Subcouncil resolution details

Subcouncil 6

Agenda item no

06SUB 21/4/2024

Subject

NOTE THE DEVIATION FROM THE COMPETITIVE PROCESS IN RESPECT OF THE PROPOSED GRANTING OF RIGHTS TO USE VIABLE CITY-OWNED LAND: ERF 12658, 76 INDUSTRIA RING ROAD, RAVENSMEAD, CAPE TOWN, KNOWN AS RAVENSMEAD BUSINESS HIVES TO NEW HORIZONS COMMUNITY INITIATIVE NPO FOR A PERIOD OF FIVE YEARS

Meeting date

Monday, April 15, 2024

Resolution

Recommend

Date closed

Tuesday, April 23, 2024

Resolution detail

Subcouncil 6 SUPPORTED and NOTED the report and recommended to the Immovable Property Adjudication Committee that the granting of rights to use viable City-owned land: Erf 12658 situated at 76 Industria Ring Road, Ravensmead, Cape Town shown on the attached local area map marked annexure A to the report, in extent approximately 3996m², to New Horizons Community Initiative NPO, be noted subject to inter alia the following conditions, that:

a.       A nominal rental equal to the Social Care tariff of R1250.00 per annum
          including VAT calculated at the rate applicable at the time of transaction
          be payable. Rates not applicable;

b.       The lease will endure for a period of 5 years;

c.       The rental will be adjusted annually in terms of the Social Care rental
          tariff structure as approved by Council;

d.       Conditional twelve-month notice of cancellation of lease may be based
          on completion of processes ensuring property is market ready.                    .

FOR ATTENTION: ALAN CAMERON