Subcouncil 16

Resolution detail

 RESOLVED to RECOMMEND that the lease of a portion of City Land, being portion
of the Remainder of Erf 838  Sea Point, situated at Ocean Drive and Friars Road,
Sea Point, shown hatched and lettered ABC on the sketch STC 3678
marked annexure A attached to the report, in extent approximately 2 m², to Brendon
Body Corporate or their successors in title, BE APPROVED subject to inter alia the
following conditions:
 

1. A tariff rental of R631.00 per annum including VAT calculated at the rate applicable at the time of transaction be payable.  Rates not applicable;

2. The lease will endure for a period of ten years;

3. The rental will be adjusted annually in terms of the rental tariff structure as approved by Council;

4. The property be used for security purposes only;

5. Subject to such further conditions to be imposed by the Director: Property Management in terms of her delegated authority;

6. Subject to compliance with any other statutory requirements;

7. No compensation will be payable for any improvement made to the property.