RESOLVED that:
.
The members SUPPORTED the lease of a portion of Public Street, being portion of
Erf 47801 Cape Town, situated at Palmboom Road, Newlands, shown hatched
and lettered ABCD on the attached plan STC 3205 marked annexure A, in
extent approximately 81m², to Highton Properties Limited or its successors in
title, be approved subject to inter alia the following conditions:
a) A tariff rental of R680.00 per annum including VAT calculated at the
rate applicable at the time of transaction be payable. Rates not
applicable;
b) The lease will endure for a period of 10 (ten) years;
c) The rental will be adjusted annually in terms of the rental tariff
structure as approved by Council;
d) The property be used for gardening purposes only;
e) Subject to such further conditions to be imposed by the Director:
Property Management in terms of his/her delegated authority;
f) Subject to compliance with any other statutory requirements;
g) No compensation will be payable for any improvement made to the
property.
.
Action: S Tshandu
