Subcouncil resolution details
Subcouncil 17
Agenda item no
17SUB 7/4/2021
Subject
PROPOSED LEASE OF PORTIONS OF PUBLIC STREET, ERVEN 61612
AND 61613 CAPE TOWN, BLOMVLEI ROAD, LANSDOWNE FOR PARKING
PURPOSES: DEUCEPROPS 2 CC
Meeting date
Thursday, April 22, 2021
Resolution
Approved
Date closed
Tuesday, May 04, 2021
Resolution detail
RESOLVED that:
It is recommended that the lease of Portions of Public Street, being Erven 61612 and 61613 Cape Town situated off Blomvlei Road, Lansdowne, shown hatched and lettered ABCDEF on the attached sketch STC 3308 marked annexure A, in extent approximately ±540 m², to Deuceprops CC, owners of Erf 62458 or their successors in title, be approved subject to inter alia the following conditions:
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A market rental of R6 100 per month inclusive of rates and excluding VAT calculated per month for a period of 10 years.
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The rental will escalate at 6% per annum from 1 April 2021;
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The lease will endure for a period of ten years. The rental to be reviewed after five years.
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The property to be used for parking 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: Mandy Taylor |
