Subcouncil resolution details
Subcouncil 17
Agenda item no
17SUB 8/1/2021
Subject
PROPOSED LEASE OF CITY LAND BEING PORTION OF ERF 3581 LANGA, NDABENI STREET, LANGA: VUYISWA EUGINIA TAULE
Meeting date
Thursday, January 21, 2021
Resolution
Approved
Date closed
Tuesday, February 02, 2021
Resolution detail
Cllr Adams supported the application, but wanted to add that there was no water point and requested that the City install a water point.
RESOLVED that:
It is recommended that the lease of portion of Erf 3581 Langa situated at Ndabeni Street, Langa shown hatched and lettered ABCD on the attached sketch STC 2929 marked annexure A, in extent approximately 579 m², to Vuyiswa Euginia Taule, or her successors in title, be approved subject to inter alia the following conditions, that:
a) A market rental of R1 700 per month inclusive of rates and excluding VAT calculated at the rate applicable at the time of transaction be payable;
b) The monthly rental is to escalate at 8% per annum compounded annually commencing from 01 November 2016 until 31 March 2020, thereafter the rental will escalate at 6% per annum;
c) The lease will endure for a period of ten years, subject to a rental review after a period of 5 years;
d) The property be used for purpose of operating a business from a container only;
e) No lease agreement will be concluded until such time that a valid Telkom wayleave is in place.
f) Subject to such further conditions to be imposed by the Director: Property Management in terms of her delegated authority;
g) Subject to compliance with any other statutory requirements;
h) No compensation will be payable for any improvement made to the property.
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Action: Nomthamdazo Vanqa |
