Subcouncil 3

Resolution detail

a)Council resolve that, in terms of section 14 of the Local Government Municipal Finance Management Act 56 of 2003, that the subject property, being Erf 31967 Goodwood, situated between Barnard and Visagie Street, in extent 188 m² in total (47 m² per applicant) and as shown hatched and lettered ABCD on respective Plans TA 819v0, TA 822v0, TA 820v0 and TA 821v0 (Annexure “A1-A4”), is not needed 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 grants in-principle approval in terms of regulation 5(1)(b)(ii) of the Municipal Asset Transfer Regulations for the transfer of Erf 31967 Goodwood, situated between Barnard and Visagie Street, in extent 188 m² in total (47 m² per applicant) and as shown hatched and lettered ABCD on respective Plans TA 819v0, TA 822v0, TA 820v0 and TA 821v0 (Annexure “A1-A4”);

c)Council, in terms of section 4 of the City of Cape Town Immovable Property By-law, 2015, approve the closure of the subject property being a portion of a Public Place, being Erf 31967 Goodwood, situated between Barnard and Visagie Street, in extent 188 m² in total (47 m² per applicant) and as shown hatched and lettered ABCD on respective Plans TA 819v0, TA 822v0, TA 820v0 and TA 821v0 (Annexure “A1-A4”);

d)That the transfer of Erf 31967 Goodwood, in extent 188 m² in total (47 m² per applicant) and as shown hatched and lettered ABCD on respective Plans TA 819v0, TA 822v0, TA 820v0 and TA 821v0 (Annexures “A1-A4”) to L and R Beukes, J and S Eygelaar, A Eksteen and AF Hasses/J Wepener, or their successor(s) in title, be approved, subject to the following conditions, that:

 

1. A purchase price of R140 000 in total which will result in a sales price of R35 000 for each of the four portions, 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 after date of valuation, i.e. from 1 August 2019, until date of registration;

 

3. The valuation is to be reviewed if not approved by the delegated authority within 18 months from date of valuation, i.e. by 1 August 2020;

 

4. Rates and municipal charges, if applicable, be levied; and

 

5. Subject to such further conditions to be imposed by the Director: Property Management in terms of her delegated authority, including inter alia the following:

 
aa)    That all further statutory and land use requirements be complied with;
 
bb)    The subject portions of Erf 31967 Goodwood needs to be consolidated with each applicant’s erf, which consolidation will be registered simultaneous with the registration of transfer;
 
cc)    that all costs related and incidental to the transaction be borne by the purchaser.