Subcouncil 16

Resolution detail

RESOLVED to RECOMEND that the lease of City Land, Council Garage D, situated on a Portion of Erf 148 Clifton, The Ridge, Clifton, Cape Town, shown hatched and  lettered ABCD and numbered “D” on the attached plan 130009644 marked  annexure A, in extent approximately 24m², to Jarod Kolman or his successors in  title, be approved subject to inter alia the following conditions, that:
 

1. A market rental of R3 400.00 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 2 months from date of valuation i.e. as from 01 May 2023;
3. The above recommended rental is effective and payable as from 01 May 2023

        d)    The lease will endure for a period of 10 (ten) years; subject to a rental  review after a period of 5 years;
 
        e)    The property be used for parking purposes only;
  
        f)    Subject to such further conditions to be imposed by the Director: Property  Management in terms of his delegated authority;
 
        g) Subject to compliance with any other statutory requirements.

ACTION: N VANQA / M CARELSE/ C DAVIS