Subcouncil 16

Resolution detail

RESOLVED to RECOMMEND that the lease of City-owned immovable property, being unregistered erf 161669 situated at Sir Lowry Road, Cape Town, known as the Goodhope Centre, shown lettered ABCDEFGHJKLMNPQRSTU on the attached plan LIS 1337V2 marked “Annexure A”, in extent approximately 2,4843ha, to Moonlighting Films (Pty) Ltd, be approved subject, to inter alia the following conditions, that:

1. A monthly  market-related rental of R520 000 inclusive of rates, exclusive of VAT, be payable;

       b) The above rental excludes any operational costs i.e. electricity, security  water etc.
       c) The lease will endure for a period of one year, with an option to renew for   one additional year;
       d) The property be used as a film studio and for industry related purposes only; PTMS014 SC report_v18 MOONLIGHTING FILMS (PTY)   
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       e Subject to such conditions imposed by the Director: Property Management  in terms of her delegated authority;
      f)  Subject to compliance with any statutory requirements; and
      g) No compensation will be payable for any improvements made to the   property.