Subcouncil 3

Resolution detail

It is recommended that the lease of a portion of City owned land, being a portion of Erf 34119 Millnerton, situated at Bridle Way, Millnerton, shown hatched and lettered ABCD on the attached Plan No TA 1043v2 and marked Annexure A, in extent approximately 23m² to Green Willows Properties 255 (Pty) Ltd, or its successors-in-title, be approved subject to inter alia the following conditions:
 

1. A market rental of R600,00 per month, excluding VAT, calculated at the rate applicable as the time of the transaction, be payable, Rates is included in the rental;

2. The monthly rental is to be adjusted on the basis of 6% per annum compounded annually on a pro rata basis commencing 6 months from date of valuation, i.e. as from 2021-10-01;

3. The lease will endure for a period of 10 years;

4. Rental must be reviewed after 5 years;

5. The property may be used for road access purpose only;

6. Uninterrupted access must remain to the City buildings situated on Erf 34119 Millerton and in particular by the City’s Electricity department to the substation situated on the property;

7. Subject to such further conditions to be imposed by the Director: Property Management in terms of her delegated authority;

8. Subject to compliance with any other statutory requirements;

1. No compensation will be payable for any improvement made to the property;

10. Uninterrupted access must remain to the 160 mm ? and sewer line situated on the property should maintenance or pipe replacement be required.