Subcouncil resolution details
Subcouncil 16
Agenda item no
16SUB 14/8/2020
Subject
PROPOSED LEASE OF PORTION OF PUBLIC PLACE, ERF 2674 CAMPS BAY, OFF BETA ROAD, BAKOVEN FOR ACCESS PURPOSES: ANNELINE ELFREDA KRIEL AND RUBY C WAX
Meeting date
Monday, August 24, 2020
Resolution
Approved
Date closed
Tuesday, September 08, 2020
Resolution detail
RESOLVED to RECOMMEND that recommended that the lease of Portion of Public Place, being erf 2674 Camps Bay situated off Beta Road, Bakoven, shown hatched and lettered ABCD on the sketch STC 3357 marked annexure A attached to the report, in extent approximately ±2,4 m², to Anneline Elfreda Kriel and Ruby C Wax, owners of Erf 2683 or their successors in title, BE APPROVED subject to inter alia the following conditions:
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A market rental of R750.00 per month inclusive of rates and excluding VAT calculated at the rate applicable at the time of transaction be payable.
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The monthly rental is to escalate at 8% per annum compounded annually commencing from 01 January 2020 to 31 March 2020. Thereafter the rental will escalate at 6% per annum. Rental to be reviewed after a period of 5 years;
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The lease will endure for a period of ten years;
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The property be used for access purposes only;
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Subject to such further conditions to be imposed by the Director: Property Management in terms of her delegated authority;
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Subject to compliance with any other statutory requirements;
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No compensation will be payable for any improvement made to the property.
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ACTION: M TAYLOR / C DAVIS |
