City of Salem Commercial Lease Agreement 2026-06-03
City Approves Lease for Public Works Facility with RCT Properties
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Description
The City of Salem approved a one-year commercial lease with RCT Properties, LLC for 638 East Main Street at $1,000/month for Public Works, beginning July 1, 2026. This agreement will auto-renew annually with a 5% increase unless notice is given by either party.
Contract Details
Contract Amount
$1,000.00/month, with 5% annual increase
Vendor
RCT PROPERTIES LLC
Agency
Town of Salem, IL
Contract Type
FACILITIES
Document Date
June 3, 2026
Contract Term
July 1, 2026 – June 30, 2027, auto-renews annually unless terminated with 30 days’ notice
Renewal Date
2027-06-30
Renewal Info
Lease auto-renews yearly on July 1 with a 5% annual rent increase. Either party may terminate by providing at least 30 days’ written notice prior to renewal. No set maximum renewal period stated.
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City of Salem Regular City Council Meeting Minutes 2026-06-01
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