t� . �� . S:'� .. �. �'�.,...., . :1 � .l f� '\�'�i . . . .r..�.. _.., .., .-. . ..: � . . ,�. . . �.. �:. .. . , i�.,.� . . . ..J . .� , j., ... .,, y ..... _ , . , _ . _. . ..!> . 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Landlord and Tenant hereby understand and agree that commencing as of the Effective Date of this First Amendment, Section 2.01 of the Lease, entitled "MINIMUM RENT", shall be amended by deleting the rent schedule contained in Section 2.01 and shall be replaced with the rent schedule attached as Exhibit A {"Revised Rent Schedule"): 4. Additional Tenant's Work to the Premises. Landlord and Tenant acknowledge and agree Tenant shall be responsible for and shall construct and install a new sign(s) on the Premises in accordance to Exhibit "B" ("Illuminated Sign"}, attached hereto and incorporated herein (hereinafter referred to as "Additianal Tenant's Signage Work"), except as may be modified in the Village's reasonable discretion. To that end, Landlord and Tenant acknowledge and agree: (i) all work for the build out and construction for the Additional TenanYs Signage Work is to be performed by Tenant, at its expense, in accordance with the provisions of the Lease. All Additional Tenant's Signage Work to be done by Tenant shall be at Tenant's sole risk. All Additional TenanYs Signage Work performed by Tenant shall be subject to Landlord's prior written approval, including but not limited to written approval of Tenant's plans and specifications for the illuminated Sign as p�epared by an independent professional. Tenant shall submit the plans for the Additional Tenant's Signage Worlc and the plans for the Illuminated Sign to Landlord. Further, Landlord shall have no responsibility or liability for any loss or damage to any property belonging to Tenant. Tenant shaN obtain, at Tenant's sole expense, all certificates, approva{s, which approvals shall be at Landlords sole discretion, and permits which may be necessary for the commencement and completion of the Additional Tenant's Signage Work. Copies of all such certificates shall be delivered to Landlord. Landlord shall not have any liability or responsibility if the Additional TenanYs Signage Work does not comply with applicable laws, rules and ordinances, Tenant acknowledges that Tenant is responsible for such compliance regardless of Landlord's approval of Tenant's plans. All Additional Tenant's Signage Work shall be performed in accordance with good construction practices, all applicable laws and Landlord's insurance requirements and shall be performed and paid for such that the Premises and the Property shall remain free and clear of inechanic's tiens. All Additional TenanYs Work to the Premises shall be commenced after the Effective Date of this First Amendment and substantially compteted on or before December 31, 2023. This date may be extended at the sole and exclusive discretion of the Village Manager. 