Subcouncil 16

Resolution detail

RESOLVED to RECOMMEND the lease of City Land, Council Garage “J”, situated on a portion of Remainder Erf 148 Clifton, The Ridge Road, Clifton, shown hatched and lettered ABCD on the attached plan 130009921 marked annexure A, in extent approximately 24m², to Neal Menashe or his successors in title, BE APPROVED subject to inter alia the following conditions, that:
 
a) A market rental of R3 500.00 per month inclusive of rates and excluding VAT calculated at the rate applicable at the time of transaction be payable;
b) The monthly rental shall escalate at 6% per annum compounded annually commencing 3 months from date of valuation i.e. as from 01 November 2023;
c) The above recommended rental is effective and payable as from 01 November 2023;
d) The lease will endure for a period of 10 (ten) years, subject to a rental review after a period of 5 (five) years;
e) The property be used for parking purposes only;
f) The monthly rental is subject to the condition that the existing garage door be replaced with a fibreglass / alluzinc (white) door at the applicant’s expense;
g) Subject to such further conditions to be imposed by the Director: Property Transactions in terms of his delegated authority;
h) Subject to compliance with any other statutory requirements.