Subcouncil 15

Resolution detail

It was RESOLVED that subcouncil 15 recommends that the lease of City Land, a Portion of Public Open Space, being Erf 30369 Cape Town, shown hatched and lettered ABCD on  plan 130009081 marked annexure A, attached to the report,  in extent approximately 178m² to Helen Keller Park Body Corporate or its successor in title, be approved subject to inter alia the following conditions, that:
 

1. A market rental of R1 350.00 per month inclusive of rates and excluding VAT calculated at the rate applicable at the time of transaction be payable;

2. The monthly rental shall escalate at 6% per annum compounded annually commencing 6 months from date of the valuation, i.e. as from 01 March 2023;

3. The above recommended rental is effective and payable as from 01 March 2023;

4. The lease will endure for a period of 10 (ten) years; subject to a rental review after a period of 5 years;

5. The property be used for access purposes only;

6. Subject to such further conditions to be imposed by the Director: Property Management in terms of his/her delegated authority;

7. Subject to compliance with any other statutory requirements.