Subcouncil 8

Resolution detail

For noting by Subcouncil 8
 
It is recommended that

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

1. Council resolves that Erf 5975, situated at 25 Hope Street, Strand, in extent approximately 534m², zoned Single Residential 1: Conventional Housing, shown lettered ABCDE on the attached Plan LIS 2249 (Annexure A), not be required for the provision of the minimum level of basic municipal services;

2. 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;

1. In terms of Regulation 5(1)(b) of the Municipal Asset Transfer Regulation (MATR), R.878 promulgated on 22 August 2008, Council approves in principle the transfer of Erf 5975, Strand as described in (a)(i);
1. Erf 5975, Strand 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.

1. Comments and recommendations provided by the Western Cape Provincial Treasure, BE NOTED.