City of Salem Commercial Lease Agreement 2026-06-03
City of Salem Leases Public Works Facility from RCT Properties
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Description
The City of Salem approved a one-year commercial lease with RCT Properties, LLC for the Public Works Department, commencing July 1, 2026, at $1,000 per month, auto-renewable annually with a 5% rent increase. The city is responsible for all utilities under the agreement.
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
Renewal Date
2027-06-30
Renewal Info
Auto-renews annually on July 1st with a 5% increase in rent per year, unless written termination notice is given 30 days prior to renewal.
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