Subcouncil 10

Resolution detail

 That sub council 10 recommends that the proposed transfer of erf 55053 Khayelitsha (Sizisa Ukhanyo Pre-School) BE SUPPORTED subject to the following conditions:
 

1. Council resolve that; in terms of section 14 of the Local Government Municipal Finance Management Act 56 of 2003, the subject property, being Erf 55053 Khayelitsha, situated at Mqha Street, Kuyasa, Khayelitsha in extent approximately 1332 m2 as shown lettered ABCDEF on Plan ET 592 (annexure A), 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;
2. Council grants in-principle approval in terms of regulation 5(1)(b)(ii) of the Municipal Asset TRANSFER Regulations for the transfer of Erf 55053 Khayelitsha, situated off Mqha Street Road, Kuyasa, Khayelitsha, in extent 1332m2 as shown lettered ABCDEF on Plan ET 592 (annexure A);
3. The transfer of Erf 55053 Khayelitsha, in extent 1332 m2 as shown lettered ABCDEF on Plan ET 592 (annexure A) to Sizisa Ukhanyo Pre-School, or their successor(s) in title, be approved, subject to the following conditions, that:

 

1. A purchase price of R70 000 excluding VAT be payable;
2. The purchase price is to be escalated by 5% per annum compounded annually on a pro rata basis commencing 6 months from date of valuation (i.e. as from 1 November 2020), until date of registration;
3. This valuation is to be reviewed if not approved by the relevant decision making authority within 24 months from date of valuation (i.e.by 30 April 2022);
4.  Rates and municipal charges, if applicable, be; levied; 
5. Subject to such further conditions to be imposed by the Director: inter alia the following:

aa) that all further statutory and land use requirements be complied with;
bb) that a service servitude be registered over the underground municipal services traversing the subject property;
cc) that a suitable reversionary clause in favour of the City of Cape Town be registered against the title of the property;
dd) that all costs related and incidental to the transaction be borne by the purchaser;

It be confirmed that, when considering the alienation of the land at less than market value, as provided for in terms of Clause 15.3 of Council’s 

 

1. Policy on the Management of Certain of the City of Cape Town’s Immovable Property, the contents of Regulation 13(2) of the MATR has been duly taken into consideration.

 
Action: D Geysman; S Makhuleni