Subcouncil 16

Resolution detail

 RESOLVED to RECOMMEND that the lease of a portion of a City Land, being
portion of Erf 649 Bantry Bay, situated at Corner Victoria and Seacliff Road, Bantry
Bay, shown hatched and lettered ABCDEFG on the sketch STC 3617
marked annexure A attached to the report, in extent approximately 75 m², to Judd
Harvey Smith or his 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.