Subcouncil resolution details
Subcouncil 17
Agenda item no
17SUB 9/4/2021
Subject
PROPOSED LEASE OF CITY LAND, ERF 112175 CAPE TOWN, GAMSA
STREET, PENLYN ESTATE FOR PARKING, ACCESS AND GARDENING
PURPOSES: A A E RAWOOT INVESTMENT TRUST
Meeting date
Thursday, April 22, 2021
Resolution
Approved
Date closed
Tuesday, May 04, 2021
Resolution detail
RESOLVED that:
It is recommended that the lease of City Land, being Erf 112175 Cape Town situated off Gamsa Street, Penlyn Estate, shown hatched and lettered ABCD on the attached sketch STC 3589 marked annexure A, in extent approximately ±193 m², to A A E Rawoot Investment Trust, owners of Erf 111845 or their successors in title, be approved subject to inter alia the following conditions:
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A market rental of R850.00 per month inclusive of rates and excluding VAT calculated per month for a period of 10 years.
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The rental will escalate at 6% per annum;
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The lease will endure for a period of ten years. The rental to be reviewed after five years.
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The property to be used for parking, access and gardening purposes only;
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Subject to such further conditions to be imposed by the Director: Property Management in terms of her delegated authority;
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Subject to compliance with any other statutory requirements;
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No compensation will be payable for any improvement made to the
property;
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Action: Mandy Taylor |
