Subcouncil 16

Resolution detail

RESOLVED to RECOMMEND that the lease of a portion of City land, being a portion Erf 168228 Cape Town, 45 Montreal Road, Mowbray, shown hatched and lettered ABCDEFGH on the attached sketch marked Annexure A, in extent approximately 5.38 m², to Rich Rewards Leasing (Pty) Ltd, be approved subject to inter alia the following conditions, that:

a) A City approved rental of R4 770 per month excluding VAT where applicable be payable;

b) The rental will escalate at 6% per annum;

c) The lease will endure for a period of 10 years, subject at any time to 2 months’ notice of termination;

d) The proposed leased area to be used for telecommunication infrastructure purposes only;

e) Subject to such further conditions imposed by the Director: Property Management in terms of his delegated authority;

f) Subject to compliance with any other statutory requirements;

g) No compensation will be payable for any improvement made to the property;

h) The objections received during the public participation process not be upheld.