Subcouncil resolution details

Subcouncil 6

Agenda item no

06SUB 24/7/2024

Subject

PROPOSED LEASE OF A PORTION OF CITY-OWNED LAND, BEING A PORTION OF ERF 24534 BELLVILLE , SITUATED AT LINDA STREET, BELLVILLE: VILLA MONIQUE BODY CORPORATE FOR PARKING PURPOSES

Meeting date

Monday, July 15, 2024

Resolution

Recommend

Date closed

Wednesday, July 24, 2024

Resolution detail

Subcouncil 6 SUPPORTED and NOTED the report and recommended to Council that the lease of a portion of Erf 24534 Bellville, situated at Linda Street, Bellville, shown hatched and lettered ABCD on Plan No 130009561 attached and marked Annexure A to the report, in extent approximately 149 m², to Villa Monique Body Corporate, or its successors-in-title, be approved subject to inter alia the following conditions:

a) A market rental of R1 100 per month, excluding VAT and including rates,
calculated at the rate applicable as the time of the transaction, be payable;

b) The monthly rental is to be adjusted on the basis of 6% per annum
compounded annually commencing from 2024-06-01;

c) The above rental is to be effective and payable as from date of occupation;

d) The lease will endure for a period of ten (10) years;

e) The rental is to be reviewed after a period of five (5) years;

f) The property may be used for parking purposes only;

g) Subject to such further conditions to be imposed by the Director: Property
Transactions in terms of his delegated authority;

h) Subject to compliance with any other statutory requirements;

i) No compensation will be payable for any improvement made to the
property;

j) No buildings or structures of any kind may be erected on the property
without the written consent of the City of Cape Town. .

FOR ATTENTION: GERDA DU PLESSIS