Subcouncil resolution details
Subcouncil 11
Agenda item no
11SUB 14/5/2023
Subject
PROPOSED LEASE OF CITY LAND, PORTION OF PUBLIC STREET, BEING PORTION OF ERF 45906 CAPE TOWN, STANLEY STREET, RONDEBOSCH FOR SECURITY PURPOSES: UNIVERSITY OF CAPE TOWN.
Meeting date
Wednesday, May 17, 2023
Resolution
Approved
Date closed
Monday, May 29, 2023
Resolution detail
|
RESOLVED |
It is recommended that the lease of City Land, Portion of Public Street, being Portion Erf 45906 Cape Town situated at Stanley Street, Rondebosch, Cape Town, shown hatched and lettered ABCDEFGH on the attached plan STC 3394 marked annexure A, in extent approximately 750m², to University of Cape Town or its successors in title, be approved subject to inter alia the following conditions, that:
a) A tariff rental of R4 072.00 per annum including VAT calculated at the rate applicable at the time of transaction be payable. Rates not applicable;
b) The lease will endure for a period of 10 (ten) years;
c) The rental will be adjusted annually in terms of the rental tariff structure as approved by Council;
d) The property be used for security purposes only;
PTMS014 SC report_v20 UNIVERSITY OF CAPE TOWN Page 4 of 15
e) Subject to such further conditions to be imposed by the Director: Property Management in terms of his/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) That the objections not be upheld.
Action: Nomthandazo Vanqa |
