Subcouncil 20

Resolution detail

The Subcouncil RESOLVED that:
 
It be recommended that the lease of a portion of City land, being a portion of Erf
77572 Cape Town, 137 Churchill Road, Plumstead, shown hatched and lettered
ABCD on the attached sketch marked Annexure A, in extent approximately 18
m², to Rich Rewards Leasing (Pty) Ltd, be approved subject to inter alia the
following conditions, that:
 
a)    A City approved rental of R4 770 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.
 
ACTION: Gary Dammert