Subcouncil 16

Resolution detail

UNANIMOUSLY RESOLVED to RECOMMEND that: a)Council resolve in terms of section 14 of the Local Government Municipal Finance Management Act, Act 56 of 2003, that a portion of Erf 5488 Cape Town situated at Canterbury Street, Cape Town shown hatched and lettered ABCDE (187m²), on the sketch STC 2700 attached to the report marked 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 approve the granting of in-principle approval for the transfer of a portion of Erf 5488 Cape Town situated at Canterbury Street, Cape Town, shown hatched and lettered ABCDE (187m²), on the sketch STC 2700 attached to the report as annexure A, in terms of regulation 5 (1)(b)(ii) of the Municipal Asset Transfer Regulations c) Council approve of the closure of Erf 5488 Cape Town situated at Canterbury Street, Cape Town shown hatched and lettered ABCDE, on the sketch STC 3048 attached to the report marked annexure A, in terms of section 4 of the City of Cape Town Immovable Property By-Law, 2015.