Subcouncil 16

Resolution detail

 RESOLVED to RECOMMEND that the lease of City Land, being a portion of Erven 95694, 95697, 95698, 95699, 95700 and 95703 Cape Town situated on the corner of Mill and Hopeville Street, Gardens, shown hatched and lettered AB curve CDE on the sketch STC 3666v1 marked annexure A attached to the report, in extent approximately ±832m², to Hopeville/Courville Homeowners Association or their successors in title, BE APPROVED subject to inter alia the following conditions:
 

1. A tariff rental of R3 783.00 per annum including VAT calculated at the rate applicable at the time of transaction be payable.  Rates not applicable;

2. The lease will endure for a period of ten years;

3. The rental will be adjusted annually in terms of the rental tariff structure as approved by Council;

4. The property be used for gardening and security purposes only;

5. Subject to such further conditions to be imposed by the Director: Property Management in terms of her delegated authority;

6. Subject to compliance with any other statutory requirements;

7. No compensation will be payable for any improvement made to the property.