5. Bindinq Effect. This First Amendment shall be binding upon and inure to the benefit of the Landlord and Tenant and their respective successors and assigns. 6. "AS-IS, WHERE-IS" State of the Premises. Tenant acknowledges, understands and agrees it is in possession of the Premises and accepts the Premises in the "as-is�, "where-is" condition as of the Effective Date of this First Amendment. 7. Facsimile, Electronic and Counterpart Sianatures. This First Amendment may be executed in any number of counterparts, each of which shall be deemed an original, but all of which together shall be one in the same instrument. For purposes of executing this First Amendment, any signed copy of this First Amendment may be transmitted by facsimile machine or electronically and the signature of any party hereon shall, for purposes of execution hereof, be considered an original signature. Any facsimile or electronic mailing ,.v j��` .. :�: •� .�. . . .. , ry�*�' .,. . �.. �•.}� _ .. . . . .. . . . . i e . .. .. 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('.: . .. _ ....: .'.: . ,, � ,� . . , . . . . - . . ._ '.: � _ .., .!i�...,.. �, .-. . • y ` . . .. ��.1�... .� � . . . _... .. . .... . � e . . b , " . � I I . . ..'�. . ... . . � - . . . .. .. . . .. . .. . s.. .. .. . . . . . . _.. .�...._ ...... - .� ... .. . . ' .. ... . .. �. ' . . ' . . .. ... . , � , '.�ij.� . -?Y� - _ -_ . . : .. :. � .; - _ �� . . : , � � -,� �, . . . . . . . . : :y.�. ..- �,� , ;. . ,.,,.,. . .,,,.! .,., . _.._ i, . . , ;i ... _. �. ..., . . _ - . . . .. , � .. ' �.- .. � _ ". , i� J . �� . . ... � . � . . . .. . . � . of this First Amendment shall, at the request of either Pariy, be re-executed by the other Party in an original form, and neither Party shall raise the use of a facsimile machine or the fact that any signature was transmitted thereby, as a defense to the effectiveness of this First Amendment. 8. Authori . Tenant and each person signing this First Amendment on behalf of Tenant represents to Landlord as follows: (i) Tenant is duly formed and validly existing under the laws of the State of Illinois, (ii) Tenant has and is qualified to do business in Illinois, (iii) Tenant has the full right and authority to enter into this First Amendment, and (iv)each person signing on behalf of Tenant was and continues to be authorized to do so. 9. Estoauel. As of the Effective Date of this First Amendment, Tenant hereby represents, warrants and agrees that: (i) there exists no breach, default or event of default by Landlord under the Lease, or any event or condition which,with the giving of notice or passage of time or both, would constitute a breach, default or event of default by Landlord under the Lease; (ii) the Lease continues to be a legal, valid and binding agreement and obligation of Tenant; and (iii)Tenant has no current offset or defense to its performance or obfigations under the Lease. Tenant hereby waives and re�ases alt demands, charges, claims, accounts or causes of action of any nature against Landlord or Landlord's employees or agents, including without limitation, both known and unknown demands, charges, claims, accounts, and causes of action that have previously arisen out of or in connection with the Lease. 