Subcouncil resolution details
Subcouncil 6
Agenda item no
06SUB 21/4/2024
Subject
NOTE THE DEVIATION FROM THE COMPETITIVE PROCESS IN RESPECT OF THE PROPOSED GRANTING OF RIGHTS TO USE VIABLE CITY-OWNED LAND: ERF 12658, 76 INDUSTRIA RING ROAD, RAVENSMEAD, CAPE TOWN, KNOWN AS RAVENSMEAD BUSINESS HIVES TO NEW HORIZONS COMMUNITY INITIATIVE NPO FOR A PERIOD OF FIVE YEARS
Meeting date
Monday, April 15, 2024
Resolution
Recommend
Date closed
Tuesday, April 23, 2024
Resolution detail
Subcouncil 6 SUPPORTED and NOTED the report and recommended to the Immovable Property Adjudication Committee that the granting of rights to use viable City-owned land: Erf 12658 situated at 76 Industria Ring Road, Ravensmead, Cape Town shown on the attached local area map marked annexure A to the report, in extent approximately 3996m², to New Horizons Community Initiative NPO, be noted subject to inter alia the following conditions, that:
a. A nominal rental equal to the Social Care tariff of R1250.00 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 5 years;
c. The rental will be adjusted annually in terms of the Social Care rental
tariff structure as approved by Council;
d. Conditional twelve-month notice of cancellation of lease may be based
on completion of processes ensuring property is market ready. . |
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FOR ATTENTION: ALAN CAMERON
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