Subcouncil resolution details

Subcouncil 6

Agenda item no

06SUB 17/9/2024

Subject

PROPOSED LEASE OF A PORTION OF ERF 16724 BELLVILLE, 4 CORIANDER CRESCENT, VREDENBERG BELLVILLE FOR TELECOMMUNICATION INFRASTRUCTURE PURPOSES: RICH REWARDS LEASING (PTY) LTD

Meeting date

Monday, September 16, 2024

Resolution

Noted

Date closed

Thursday, September 26, 2024

Resolution detail

Subcouncil 6 SUPPORTED and NOTED the report and recommended to Council that the lease of a portion of City land, being a portion of Erf 16724 Bellville, situated at 4 Coriander Crescent, Vredenberg Bellville shown hatched and lettered ABCDEFGHJKLM on the attached sketch marked Annexure A to the report, in extent approximately 6.55 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 received during the public participation process not be
upheld.

.

FOR ATTENTION: GARY DAMMERT