Subcouncil 16

Resolution detail

RESOLVED to RECOMMEND that the lease of City land, Portion of Public Street, being a Portion of Erf 838 Sea Point East situated at Friars Road, Sea Point, Cape
Town, shown hatched and lettered ABCDE curve FGH on the plan
130009241 marked annexure A attached to the report, in extent approximately 499m², to Matriarch Concepts (Pty) Ltd or its successor in title, BE APPROVED subject to inter alia the following conditions, that:
 
    a) A tariff rental of R3 395.00 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 gardening & security purposes only;
 
    e) Subject to such further conditions to be imposed by the Director: Property
         Management in terms of his/her 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: N VANQA