Subcouncil 16

Resolution detail

RESOLVED to RECOMMEND that the lease of a portion of City land, being a portion of Erf 1243-RE Vredehoek, situated at 15B Clairwood Avenue, Vredehoek shown hatched and lettered ABCD, EFGH and JKLM on the attached sketch marked annexure A, in extent approximately 6.54 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;

Action: Gary Dammert