Subcouncil 16

Resolution detail

RESOLVED  to RECOMMEND that the lease of City Land, portion of Public Place and portion of Public Street, portions of Erven 2341 and 2519 Oranjezicht, Glencoe  Avenue, Oranjezicht, Cape Town shown hatched and lettered ABCD and CHJG  on the attached plan STC 3375 marked annexure A, in extent approximately ±131 m² and 115 m², to Mathilda Michelle Joffe or her successors in title, be  approved subject to inter alia the following conditions:

RESOLVED  to RECOMMEND that the lease of City Land, portion of Public Place and portion of Public Street, portions of Erven 2341 and 2519 Oranjezicht, Glencoe  Avenue, Oranjezicht, Cape Town shown hatched and lettered ABCD and CHJG  on the attached plan STC 3375 marked annexure A, in extent approximately ±  131 m² and 115 m², to Mathilda Michelle Joffe or her successors in title, be
approved subject to inter alia the following conditions:
 

1. A market rental of R1 500.00 per month inclusive of rates and excluding  VAT calculated at the rate applicable at the time of transaction be payable;
2. The monthly rental to be adjusted on the basis of 6% per annum  compounded annually commencing 6 months from date of valuation.  Accordingly, The above recommended rental is effective and payable as  from 2020-10-01;
3. The proposed lease term is for a period of 10 (ten) years and is to be   reviewed after a period of 5 (five) years;

4. Beneficial occupation of R1 500.00 per month, escalating at 6 % per  annum be charged as from 2020-10-01 until such time as the lease  agreement is signed;
5. The property be used for driveway access and gardening purposes only;

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

7. Subject to compliance with any other statutory requirements;

8. No compensation will be payable for any improvement made to the  Property