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RESOLVED that:
It is recommended that the lease of public street, being Erf 102152 Cape Town
situated at Second Avenue, Athlone, shown hatched and lettered ABCD on the
attached plan STC 3672 marked annexure A, in extent approximately 20 m², to
Cape Friendly Society, owner of Erf 34433 Cape Town or its successors in title,
be approved subject to inter alia the following conditions:
a) A tariff rental of R631.00 per annum including VAT calculated at the rate
applicable at the time of transaction be payable. Rates not applicable;
b) The lease will endure for a period of ten years;
c) The rental will be adjusted annually in terms of the rental tariff structure as
approved by Council;
d) The property be used for security purposes only;
e) Subject to such further conditions to be imposed by the Director:
Property Management in terms of her delegated authority;
f) Subject to compliance with any other statutory requirements;
g) No compensation will be payable for any improvement made to the property.
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