That Subcouncil 10 SUPPORTS and recommends that:

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

i)     Council resolves that Erf 24928, unregistered portion of Remainder Erf 25031

           Khayelitsha, situated at 28 Natchez Crescent, Khayelitsha in extent approximately

          144 m2, zoned Single Residential 2, shown lettered ABCD on the attached plan LIS

          2184 (Annexure A), not be required for the provision of the minimum level of basic    

          municipal services;

ii)            Council confirms 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 approves in principle the transfer of Erf 24928, Khayelitsha as described in (a)(i);

c)    Erf 24298, 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.     

Action: P Khatsolo; S Makhuleni
          .