Subcouncil 15

Resolution detail

 

 It was RESOLVED that Subcouncil 15 SUPPORTED and RECOMMENDED that the lease of city land being, portion of public street, portion of erf 23785 Cape Town, situated at Melon Street, Maitland, shown hatched and lettered abcd on the plan 130006033 marked annexure a, attached to the report, in extent approximately 58m2, Dajaka Trust, owner of erf 146652 Cape Town or its successors in title, be approved subject to inter alia the following conditions:

1. A market rental of R2500.00 per month inclusive of rates and excluding VAT calculated at the rate applicable at the time of transaction be payable.

 

2. The monthly rental shall escalate at 6% per annum compounded annually on a pro rata basis commencing 6 months from date of valuation i.e. as from 1 November 2021. Accordingly, the above recommended rental is effective and payable as from 01 November 2021;

 

3. The lease will endure for a period of 10 (ten) years subject to a rental review after a period of 5 years;

 

4. The property be used for encroachment 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.

 
ACTION:              C DAVIS / N VANQA / SECRETARIAT