Subcouncil resolution details
Subcouncil 16
Agenda item no
16SUB 8/9/2019
Subject
PROPOSED CLOSURE OF CITY-OWNED IMMOVABLE PROPERTY: PORTION OF ERF 115723 CAPE TOWN (PUBLIC STREET) SITUATED ON UMMAH CLOSE,ZONNEBLOEM
Meeting date
Monday, September 16, 2019
Resolution
Approved
Date closed
Monday, September 23, 2019
Resolution detail
UNANIMOUSLY RESOLVED to RECOMMEND that:
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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.
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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
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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.
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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:
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A purchase price of R23 000 excluding VAT be payable:
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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;
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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
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Rates and municipal charges, if applicable, be levied
ACTION: S JACOBS
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