Subcouncil 8

Resolution details

 It is recommended that the lease of a portion of public place, being a portion of erf 2418 Gordon’s Bay abutting erf 2330, situated at Chapman Avenue, Gordon’s Bay, shown lettered ABCDEFGH on the attached sketch ET479 marked annexure A, in extent approximately 901m², to the J C J Property Trust, owners of Erf 2330 or their successors in title, BE APPROVED subject to inter alia the following condition, that:
 
                                      (a.)     A tariff rental of R3133.04 per annum excluding VAT                                                     calculated at the rate applicable at the time of transaction                 by payable. Rates not applicable;
 

b.) The lease will endure for a period of ten (10) years with an     option to renew for a further ten (10) years.

c.) The rental will be adjusted annually in terms of the rental        tariff structure as approved by Council; 
 
d.)The property be used for gardening purposes only;

 e.)Subject to such further conditions to be imposed by the Director: Property Management in terms of her delegated authority; 

f.)Subject to compliance with any other statutory requirements;

 g.) No compensation will be payable for any improvement made to the property.      
                               
INFORMATION:
ACTION:  BIBI AYSHA ZOUTENBERG