Subcouncil resolution details
Subcouncil 6
Agenda item no
06SUB 22/3/2023
Subject
PROPOSED LEASE ON A PORTION OF ERF 13601-RE BELLVILLE, 1 SALINDA STREET, LABAINCE FOR A 12 METRE MINOR FREESTANDING TELECOMMUNICATION BASE STATION: RICH REWARD LEASING (PTY) LTD
Meeting date
Monday, March 13, 2023
Resolution
Recommend
Date closed
Monday, March 20, 2023
Resolution detail
Subcouncil 6 SUPPORTED and NOTED the report and recommended to the Immovable Property Adjudication Committee that the lease of a portion of City land, being a portion of Erf 13601-RE, Bellville 1 Salinda street, Labaince, shown hatched and lettered ABCD on the attached sketch marked Annexure A to the report, in extent approximately 12 m², to Rich Rewards Leasing (Pty) Ltd, be approved subject to inter alia the following conditions, that:
a) A City approved rental of R 4770,00 per month excluding VAT where
applicable be payable;
b) The rental will escalate at 6% per annum;
c) 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;
d) The proposed leased area to be used for telecommunication infrastructure
purposes only;
e) Subject to such further conditions imposed by the acting Director: Property
Management in terms of his delegated authority;
f) Subject to compliance with any other statutory requirements;
g) No compensation will be payable for any improvement made to the
property. . |
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FOR ATTENTION: GARY DAMMERT
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