Subcouncil 16

Resolution detail

RESOLVED to  RECOMMEND that the lease of a portion of City Land, being a Portion of a Public Passage, Erf 3244 and Portions of Erven 3259 and 3270 Cape Town, situated at Van Belans Lane, Cape Town shown hatched and lettered ABCD on the attached plan 130009559 marked annexure A, in extent approximately  114m², to Buiten View Investments (Pty) Ltd, owner of Erven 3261 and 3243  Cape Town or its successor in title, be approved subject, to inter alia the  following conditions, that:
 
a)    A tariff rental of R 1 357.00 per annum including VAT calculated at the rate  applicable at the time of transaction be payable. Rates not
      applicable;
 
b)    The lease will endure for a period of 10 (ten) years;
 
c)    The rental will be adjusted annually in terms of the rental tariff structure as approved by Council; 

d)    The property be used for security purposes only;
 
e)    Subject to such further conditions imposed by the Director: Property  Management in terms of his/her delegated authority;

f) Subject to compliance with any other statutory requirements

ACTION: D FRANKEN / C DAVIS