Subcouncil 16

Resolution detail

 RESOLVED to RECOMMEND that the lease of portions of Erf 1 Tamboerskloof, situated at corner of Carisbrook and Buitengracht Streets, Tamboerskloof, shown hatched and lettered ABC and DEFG on the sketch STC 3403 marked annexure A, attached to the report, in extent approximately ±5m² and 1m², to August Asset Management CC or their 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 gardening 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.