Subcouncil 16

Resolution detail

 RESOLVED to RECOMMEND that the lease of Portion of Public Street, abutting Erf 175934 Cape Town, situated on Victoria Road, Woodstock, shown hatched and lettered A curve BCD on the sketch STC 2728 marked annexure A, attached to the report in extent approximately 50m², to Rex Trueform Clothing Company Limited or their 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 security purposes only;

5. Subject to such further conditions to be imposed by the Director: Property Management in terms of his/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.