Subcouncil 21

Resolution detail

RESOLVED
 
                            For noting by Subcouncil 21:
 
                            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 resolve that Erf 27961, Blue Downs, situated at 75 Deputy Road, Fairdale, measuring approximately 2 294m², shown on attached Pan LIS2324, not be required for the provision of the minimum level of basic municipal services;

2. 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;

2. In terms of Regulation 5(1)(b) of the Municipal Asset Transfer Regulations (MATR), R878 promulgated on 22 August 2008, Council approve in-principle the transfer of Erf 27961, Blue Downs as described in (a)(i);

3. Erf 27961, Blue Downs be transferred by public competition, subject to conditions to be imposed by the Director: Property Management in the exercise of her delegated authority.

4. Comments and recommendations provided by Provincial Treasury, be noted.