Subcouncil resolution details

Subcouncil 10

Agenda item no

10SUB 15/5/2022

Subject

PROPOSED LEASE OF PORTION OF CITY OWNED LAND, ERF 18332-RE KHAYELITSHA, 11 CHARLES MOKOENA STREET, SILVERTOWN, FOR TELECOMMUNICATION INFRASTRUCTURE PURPOSES: RICH REWARDS LEASING (PTY) LTD

Meeting date

Monday, May 16, 2022

Resolution

Date closed

Resolution detail

It is recommended that the lease of portion of City land, being a portion of Erf 18332-RE Khayelitsha, 11 Charles Mokoena street, Silvertown, shown hatched and lettered ABCD on the attached sketch marked Annexure A, in extent approximately 95.96m², to Rich Rewards Leasing Pty Ltd, BE APPROVED subject to inter alia the following conditions, that:

a) A City approved rental of R14 567,51 per month excluding VAT where applicable be payable;
b) The rental will escalate at 8% per annum;
c) 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;
d) The proposed leased area to be used for telecommunication infrastructure purposes only;
e) Subject to such further conditions 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;
h) All outstanding accounts with the City of Cape Town be settled;
i) No lease agreement will be concluded until the Land Use application and an Electricity supply application being approved.

.

Action: Xolisile Twayi;