Subcouncil 24

Resolution detail

RESOLVED Subcouncil 24 supports the recommendation that: . The lease of portion of public street, being portion of erf 1144, adjacent erf 9357, situated at Audas Street, Somerset West, shown hatched and lettered ABCD on the attached sketch ET 681 marked annexure A, in extent approximately 976 m2, to C & D Investment Trust, owner of Erf 9357 or her successors in title, BE APPROVED subject to inter alia the following conditions, that: a) A tariff rental of R2506.09 per annum excluding 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 ten years with an option to renew for a further ten 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 and security 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. Action: Eleanor Arends Cc: Donavon Geysman