Subcouncil 16

Resolution detail

 RESOLVED to RECOMMEND that the lease of public street, being portion of Remainder Erf 1 Camps Bay situated at Geneva Drive, shown hatched and lettered ABCD and EFGH edge of wall JK on the plan STC 3614 marked annexure A, attached to the report, in extent approximately 14m² & 58m² respectively, to Stoney Mount Body Corporate, owner of Erf 167 Camps Bay or his successors in title, BE APPROVED subject to inter alia the following conditions:
 

1. A tariff rental of R631.00 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.