Subcouncil 7

Resolution detail

RESOLVED TO RECOMMEND
 
That the lease of a portion of City land, being a portion of Erf 16406 Bellville, 2 Shale Street, Stellenridge, shown hatched and lettered ABCDEFGHJKLM on sketch marked Annexure A, in extent approximately 4.88 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, 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 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 / ISAAC MARTIN