Subcouncil 16

Resolution detail

 RESOLVED to RECOMMEND that the lease of portion of public street, being a portion of remainder Erf 518 Tamboerskloof situated at Hilldene steps off Albert Road, Tamboerskloof, shown hatched and lettered ABCDE on the sketch STC 329v2 marked annexure A attached to the report, in extent approximately 144 m², to Loufield Props (Pty) Ltd, or their successors in title, be approved subject to inter alia the following conditions:
 

1. A tariff rental of R1261.00 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 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;