Subcouncil 16

Resolution detail

RESOLVED that the lease of City Land, portions of Erven 31573 and 31570 Cape Town, situated Off Vredenburg Avenue, Rosebank, shown hatched and lettered ABCD on the sketch 130008467 marked annexure A attached to the report, in extent approximately ±140m² to Julian Jacobs or his successors in title, BE APPROVED subject to inter alia the following conditions:
 
a)  A tariff rental of R1 300.00 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 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 and security purposes only;
 
e) Subject to such further conditions to be imposed by the Director: Property
    Management in terms of his/her delegated authority;
 

1. Subject to compliance with any other statutory requirements;

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