Subcouncil 19

Resolution detail

The Subcouncil supported and recommended that, (a)In terms of section 14(2)(a) and (b) of the Municipal Finance Management Act (MFMA), Act 56 of 2003 (i)Council resolve that erf 7737, Fish hoek, situated at Mountain Road extent approximately 4 753 m2 , zoned Single Residential Zone 1: Conventional Housing (SR1), shown lettered ABCDEF on Plan LIS 1584v0, not be required for the provision of the minimum level of basic municipal services; (ii)Council confirm that the fair market value of the asset described in (a)(i) and the economic and community value to be received in exchange for the asset described in (a)(i); (b)In terms of Regulation 5(1)(b) of the Municipal Asset Transfer Regulations (MATR), R.878 promulgated on 22 August 2008, Council approve in principle the disposal of erf 7737, Fish Hoek, as described in (a)(I); (c)Erf 7737, Fish Hoek be disposed of by public competition, subject to conditions to be imposed by the Director : Property Management in the exercise of her delegated authority; (d)Any gain or loss incurred by the municipality in respect of the transfer of the asset be included in the adjustment budget of the municipality (sections 28 and 87 of the MFMA), if not budgeted for in the approved annual budget. Action: Wilson Baartman