Subcouncil 22

Resolution detail

RESOLVED It is recommended that: The lease of portion of erf 4431Eersterivier, situated off Mirage Avenue, shown hatched and lettered ABCD on the attached sketch ET 574 marked annexure A, in extent approximately 100 m2 to Atlas Towers (PTY) LTD, be approved subject to inter alia the following conditions, that: a) A City approved rental of R9 914.40 per annum excluding VAT of 14% where applicable, being R1 388.02 (in total - R11 302.42) be payable; b) The lease will endure for a period of ten years, plus an option to renew for ten years, subject at any time to six months’ notice of termination; c) The rental will escalate at 8% per annum; d) The property be used for Telecommunications Infrastructure only; e) Subject to such further conditions to be imposed by the Director: Property Management in terms of her delegated authority; f) Subject to compliance with any other statutory requirements; g) No compensation will be payable for any improvements made to the property. ACTION: OKKIE MANUELS / SHIRLEY LUMKWANA / GERRIT MOSTERT / HEINRICH FRITZ