Subcouncil 16

Resolution detail

RESOLVED to RECOMMEND that the lease of Council Garage F, being portion of Erf 148-  RE Clifton situated off Victoria Road, Clifton, Cape Town, shown hatched and lettered F on the attached plan 130008655 marked annexure A, in extent
approximately 24m², to Cecil Aubrey Josephson or his successors in title, BE
APPROVED subject to inter alia the following conditions, that:
 


    a)    A market rental of R3 250.00 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 6% per annum compounded annually
          commencing from 01 February 2022;
 
    c) The above recommended rental is effective and payable as from 01
         February 2022;
 
    d) The lease will endure for a period of 10 (ten) years; subject to a rental
         review after a period of 5 years;
 
    e) The property be used for parking purposes only;
 
     f) Subject to such further conditions to be imposed by the Director: Property
         Management in terms of his/her delegated authority;
 
      g) Subject to compliance with any other statutory requirements

ACTION: N VANQA