Subcouncil 16

Resolution detail

RESOLVED to RECOMMEND that the lease of a portion of Public Street, Erf 665 and Portion of Erf 765 Bantry Bay, situated at Victoria Road, Bantry Bay, Cape Town shown hatched and lettered ABCDEFGH on the plan 130009544 marked annexure A attached to the report, in extent approximately ±87 m² to Bonne Nouvelle Body Corporate or its successors in title, BE APPROVED subject to inter alia the following conditions:
 

1. A tariff rental of R680.00 per annum including VAT calculated at the rate applicable at the time of transaction be payable.  Rates not applicable;

2. The lease will endure for a period of 10 (ten) years;

3. The rental will be adjusted annually in terms of the rental tariff structure as approved by Council;

4. The property be used for gardening and security purposes only;

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

6. Subject to compliance with any other statutory requirements;

7. No compensation will be payable for any improvement made to the property.