Subcouncil 8

Resolution detail

It is recommended that the lease of City land erf 21129, situated at Simon Street, Nomzamo, shown bordered grey and lettered ABCD on the attached sketch ET466/1 marked annexure A, in extent approximately 1675m², to Fezeko Educare (0410894 NPO), or their successors in title, BE APPROVED subject to inter alia the following condition, that:
 

a.)A tariff rental of R920 per annum excluding VAT           calculated at the rate applicable at the time of transaction        by payable. Rates not applicable;

 b.) The lease will endure for a period of ten (10) years with an       option to renew for a further ten (10) years.
c.)  The rental will be adjusted annually in terms of the rental        tariff structure as approved by Council; 

c.)The property be used for social (educare) purpose 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.