Subcouncil resolution details
Subcouncil 16
Agenda item no
16SUB 14/6/2023
Subject
PROPOSED LEASE OF A PORTION OF PUBLIC STREET, PORTION OF ERF 2826 ORANJEZICHT, UPPER BUITENKANT STREET, ORANJEZICHT FOR PARKING, LANDSCAPING AND SIGNAGE PURPOSES: ENGEN PETROLEUM LIMITED.
Meeting date
Monday, June 19, 2023
Resolution
Approved
Date closed
Monday, July 17, 2023
Resolution detail
RESOLVED to RECOMMEND that the lease of Portion of Public Street, being a Portion of Erf 2826 Oranjezicht situated at Upper Buitenkant Street, Oranjezicht, shown hatched and lettered ABC on the attached plan STC 2945 marked Annexure A attached to the report, in extent approximately 94m², to Engen Petroleum Limited, owner of Erf 2825 or their successors in title, BE APPROVED subject, to inter alia the following conditions, that:
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A market rental of R 3 200.00 per month (exclusive of VAT but Inclusive of rates) calculated at the rate applicable at the time of
transaction be payable;
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The monthly rental is to be adjusted on the basis of 6% per annum compouned annually on a pro rata basis commencing 6 months after date of valuation i.e from 01/03/2023;
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The lease will endure for a period of 10 (ten) years; rental to be reviewed after 5 (five) years;
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The property be used for parking, landscaping and signage purposes only;
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Subject to such further conditions imposed by the Director: Property Management in terms of his delegated authority;
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Subject to compliance with any other statutory requirements.
ACTION: D FRANKEN