10. No Rearesentations. Landlord and Landlord's agents have made no representations or promises, express or implied, in connection with this First Amendment except as expressly set forth herein and Tenant has not relied on any representations except as expressly set forth herein. 11. Ratification. In all other respects, the Lease, as amended, is hereby ratified and affirmed and shall remain in full force and effect. (SIGNATURES APPEAR ON THE FOLLOWING PAGE) .- : � . � . _ .. .._ . . . . �. i 'i... . _. . � , . .. . . . . � ... .. . ;r,`.i , . 'a`" ;.� -��'� -- �. . ,.. ',:r , .: ,. . . .�. .. . �._ . . , ... _ t �_. " . � . . .. ..� __ .. . . � . : .. 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'_� . �. �. ... � .. .. . . . . , . • . . . .i . c xr.c'�. 4 '" .. .:��'r't7.�'.,i :s aC' .. , �: . . . _ ._ .�f., . . , ,.. . ,� - .., . . ._ '� _ . ;'., ��1�i �,✓t ° . . . , .,,t.t �€" . . ' . . r. .. . . .._' , _ .. ., . . . . .. . 'ia„ ... `"i�,' . .. . . .,;..��.:ia` x . . r . ,.; a-- .�J1:. .. . .. .. . .. , .. . .. � .. .. ' .. . . . . . � . . ,. ., . . .v... .. �_ ..... � l. . . ;4 ` _ -�.. . '.� . � : '�sr .�li.: �... ' . _-. - .� ....�-, ."_' . ,. . . . _ .. _. 'f. . C`�" i 1e , ,.,., . r. , ,. ' . .,q. " �-:,.t��`� , . . .�'� , � � � .i�,�. ., � - , �t�ti„�yR�r .. .r ... l . _ � . . . ..., ... ... .. . , . ..: {d� .t,� . .. i :Z`t .. . ' . . . .. .. . �ry�.'� . . t !.� '}� • . . . �� . . . . . ) f�i� 4, ��l;�;ai�.(��f..,. . .: �.. -:-' :- . ... .. . :'.-, :t .;.' .. . ' . . . . . . � - j;; t . . . .. . . . . . . ' . . . . � � . . . . . . �. ._ ._.'�::, .„i1C'.:. :'1 .. ��'.+, . . .. ' 1 \ �r'�"�.'- .�f!:X�'� ':�(-�'. �$ ; . � . . .. . ._. . ..,, ..._. ..- ._ .., � .. � -.. . . .:.. � . � .,, ..,_ . , .; •;. . ' �i.'s.ts ..���.�.. � . . .� a. .� � . , - . .� . ��., ... . , , S � � . ..�.. .. .. .. K j ... ��� , .4 - ! ... _. IN WITNESS WHEREOF, Landlord and Tenant have executed this First Amendment as of the date and year first above written. LANDLORD: VILLAGE OF BUFFALO GROVE, an Iilinois home rule municipality By: _ Name: DA� � �c�x� Title: U��Ar� M,o^.�bt� Date of Execution: � �� Z 3 TENANT: WJN GOLF LLC, an Illinois limited liability company, d/b/a "WJ Golf" � i ,/ By: . C ��� �, �:. Name: ��� , Ll-.t Title: � Date of Execution: 5 � � � � � � Z � ,. . . .:�.;� > '��i:«.i. d,..�; .- . .... �.xr.'e .. ' ''. 'f� , � . 1 . f r ,. �� .y f.. . . � C, .. . ._ t _ ...�� _ , . . _ . , . .