Subcouncil 1

Resolution detail

It is RECOMMENDED that: a)In terms of sections 14(2)(a) and (b) of the Local Government: Municipal Finance Management Act (MFMA), Act 56 of 2003: i)Council resolve that erven 6297, 11557, 11558 situated on Thomas Williams Crescent, Wesfleur, Atlantis, in extent approximately 5 331 m2 , 1500 m2, 1500 m2 respectively and Erf 51 Atlantis Industrial (previously erf 11744 Wesfleur), situated at Christopher Starke Street, Wesfleur, Atlantis, in extent approximately 5 000 m2 , all zoned General Industrial 1, not be required for the provision of the minimum level of basic municipal services; ii)Council confirm that the fair market value of the assets described in (a)(i) and the economic and community value to be received in exchange for the assets described in (a)(i) have been considered; b)In terms of regulation 5(1)(b) of the Municipal Asset Transfer Regulations (MATR), R.878 promulgated on 22 August 2008, Council approved in principle the sale of erven 6297 , 11557 , 11558 and Erf 51 Atlantis Industrial (previously 11744, Wesfleur,) as described in (a)(i); c) Erven 6297 , 11557 , 11558 Wesfleur , Atlantis and Erf 51 Atlantis Industrial (previously 11744, Wesfleur) be sold by public competition, subject to conditions to be imposed by the Director: Property Management in the exercise of the delegated authority; d)Any gain or loss incurred by the municipality in respect of the transfer of the assets be included on the adjustment budget of the municipality (sections 28 and 87 of the MFMA), if not budgeted for in the approved annual budget.