Subcouncil 3

Resolution detail

It is recommended that the lease of a portion of City land, being a portion of Erf 530 Kenridge, situated between De Villiers Avenue and Van der Stel Way, Kenridge, shown hatched and lettered ABCDE on the attached plan TA 1025v0 marked Annexure A, in extent approximately 1 hectare, to Kenridge Sports and Social Club or its successor in title, be approved subject, to inter alia the following conditions, that:

1. A tariff rental of R995.65 per annum excluding 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 10 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 tennis and social club purposes only;

5. Subject to such further conditions 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.