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Subcouncil resolution details

Subcouncil resolution details

Subcouncil 16

Agenda item no

16SUB 13/8/2021

Subject

PROPOSED LEASE OF PORTION OF PUBLIC STREET, ABUTTING ERF 175934 CAPE TOWN, VICTORIA ROAD, WOODSTOCK FOR SECURITY PURPOSES: REX TRUEFORM CLOTHING COMPANY LIMITED

Meeting date

Monday, August 23, 2021

Resolution

Approved

Date closed

Sunday, September 05, 2021

Resolution details

 RESOLVED to RECOMMEND that the lease of Portion of Public Street, abutting Erf 175934 Cape Town, situated on Victoria Road, Woodstock, shown hatched and lettered A curve BCD on the sketch STC 2728 marked annexure A, attached to the report in extent approximately 50m², to Rex Trueform Clothing Company Limited 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;
 
  1. The lease will endure for a period of ten years;
 
  1. The rental will be adjusted annually in terms of the rental tariff structure as approved by Council;
 
  1. The property be used for security purposes only;
 
  1. Subject to such further conditions to be imposed by the Director: Property Management in terms of his/her delegated authority;
 
  1. Subject to compliance with any other statutory requirements;
 
  1. No compensation will be payable for any improvement made to the property.

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