Subcouncil resolution details
Subcouncil 3
Agenda item no
03SUB 14/6/2022
Subject
GRANTING OF IN-PRINCIPLE APPROVAL FOR THE PROPOSED LEASE OF CITY LAND BEING PORTIONS OF REMAINDER ERF 38295 AND ERF 38296 MILNERTON, SITUATED AT POTSDAM ROAD, KILLARNEY GARDENS, MILNERTON: WESTERN PROVINCE MOTOR CLUB (T/A KILLARNEY INTERNATIONAL RACEWAY)
PROPOSED LEASE OF CITY LAND BEING PORTIONS OF REMAINDER ERF 38295 AND ERF 38296 MILNERTON, SITUATED AT POTSDAM ROAD, KILLARNEY GARDENS, MILNERTON: WESTERN PROVINCE MOTOR CLUB (T/A KILLARNEY INTERNATIONAL RACEWAY)
Meeting date
Thursday, June 23, 2022
Resolution
Recommend
Date closed
Thursday, June 30, 2022
Resolution detail
It is recommended that:
Council grants in principle approval of the lease of portions of Remainder Erf 38295 and Erf 38296 Milnerton, situated at Potsdam Road, Killarney Gardens, Milnerton, in total extent approximately 513 130m² as shown lettered ABCDEFGHJKL on the sketch attached as Annexure A, to Western Province Motor Club (t/a Killarney International Raceway) or its successors in title, in terms of Regulation 34(1)(b) and that
Council approves the lease of portions of Remainder Erf 38295 and Erf 38296 Milnerton, situated at Potsdam Road, Killarney Gardens, Milnerton, in total extent approximately 513 130m² as shown lettered ABCDEFGHJKL on the sketch attached as Annexure A, to Western Province Motor Club (t/a Killarney International Raceway) or its successors in title, subject to inter alia the following conditions, that:
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A below market related rental of R68 600 per month exclusive of rates and VAT calculated at the rate applicable at the time of transaction be payable;
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The monthly rental shall escalate at 8% per annum commencing from date of expiry of the existing lease agreement, i.e. as from 2023-01-01;
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The lease will endure for a period of 15 years, subject to a rental review after 5 years;
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The property be used for a motor vehicle race track, sport and recreational 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 improvements made to the property;
h) The objections submitted by the Environmental and Heritage Management Branch and Water & Sanitation Department not be upheld.
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