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Subcouncil resolution details

Subcouncil resolution details

Subcouncil 17

Agenda item no

17SUB 15/6/2020 SM

Subject

PROPOSED CLOSURE AND TRANSFER OF A PORTION OF PUBLIC STREET BEING A PORTION OF ERF 29480 CAPE TOWN SITUATED OFF MARIVY STREET, CAPE TOWN ABUTTING ERF 29856 CAPE TOWN: MALCOLM SCERRI

Meeting date

Wednesday, June 17, 2020

Resolution

Approved

Date closed

Thursday, July 02, 2020

Resolution details

 

The Councillors unanimously supported the recommendation of the report.

 

RESOLVED that:

 

It is recommended that:

 

a)    Council resolve that, in terms of section 14 of the Local Government: Municipal Finance Management Act, Act 56 of 2003, the subject property being a portion of City land abutting Erf 29856, situated off Marivy Street Sybrand Park, Cape Town, in extent approximately 30m², shown by the hatches figure lettered ABCDE, on the attached Plan STC 3102v1 (Annexure ”A”) is not required to provide the minimum level of basic municipal services; and has considered the fair market value of the asset and the economic and community value to be received in exchange for the asset;

 

b)    Council grants in-principle approval in terms of regulation 5(1)(b)(ii) of the Municipal Asset Transfer Regulations for the transfer of a portion of City land abutting Erf 29856 Cape Town, situated off Marivy Street Sybrand Park, Cape Town, in extent approximately 130m², shown hatched and lettered ABCDE, on the attached Plan STC 3102v1 (Annexure “A”);

 

c)    Council in terms of section 4 of the City of Cape Town Immovable Property By-Law, 2015, approve the closure of the subject property being a portion of City land abutting Erf 29856 Cape Town in extent approximately 130m² as shown hatched and lettered ABCDE on Plan STC 3102v1 (Annexure “A”);

 

 

 

d)    The transfer of a portion of City land abutting Erf 29856 Cape Town situated off Marivy Street Sybrand Park, Cape Town, in extent approximately 130m², shown hatched and lettered ABCDE, on the attached Plan STC 3102v1 (Annexure “A); to Malcolm Scerri, or its successor(s) in title, be approved, subject to the following conditions, that:

 

i)             A purchase price of R90 000.00 excluding VAT be payable;

 

ii)            The purchase price is to be escalated by 8% per annum compound annually on a pro-rata basis commencing 6 months from date of valuation, 1 August 2019 until date of registration;

 

iii)           Rates and municipal charges, if applicable, be levied.

 

iv)           Subject to such further conditions to be imposed by the Director: Property Management in terms of her delegated authority, inter alia the following:

 

aa) that all further statutory and land use requirements be complied

      with;

 

bb) that the subject portion of Erf 29840 be consolidated with the

      purchaser’s Erf 29856;

cc) that all costs related and incidental to the transaction be borne by

      the purchaser.

 


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