�st'�:. '!' .. . . _ [f _... . ..4�I� � � �.. . . ;1 : _� v % ' �� ., . .. EXHIBIT "A" REVISED RENT SCEDULE Tenant covenants and agrees to pay annual minimum rent ("Minimum Rent") to Landlord, in monthly installments, in advance, according to the following schedule: Due Date Monthly Rent 5/15/2022 $5,000.00 Paid 6/15/2022 $5,000.00 Paid 7/15/2022 $5,000.00 Paid 8/15/2022 $10,416.67 Paid 9/15/2022 $10,416.67 Paid 10/15/2022 $10,416.67 Paid 11/15/2022 $10,416.67 Paid 12/15/2022 $10,416.67 Paid 1/15/2023 $10,416.67 Paid 2/15/2023 $10,416.67 Paid 3/15/2023 $10,416.67 Paid 4/15/2023 $10,416.67 Paid Year2 5/15/2023 $4,583.34 6/15/2023 $4,583.34 7/15/2023 $4,583.34 8/15/2023 $4,583.34 9/15/2023 $4,583.34 10/15/2023 $4,583.34 11/15/2023 $4,583.34 12/15/2023 $4,583.34 1/15/2024 $4,583.34 2/15/2024 $4,583.34 3/15/2024 $4,583.34 4/15/2024 $4,583.34 Total Minimum Annual Rent $55,000.08 Year3 5/15/2024 $10,416.67 6/15/2024 $10,416.67 7/15/2024 $10,416.67 8/15/2024 $10,416.67 9/15/2024 $10,416.67 b;;.;'r . - ��,;� .; �' ,� . . . . .+ � . ._ .,,. ... ,. ,�. . . , . . .. ,.,, :: .� �� ,, , ..r;_ ,.". . �..;�. .!.':� . .. ...:: . . .�� ,.. . ���,����� :�.. ..� �, ;�� ,., :.. . ...�. 4'. . i� _ . . ��}.; yir�� t�.< i .. ` , ' ?.,l!.3b jt .,� ���.,�a..4 _. . _ s ...... .. . ... . .... . .__._._... ��.` � ..�. :� �.r _ _ .. . .. , , . . .... � � , � .. . � .�. . .'`.. �� ' , .. . . , i.: :,r �� . . . . ',� . .C ... ; . .. .. �,. -�. . _ . .. t. � �_ . - . _.�:_. _ � _ . .. : . - -- � � ... �.,� .. . _, . � ... .... � ,p� . . . r . t _ ,�.. �,i. ;�;y.,..:e _ f",� . _ . - y� .. . . i�_���.�`_ . �- . . . ';.��'; . � - . -. . . .� . .. ,. �`, ° . ;_!� � � ��" . .. . . . i'_� _ }. , `{� . �. �. _ . r r , : . . �, � , � . • , r. ;,`,. ;:, 4 _ _ ,�. l4 � . . �� �. . :3:�. . • . � .. .. . , .. _ .i ' ' ' ' , _ . � ,_f;. . `. � .. . - ...G� -t- . ._. .. , .. � .., .� �. .. .: { . .. f�. 10/15i2024 $10,416.67 11/15/2024 $10,416.67 12/15/2024 $10,416.67 1/15/2025 $11,875.00 Additional monthly rent in the amount of $1,458.33 begins for next 48 months 2/15/2025 $11,875.00 3/15/2025 $11,875.00 4/15/2025 $11,875.00 Total Minimum Annual Rent $130,833.36 �� .:�, Year 4 5/15j2025 $12,005.21 � 6/15/2025 $12,005.21 7/15/2025 $12,005.21 8/15/2025 $12,005.21 9/15/2025 $12,005.21 10/15/2025 $12,005.21 11/15/2025 $12,005.21 12/15/2025 $12,005.21 1/15/2026 $12,005.21 2/15/2026 $12,005.21 3/15/2026 $12,005.21 4/15/2026 $12,005.21 Total Minimum Annual Rent $144,062.52 Year 5 5/15�2026 $12,137.04 6/15/2026 $12,137.04 7/15/2026 $12,137.04 8/15/2026 $12,137.04 9/15/2026 $12,137.04 10/15/2026 $12,137.04 11/15/2026 $12,137.04 12/15/2026 $12,137.04 1/15/2027 $12,137.04 2/15/2027 $12,137.04 3/15/2027 $12,137.04 4/15/2027 $12,137.04 Total Minimum Annual Rent $145,644.48 Year 6 5/15j2027 $12,270.53 6/15/2027 $12,270.53 � _ �; - ���-. . .' ' � . . :. . -- , _ '4.. .e , ' � . e, , � . . . 8.� . . . . . fi ;...r' .. i . ... Y A�3)f ` .. � •_ . .�J...� .. . .1.,, ' •t! ' ` . . _.... �(.J;�_S . . , .. . . .� . , f. \ ��. .. _ ` . . .� i.�'4_ ' � �s � r, , ,i. , i, : _. . r 'i , ° . `'£ .�;. , , `�� F' � � � . � .�". f .. . - � .. . .��.` r - ef. y;. ... � . . . .. . .i . .tt , - . . . �. s��,.{-;. ?r . ._ ,. �� ... .. ..•.,..,`�..,. �",.� . � . . . .. .�1 � 1 . i. .. . . , _ . - _ . ,:�..,. y `�, az. .