Subcouncil 8

Resolution detail

RESOLVED to RECOMMEND that;

The lease of a portion of City land, being a portion of Erf 1560 Somerset West, situated at 101A Irene Avenue, Pearl Rise shown hatched and lettered ABCD on the attached sketch marked Annexure A, in extent approximately 7.43 m², to Rich Rewards Leasing (Pty) Ltd, be approved subject to inter alia the following conditions, that:
a) A City approved rental of R5 056, 20 per month (exclusive of electricity and 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 Transactions 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; h) The objections