Subcouncil 16

Resolution detail

RESOLVED that it  BE RECOMMENDED that the lease of City Land, being Erven 1008, 1010 and 1016 Fresnaye, situated at Avenue St Bartholomew, Fresnaye, shown hatched and lettered ABCDEFGHJKLMNPQ on the attached plan STC 3649 marked annexure A, in extent approximately ±12 112m² to Fresnaye Sports Club or its successors in title, be APPROVED subject to inter alia the following conditions:
 
a)    A tariff rental of R1 195.00 per annum including VAT calculated at the rate applicable at the time of transaction be payable.  Rates not applicable;
 
b)    The lease will endure for a period of 10 (ten) years;
 
c)    The rental will be adjusted annually in terms of the rental tariff structure as approved by Council;
 
d)    The property be used for sporting purposes only;
 
e)    Subject to such further conditions to be imposed by the Director: Property Management in terms of his/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) The objection not be upheld.

ACTION:  MANDY TAYLOR