a)Council resolve that, in terms of section 14 of the Local Government   Municipal Finance Management Act 56 of 2003, that the subject property, being portions of Remainder Erven 103371 and 102425 Cape Town, situated off Balu Parker Boulevard, Gatesville, in extent approximately 9858m² shown hatched and lettered ABCDEFGH on Plan STC 2842 (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;

b)Council grants in-principle approval in terms of regulation 5(1)(b)(ii) of the Municipal Asset Transfer Regulations for the granting of a right to use and control or manage a municipal capital asset by way of transferring a servitude (parking) over portion of Remainder Erven 103371 and 102425 Cape Town, situated off Balu Parker Boulevard, Gatesville, in extent approximately 9858m² as shown hatched and lettered ABCDEFGH on Plan STC 2842 (Annexure “A”);

c)That the granting of a right to use, control and manage a municipal asset by way of transferring a servitude (parking) over portions of Remainder Erven 103371 and 102425 Cape Town, in extent approximately 9858m² shown hatched and lettered ABCDEFGH on Plan STC 2842 (Annexure “A”) to Gatesville Medical Centre Ltd t/a Melomed Hospital Holdings Ltd, or their successor(s) in title, be approved, subject to the following conditions, that:

1. A purchase price of R12 000 000 excluding VAT be payable;

2. The purchase price is to be escalated by 6% per annum compounded annually on a pro-rata basis, commencing 1 May 2018 until 31 March 2020. Thereafter the escalated purchase price shall escalate at 5% per annum until date of registration;

3. Subject to such further conditions to be imposed by the Director: Property Management in terms of her delegated authority, including inter alia the following:

4. that the objections not be upheld.