Subcouncil 16

Resolution detail

 RESOLVED to RECOMMEND that the lease of portion of City land, being a portion of Erf 28095 Cape Town, off Liesbeeck Parkway, Observatory, shown hatched and lettered ABCD on the sketch STC 3243v0 marked Annexure A attached to the report, in extent approximately ± 19m², to MTN (Pty) Ltd, BE APPROVED subject to inter alia the following conditions:
 

1. A City approved rental of R12 489,39 per month excluding VAT where applicable be payable;

2. The rental will escalate at 8% per annum;

3. The lease will endure for a period of ten years, plus an option to renew, subject at any time to 2 months’ notice of termination;

4. The proposed leased asrea to be used for telecommunication

5. Subject to such further conditions imposed by the Director: Property Management in terms of her delegated authority;

6. Subject to compliance with any other statutory requirements;

7. No compensation will be payable for any improvement made to the property;

8. All outstanding accounts with the City of Cape Town be settled;

1. No lease agreement will be concluded until the Land Use application and an Electricity supply application being approved.