� �{ ,. � ? � ,' y 7/15/2027 $12,270.53 8/15/2027 $12,270.53 9/15/2027 $12,270.53 10/15/2027 $12,270.53 11/15/2027 $12,270.53 12/15/2027 $12,270.53 1/15/2028 $12,270.53 2/15/2028 $12,270.53 3/15/2028 $12,270.53 4/15/2028 $12,270.53 Total Minimum Annual Rent $147,246.36 Year 7 5/15/2028 $12,405.68 6/15/2028 $12,405.68 7/15/2028 $12,405.68 8/15/2028 $12,405.68 9/15/2028 $12,405.68 10/15/2028 $12,405.68 11/15/2028 $12,405.68 12/15/2028 $12,405.68 1/15/2029 $10,947.35 2/15/2029 $10,947.35 3/15/2029 $10,947.35 4/15/2029 $10,947.35 Total Minimum Annual Rent $143,034.84 Year 8 5/15/202� ` $11,084.19 6/15/2029 $11,084.19 7/15/2029 $11,084.19 8/15/2029 $11,084.19 9/15/2029 $11,084.19 10/15/2029 $11,084.19 11/15/2029 $11,084.19 12/15/2U29 $11,084.19 1/15/2030 $11,084.19 2/15/2030 $11,084.19 3/15/2030 $11,084.19 4/15/2030 $11,084.19 ,., ti. ��' '+. � t��.`, ,'`.1 . `� . C ' - a �� .' ;„ �. S_,' !.("� -.k ;� . ��...�..D,''t, \ L.�-s :1 , . �' s .`� a. , t f . _.�. ,_. ._- , . _, ,;. r.. _ �. �C'� v' . � : ("; r ,�,_` a ; t r� _. . . . _ _ ;".. r. . .��-; r ... • . , '4=_ .. --t� . . . -� P.. ' y:. . , -. . `i � �;F'?-� ...=r�.��€7"",i� �.0 , _^�. . , . . .. . -.'f � . . . F�.. .. . n r, ��.. 1-. �� � ' �� '� . . . . � . . .�.:. .... •�. . . �1. - .i , _ � � ,... . � .M1 r . . . .. t ,t i�� A.. a �. .. .. 't4 i ��`' S ;�. �.. .. ' ' _ , . .. . �..a.. 1 �. ... ..L. r.` 1�'� �. _ z ..'� , 4. , . ' . .. , ,, C.. , ` ,t -_- , ., �. _. .. ' _. . ,r- . .},- . �• . .. i`�. �' ��'�'',�� '�a:�A �� � �+';� 'C .���, ta3+" .'�.i.'i�* ;�f"3`�' � . . . . � � � � 1`/R� ' . ' t. . .t`:�,.� � . . . �..... ' �...�1�!-.. � .... . �'. , �.��.�'�y�: . ..�__p ,y.. T'S •_.i. . .. . .. . , ..: �. :l . . :".� � . . ' � r' r,-.i:. , ._ . . . ,g_. . . r_, �. . . . .. „ . i.. . ,_ {" :t ti. . . . .. . . . � . . . . :i� , �� . . �_'�::� ; � - . Total Minimum Annual Rent $133,010.28 Year 9 5/15/2030 $11,222.74 6/15/2030 $11,222.74 7/15/2030 $11,222.74 8/15/2030 $11,222.74 9/15/2030 $11,222.74 10/15/2030 $11,222.74 11/15/2030 $11,222.74 12/15/2030 $11,222.74 1/15/2031 $11,222.74 2/15/2031 $11,222.74 3/15/2031 $11,222.74 4/15/2031 $11,222.74 Total Minimum Annual Rent $134,672.88 Year 10 5/15/2031 $11,363.03 6/15/2031 $11,363.03 7/15/2031 $11,363.03 8/15/2031 $11,363.03 9/15/2031 $11,363.03 10/15/2031 $11,363.03 11/15/2031 $11,363.03 12/15/2031 $11,363.03 1/15/2032 $11,363.03 2/15/2032 $11,363.03 3/15/2032 $11,363.03 4/15/2032 $11,363.03 Total Minimum Annual Rent $136,356.36 1'k�� � .. . � .. �d� i: . ;i.� .S 3��`� a-1'�`1 F . . , . . ' . •. 2'-. 'b ' . . � . . � �t �.? - �'�� � _ r., . . . � . .�_.� ... � . .. .:� �' i � .. . . . �.-....> . ... e' '.. + : s,�,r..,—� , — _ . � . =,.�. __,. <. � _ �.� _5 _ � :, . �,,., I �. ... -.� .T _ . . j f'� .� � � ! . r . s ' t:,. . L; :����� .. S�e� .4�t . .. . � . - �. . ,. .. �. _ '.�f ;f:.._ .. _ .,�,, y< � . �. - '1 . �. .. . . _4 ... . .. _ .. . . . �.. � .. v . ,...� :L� . 1 . . . . . .. �.. _�' . _. ..'e�•_ .. .. . C .. . , �: �.f_ fi' � 1, �.�p�' fx� t'. . ' .. . . Y'�� . EXHIBIT "B" TENANT'S ILLUMINATED SIGN DEPICTION 9 I �z�s . j '�� i ..-.y �s;, 3�� � s� � P�a�:.:f.