Subcouncil 16

Resolution detail

RESOLVED to RECOMMEND that the lease of City Land, Council Garage No 39, being portion of Erf 148 Clifton, situated at The Ridge, Clifton, Cape Town, shown hatched and lettered ABCD on the plan 130009120 marked annexure A attached to the plan, in extent approximately 20m², to Caro Wiese or her successors in title, BE APPROVED subject to inter alia the following conditions, that:
 

1. A market rental of R3 250.00 per month inclusive of rates and excluding VAT calculated at the rate applicable at the time of transaction be payable;

2. The monthly rental shall escalate at 6% per annum compounded annually commencing from 01 September 2022;

3. The above recommended rental is effective and payable as from 01 September 2022;

4.   The lease will endure for a period of 10 (ten) years; subject to a rental review after a period of 5 years;

5. The property be used for parking purposes only;

6. Subject to such further conditions to be imposed by the Director: Property Management in terms of his delegated authority;