Subcouncil resolution details

Subcouncil 2

Agenda item no

02SUB 16/11/2019

Subject

PROPOSED GRANTING OF IN-PRINCIPLE APPROVAL FOR THE TRANSFER BY PUBLIC COMPETITION OF VACANT ERF 10809, KRAAIFONTEIN, 118 9TH AVENUE, BELMONT PARK, FOR RESIDENTIAL PURPOSES

Meeting date

Wednesday, November 20, 2019

Resolution

Approved

Date closed

Wednesday, November 27, 2019

Resolution detail

It is recommended that:

In terms of Sections: 14(2) (a) and (b) of the Local Government: Municipal Finance Management Act (MFMA), Act 56 of 2003;

Council resolve that Erf 10809, Kraaifontein118 9^th Avenue, Belmont Park measuring approximately 496m in extent (see attached Annexure A for plan LIS 2028), be regarded as not being required for the provision for the minimum level of basic municpal servics and;
Council confirm that the fair market value of the asset described in (a) (i) and the economic and community value to be received in exhange for the asset described in (a) (i) has been considered.

b)         In terms of Regulation (50 (1) (b) of the Municipal Asset Transfer Regulation (MART), R878 promulgated on 22 August 2008, Council
             approve in prinicple the transfer Erf 10809, Kraaifontein, 118, 9th Avenue, Belmont Park as described in (a) (i), and

c)         Erf 10809, Kraaifontein, 118 9th Avenue, Belmont Park, be transferred by public competition, subject to conditions to be imposed
            by the the Director: Property Management in the exercise of her delegated authority.

INFORMATION: SIYABONGA MGQUBA