Subcouncil 20

Resolution detail

RESOLVED TO RECOMMEND
 
Subcouncil 20 supports the recommendation that the lease of City land, being portions of Ervens 46709 and 46717 Cape Town, situated at Kingsbury Park, Rondebosch shown hatched and lettered ABCDEF and GHJ on the attached  sketch STC 2991V1 MARKED Annexure A, in extent approximately 66m² and 17m², to Ruan and Liesl Le Roux, owners of Erf 46710 Cape Town or their successors in title, be approved subject to inter alia the following Conditions, that:
 

1.  A market rental of R500.00 per month inclusive of rates and excluding VAT calculated at the rate applicable at the time of transaction be payable.  The monthly rental is to be adjusted on the basis of 8% per annum compounded annually commencing from date of this valuation.  Accordingly, the above recommended rental is effective and payable as from 01-06-2019.  The rental will be reviewed after five year, beneficial occupation of R350 per month is payable as from 2019-09-01.

2. The lease will endure for a period of ten years.

3. The property be used for parking, gardening and security purposes only.

4. Subject to such conditions to be imposed by the Director:  Property management in terms of her delegated authority.

5. Subject to compliance with any other statutory requirements.

6. No compensation will be payable for any improvement made to the property.