Subcouncil resolution details
Subcouncil 3
Agenda item no
03SUB 23/8/2022
Subject
PROPOSED LEASE OF CITY LAND, BEING A PORTION OF ERF 11270 MILNERTON, SITUATED AT SANDPIPER CRESCENT, TABLE VIEW, MILNERTON: IBASA (PTY) LTD
Meeting date
Thursday, August 25, 2022
Resolution
Noted
Date closed
Thursday, September 08, 2022
Resolution detail
It was recommended that the lease of a portion of a public place, being a portion of Erf 11270 Milnerton situated at Sandpiper Crescent, Table View, Milnerton, shown hatched and lettered ABCD on the attached plan TA 784v1 marked Annexure A, in extent approximately 96m², to Ibasa (Pty) Ltd, owner of Erf 11212 Milnerton or its successor in title, be approved subject, to inter alia the following conditions, that:
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A tariff rental of R591.30 per annum excluding VAT calculated at the rate applicable at the time of transaction be payable. Rates not applicable;
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The lease will endure for a period of 10 years;
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The rental will be adjusted annually in terms of the rental tariff structure as approved by Council;
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The property be used for gardening and security purposes only;
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Subject to such further conditions imposed by the Director: Property Management in terms of her delegated authority;
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Subject to compliance with any other statutory requirements;
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No compensation will be payable for any improvement made to the property.
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