Subcouncil 16

Resolution detail

RESOLVED  to RECOMMEND that the lease of City Land, portions of Erven 1611 and 887  Green Point, situated at High Level Road, Green Point, shown hatched and lettered ABCDEF on the attached plan 130009298 marked annexure A, in extent  approximately ±83m² to Highacre Investment Company Pty Ltd or their successors in title, be Approved subject to inter alia the following conditions:
 
a) A tariff rental of R680.00 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 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