Subcouncil 16

Resolution detail

RESOLVED to  RECOMMEND that the lease of a Portion of City Land, being a Portion of Unconstructed Public Road, Portion of Erf 897 Sea Point East, situated at Barkley Road, Sea Point East, shown hatched and lettered ABD on the attached plan 130002660 marked annexure A, in extent approximately 546m², to Sectional Title Scheme: Ocean Terraces, owner of Erf 1720 Sea Point East, or its successor in title, be approved subject, to inter alia the following conditions, that:
 
a)    A tariff rental of R 4 072.00 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 gardening and security purposes only;
e)    Subject to such further conditions imposed by the Director: Property Management in terms of his delegated authority;
f)     Subject to compliance with any other statutory requirements

ACTION: D FRANKEN / C DAVIS