Subcouncil 16

Resolution detail

Mr Saul Jacobs represented the Property Department.
 
This report was inadvertently sent to Cllr Patrick Chapple, Ward 57, instead of Cllr Brandon Golding, Ward 77.
 
UNANIMOUSLY RESOLVED that:
 

1.  the proposed closure of City-owned immovable property:  portion of Erf 115723 Cape Town (public street) situated on Ummah Close, Zonnebloem BE DEFERRED until the next Subcouncil meeting.

2. the report be forwarded to Cllr Golding.

1. Council resolve that, in terms of  section 14 of the Local Government: Municipal finance Act, Act 56 of 2003,that the subject property being  a portion of  Erf  115723 Cape Town, (Public Street),situated on  Ummah Close, Zonnebloem, in extent  approximately 14m²,shown hatched and lettered  ABCD on the plan STC 3073 marked Annexure A attached to the report 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.

2. Council APPROVE the granting of in-principle approval in terms of regulation 5(1) b(ii) of the municipal Asset Transfer Regulations for the transfer of a portion of erf 115723 Cape Town (public street) situated on Ummah Close, Zonnebloem in extent approximately 14m², shown hatched and lettered ABCD on the plan STC 3073 marked Annexure A attached to the report
3. Council, in terms of section 4 of the City of Cape Town Immovable Property By-Law,2015, APPROVE of the closure of the subject property being a portion of Erf 115723 Cape Town (Public Street) situated on Ummah Close,    Zonnebloem, in extent approximately 14m², shown hatched and lettered ABCD on the plan STC 3073 marked annexure A attached to the report. 

4. That the transfer of a portion of Erf 115723 Cape Town (Public Street), in extent approximately 14m², shown hatched and lettered on the plan STC 3073 marked Annexure A attached to the report, to Siraj Waggie and Wasiemah Jassiem, or their successor(s) in title, BE APPROVED, subject to the following condition that:

    
   1. A purchase price of R23 000 excluding VAT be payable:
    
   
   2. The purchase price is to be escalated by 8% per annum compounded  annually on a pro-rata basis, commencing 6 months from date of valuation, i.e from 1 November 2018 until date of registration;
    
   
   3.  The valuation is to be reviewed if the transaction is not implemented within 18 months from date of valuation,i.e by 1 November 2019
    
   
   4. Rates and municipal charges, if applicable, be levied