Subcouncil resolution details

Subcouncil 2

Agenda item no

02SUB 14/3/2023

Subject

PROPOSED LEASE ON A PORTION OF ERF 23457-0-2 BRACKENFELL, DE BRON ROAD FOR A 12 METRE MINOR FREESTANDING TELECOMMUNICATION BASE STATION: RICH REWARD LEASING (PTY) LTD.

Meeting date

Wednesday, March 15, 2023

Resolution

Approved

Date closed

Thursday, March 30, 2023

Resolution detail

02SUB 14/3/2023	PROPOSED LEASE ON A PORTION OF ERF 23457-0-2 BRACKENFELL, DE BRON ROAD FOR A 12 METRE MINOR FREESTANDING TELECOMMUNICATION BASE STATION: RICH REWARD LEASING (PTY) LTD. Isaac Martin was present for the item.
	RESOLVED unanimously by Subcouncil 2 that the lease of a portion of City land, being a portion of Erf 23457-0-2 Brackenfell, De Bron Road, shown hatched and lettered ABCD on the attached sketch marked Annexure A, in extent approximately 25 m², to Rich Rewards Leasing (Pty) Ltd, be approved subject to inter alia the following conditions, that: A City approved rental of R4 770,00 per month excluding VAT where applicable be payable; The rental will escalate at 6% per annum; The lease will endure for a period of 10 years, plus an option to renew for a further 10 years, subject at any time to 2 months’ notice of termination; The proposed leased area to be used for telecommunication infrastructure purposes only; Subject to such further conditions imposed by the acting Director: Property Management in terms of his delegated authority; Subject to compliance with any other statutory requirements; No compensation will be payable for any improvement made to the property.
	ACTION: ISAAC MARTIN