Subcouncil 10

Resolution detail

It is recommended that:

Subcouncil 10 SUPPORT the proposed transfer of a portion of remainder erf 793 situated at the Corner of Phakamani Road and Scott Street in Khayelitsha to regularise the existing activity

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

i)        Council resolve that a portion of Remainder Erf 793, situated at the corner of Phakamani Road and Scott Street, Khayelitsha ,                     approximately 986 m2 in extent and zoned Community 2, shown lettered ABCDE on Plan LIS 2251, is not needed to provide the minimum level 
 of basic municipal services; and

ii)       Council confirm that the fair market value of the asset described in (a)(i) and the economic and community value to be received in      exchange for the asset described in (a)(i) have been considered;

b)   In terms of Regulation 5(1)(b) of the Municipal Asset Transfer Regulations (MATR), R 878 promulgated on 22 August 2008, Council approve in principle the dispoasal of a portion of Remainder Erf 793, Khayelitsha as described in (a)(i) above;

c)   Any gain or loss incurred by the municipality in respect of the transfer of the asset described in 7(a)(i) be included in the adjustment budget of the municipality (sections 28 and 87 of the Municipal Finance Mangement Act, Act 56 of 2003), if not budgeted for in the approved annual budget.

Action            : T Madikane; S Makhuleni