Subcouncil 16

Resolution detail

UNANIMOUSLY RESOLVED to RECOMMEND that the lease of portion of public street, being a portion of Loop Street, abutting Erf 2162 Cape Town situated at Loop Street Cape Town, shown hatched and lettered ABCD on the plan STC 2969v1 marked Annexure A attached to the report, in extent approximately 26m², to Andreas Vaatz owner, of Erf 2162, or his successors in title, BE APPROVED subject to inter alia the following conditions, that: a) A tariff rental of R395.61 per annum excluding VAT of 14% where applicable, being R55.39 ( in total – R451) be payable; b) The lease will endure for a period of ten years; c) The rental will adjusted annually in terms of the rental tariff structure as approved by Council; d) The property be used for security purposes 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 improvement made to the property.