Subcouncil resolution details
Subcouncil 21
Agenda item no
21SUB 29/3/2022
Subject
PROPOSED LEASE OF PORTION OF CITY OWNED LAND, ERF 7121 KUILS RIVER (STELLENBOSCH), 22 EXCELSIOR STREET, HIGHBURY FOR TELECOMMUNICATION INFRASTRUCTURE PURPOSES SBA TOWERS (PTY) LTD
Meeting date
Wednesday, March 23, 2022
Resolution
Approved
Date closed
Tuesday, March 29, 2022
Resolution detail
RECOMMENDED
That the lease of portion of City land, being a portion of Erf 7121 Kuils River (Stellenbosch), 22 Excelsior Street Highbury, shown hatched and lettered ABCD on the attached sketch ET706 marked Annexure A to the report, in extent approximately ±78m2, to SBA Towers (Pty) Ltd, be supported subject to inter alia the following conditions, that:
a) A City approved rental of R14 567,51 per month excluding VAT where applicable be payable;
b) The rental will escalate at 8% per annum;
c) The lease will endure for a period of ten years, plus an option to renew, subject at any time to 2 months’ notice of termination;
d) The proposed leased area to be used for telecommunications infrastructure purposes 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;
h) All outstanding accounts with the City of Cape Town be settled;
i) No lease agreement will be concluded until the Land Use application and an Electricity supply application being approved.
j) The objections received during the public participation process not be upheld.
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Action: Gary Dammert / Isaac Martin |
