Subcouncil 8

Resolution detail

It is recommended that the lease of portion of public street, being a portion of erf 2616 adjacent to erf 8913 situated at the corner of Grey and Enslin Streets, Strand, shown hatched and lettered ABCDE on the attached plan ET 362 marked annexure A, in extent approximately 22 m², to Raimal Investments No 2 CC, owner of erf 8913, Strand or their successors in title, be approved subject to inter alia the following conditions, that:
 
a.) A tariff rental of R1 177,39 per annum excluding VAT calculated at the rate applicable at the time of transaction be payable. Rates not applicable;
 
b) The rental will be adjusted annually in terms of the rental tariff structure as approved by Council;
 
c) The lease will endure for a period of 10 years, with an option to renew for a further ten years;
 
d) The property be used to regularise an encroachment (retaining wall) only;
 
e) Subject to such further conditions imposed by the Director: Property Management in terms of her delegated authority;
 
f) Subject to compliance with any other statutory requirements;
 
g) No compensation will be payable for any improvement made to the property.