Subcouncil resolution details

Subcouncil 6

Agenda item no

06SUB 23/3/2022

Subject

PROPOSED LEASE OF CITY LAND, BEING A PORTION OF REMAINDER ERF 12705, ERVEN REMAINDER 12743 AND 12747 BELLVILLE, SITUATED AT MICRO STREET, TRIANGLE FARM, BELLVILLE: PARKER FAMILY FOODS CC

Meeting date

Friday, March 25, 2022

Resolution

Noted

Date closed

Monday, April 04, 2022

Resolution detail

Subcouncil 6 supported and noted the report and recommended to the Immovable Property Adjudication Committee that the lease of a portion of Remainder 12705, Erven Remainder 12743 and 12747 Bellville situated at Micro Street, Triangle Farm, Bellville, shown hatched and lettered ABCD on the attached plan TA 899v1 marked annexure A to the report, in extent approximately 1 735m², to Parker Family Foods CC or its successor in title, be approved subject, to inter alia the following conditions, that:
a) A market rental of R27 000 per month inclusive of rates and excluding VAT
calculated at the rate applicable at the time of transaction be payable;

b) The monthly rental shall escalate at 8% per annum compounded annually
commencing 2 months from date of valuation, i.e. as from 2019-07-01, until
2020-03-31. The rental will thereafter escalate at 6% p.a.

c) The lease will endure for a period of 10 years;

d) The rental must be reviewed after five (5) years;

e) The property be used for storage purposes only;

f) Subject to such further conditions imposed by the Director: Property
Management in terms of her delegated authority;

g) Subject to compliance with any other statutory requirements;

h) No compensation will be payable for any improvement made to the
property;

i) The applicant must obtain the necessary building plan approvals in respect
of the structures situated on the subject property;

j) The applicant must obtain the necessary land use approvals for the
proposed usage of the subject property.

FOR ATTENTION: PATRICIA VAN SITTERT