Subcouncil 1

Resolution detail

UNANIMOUSLY RESOLVED that:
 
The proposed lese of a portion of city land, being Erf 154 Mamre shown lettered ABCDEF on the attached plan TA882v0, marked annexure A, in extent approximately 131m² to the South African Post Office Mamre be approved subject to inter alia to the folllwing conditions;
 

1. A market related rental of R5400.00 per month exclusive of Vat and inclusive of rates be payable;
2. The monthly rental is to be adjusted on the basis of 8% per annum compounded annually commencing 2 months from date of this valuation. Accordingly, the above recommened rental is effective and payable as from 2019-01-01
3. The rental to escalate at 8% per annum for a period of 5 years;
4. The lessee is reposnsible for all municipal services i.e water and electricity
5. The lease will endure for a period of ten years, rental to be reviewes after 5 years;
6. The property be used for office space purpose only;
7. Subject to such further condition to be imposed by the Director Property Management in terms of her delegated authority;
8. Subject to complaiance with any other statutory requirements;
9. No compensation will be payable for any improvement made to the property;
10. All outstanding accounts with the City of Cape Town must be settled;
11. Access must be granted to the City of Cape Town employess upon request to perform maintenance/repair work.