Subcouncil 16

Resolution detail

RESOLVED to  RECOMMEND that the lease of a portion of a Public Street, being a portion of Unregistered State Land, abutting Erf 5397 Cape Town, situated at Buitenkant Street, Cape Town shown hatched and lettered ABCD on the  attached lease plan 130009806 marked annexure A, in extent approximately  12 m², to Beeshaas Properties Pty Ltd, owner of Erf 5397 Cape Town or its  successors in title, be approved subject, to inter alia the following conditions, that:
 
a)    A tariff rental of R713.00 per annum including VAT calculated at the rate   applicable at the time of transaction be payable. Rates not 
       applicable;

b)    The lease will endure for a period of 10 (ten) years;
 
c)    The rental will be adjusted annually in terms of the rental tariff structure as approved by Council;
 
d)    The property be used for security purposes only;
 
e)    Subject to such further conditions to be 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: Q HENDRICKS /C DAVIS