Subcouncil resolution details
Subcouncil 24
Agenda item no
24SUB 8/1/2021
Subject
PROPOSED LEASE PORTION OF CITY LAND AND PUBLIC STREET, PORTIONS OF ERVEN 2597, 9356 AND 7307, CORNER OF LOURENSFORD ROAD AND MORGENSTER AVENUE, SOMERSET WEST: RIVERSIDE PARK BODY CORPORATE
Meeting date
Thursday, January 21, 2021
Resolution
Approved
Date closed
Thursday, January 28, 2021
Resolution detail
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RESOLVED |
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Subcouncil 24 SUPPORTS the recommendation:
It is recommended that the lease of portion of City land and public street, being portions of erven 2597, 9356 and 7307 situated at corner of Lourensford Road and Morgenster Avenue, Somerset West, shown hatched and lettered ABCDEFGHJKL, MNPRSTUV and BWXYZA1B1CD1 on the attached sketch EZ 128 marked annexure A, in extent approximately 2 930 m2, to Riverside Park Body Corporate, owner of erf 7367 Somerset West or its successors in title, BE APPROVED subject to inter alia the following conditions:
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A tariff rental of R3 289, 57 per annum excluding VAT calculated at the rate applicable at the time of transaction be payable. Rates not applicable;
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The lease will endure for a period of ten (10) years with an option to renew for a further period of ten (10) years;
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The rental will be adjusted annually in terms of the rental tariff structure as approved by Council;
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The property be used for gardening and security 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: Nompumelelo Faku
Cc: Adele Bannister |
