Subcouncil 8

Resolution detail

It is recommended that: (a) Council resolves that, in terms of section 14 of the Local Government Municipal Finance Management Act (MFMA), Act 56 of 2003, the subject property, Erf 6300 and portion of Erf 3054 Gordon’s Bay, situated at Armstrong Street, Gordon’s Bay, in extent approximately 189m², and shown lettered ABCDEFG on Plan ET615 (Annexure A), is not needed to provide the minimum of basic municipal services and has considered the fair market value of the asset and the economic and community value to the 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 transfer of Erf 6300 and a portion of Erf 3054 Gordon’s Bay, situated at Armstrong Street, Gordon’s Bay in extent approximately 189m² as shown lettered ABCDEFG on Plan ET615 (annexure A); c) Council, in terms of section 4 of the City of Cape Town Immovable Property By-law, 2015, approve the closure of the subject property being a Erf of a Public Street, being a Erf 6300 and portion of Erf3054 Gordon’s Bay, in extent approximately 189m² as shown lettered ABCDEFG on Plan ET615 (Annexure A0; d) That the transfer of Erf6300 and portion of Erf 3054 Gordon’s Bay, in extent approximately 189m² as shown lettered ABCDEFG on Plan ET 615 (annexure A) to Pieter Morne Ahrens, or its successor(s) in title, BE APPROVED, subject to the following conditions, that: i) A portion of erf3054 be subdivided and the subdivided portion be consolidated with erven 6300 and 3202 Gordon’s Bay at the cost of the purchaser; ii) A 6.0m servitude in favor of the City of Cape Town be registered over the services traversing the property; iii) A purchase price of R145 000. 00 excluding VAT be payable; iv) The purchase price is to be escalated by 6% per annum compounded annually on a pro-rata basis, commencing 6 months from date of valuation, i.e. from 01-04-2018, until date of registration; v) This valuation is to be reviewed if not implemented within 18 months from date of valuation, i.e. by 01-04-2019; vi) Subject to such further conditions to be imposed by the Director: Property Management in terms of her delegated authority, including inter alia the following, that: aa) all rates and municipal charges, if applicable; bb) all cost related and incidental to the transaction be borne by the purchaser. ACTION: ANNEKE KLUE