Subcouncil 16

Resolution detail

 RESOLVED to RECOMMEND that the lease of City land, being portions of Erven 2493 and 2728 Cape Town, situated at Summerseat Close, Oranjezicht, shown hatched and lettered ABC on the sketch STC 3359 marked annexure A attached to the report, in extent approximately 43m², to Piccola Investments (Pty) Ltd or their successors in title, BE APPROVED subject to inter alia the following conditions:
 

1. 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;

2. The lease will endure for a period of ten years;

3. The rental will be adjusted annually in terms of the rental tariff structure as approved by Council;

4. The property be used for gardening and security purposes only;

5. Subject to such further conditions to be 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.