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Meeting date: 18/09/2024
RESOLVED TO RECOMMEND |
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That the lease of City land, being Erf 4812 Eversdale, situated at Carissa Street, Eversdal Heights, Eversdale, shown hatched and lettered ABCD on the plan 130009736 marked Annexure A (agenda page 435), in extent approximately 318m2, to Marthinus Jacobus Van den Berg or his successors in title, BE APPROVED subject, to inter alia the following conditions, that:
A market rental of R700 per month inclusive of rates and excluding VAT calculated at the rate applicable at the time of transaction be payable.
The monthly rental shall escalate at 6% per annum compounded annually commencing 6 months from date of valuation. Accordingly, the above rental is to be adjusted as from 2024-08-01.
(c) The proposed lease term is for a period of ten (10) years, with a review after five (5) years.
(d) The property be used for driveway and gardening purposes only.
(e) Subject to such further conditions imposed by the Director: Property Transactions in terms of delegated authority.
(f) Subject to compliance with any other statutory requirements.
(g) No compensation will be payable for any improvement made to the property. |
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Action: PATRICIA VAN SITTERT |
Meeting date: 18/09/2024
RESOLVED TO RECOMMEND |
. |
That the lease of City land, being Erf 4812 Eversdale, situated at Carissa Street, Eversdal Heights, Eversdale, shown hatched and lettered ABCD on the plan 130009736 marked Annexure A (agenda page 435), in extent approximately 318m2, to Marthinus Jacobus Van den Berg or his successors in title, BE APPROVED subject, to inter alia the following conditions, that:
A market rental of R700 per month inclusive of rates and excluding VAT calculated at the rate applicable at the time of transaction be payable.
The monthly rental shall escalate at 6% per annum compounded annually commencing 6 months from date of valuation. Accordingly, the above rental is to be adjusted as from 2024-08-01.
(c) The proposed lease term is for a period of ten (10) years, with a review after five (5) years.
(d) The property be used for driveway and gardening purposes only.
(e) Subject to such further conditions imposed by the Director: Property Transactions in terms of delegated authority.
(f) Subject to compliance with any other statutory requirements.
(g) No compensation will be payable for any improvement made to the property. |
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Action: PATRICIA VAN SITTERT |
