That Subcouncil 10 SUPPORTS the proposed granting of in-principle approval for the transfer, by way of a public competitive process, of vacant erf 4440, situated at 27 Nokwazi Square, Khayelitsha, for residential purposes and recommended that:

a)    In terms of section 14(2)(a) and (b) of the Municipal Finance Management ACT (MFMA), Act 56 of 2003.

i)             Council resolve that Erf 4440, situated at 27 Nokwazi Square, khayelitsha in extent approximately

               321m2, zoned Single Residential 2, shown lettered ABCD on the attached Plan LIS 2163

              (Annexure A), not be required for the provision of the minimum level of basic municipal services;

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 transfer of Erf 4440 situated at 27 Nokwazi Square, Khayelitsha as described in (a)(i);

c)    Erf 4440, Khayelitsha be transferred by way of public competition subject to conditions to be imposed by the Director: Property Management in the exercise of her delegated authority.

d)    Comments and recommendations provided by the Western Cape Provincial Treasury be noted.

Action: E Tyman; S Makhuleni