Subcouncil 4

Resolution detail

Subcouncil 4 RECOMMENDED that: a) The previous decision taken by the former Western Cape Regional Services Council on 19 May 1988, be reviewed and rescinded. b) Council resolve that, in terms of section 14 of the Local Government Muncicpal Finance Management Act 56 of 2003, that the subject property, being Erf 28979 Goodwood, situated off 12th Avenue in Leonsdale, in extent 180 m² as shown cross hatched and lettered ABCD on Plan TA 760v1 (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; c) Council grants in-principle approval in terms of regulation 5(1)(b)(ii) of the Municipal Asset Transfer Regulations for the transfer of Erf 28979 Goodwood, situated off 12th Avenue in Leonsdale, in extent 180m² as shown cross-hatched and lettered ABCD on Plan TA 760v1 (Annexure “A”) d) That the transfer of Erf 28979 Goodwood, in extent 180 m² as shown cross – hatched and lettered ABCD on Plan TA 760v1 (Annexure “A”) to Dawood Abdullah Khan, or his successor(s) in title, be approved, subject to the following conditions, that: i) A purchase price of R90 000, excluding VAT, be payable; ii) The purchase price is to be escalated by 6% per annum compounded annually on a pro-rata basis, commencing from date of valuation, i.e from 1 June 2018, until date of registration; iii) That occupational rent of R450.00 per month, excluding VAT and escalating at 8% per annum, shall be payable as from 1 June 2018, until date of registration; iv) The valuation is to be reviewed if not implemented within 18 months from date of valuation, i.e. by 1 December 2019; v) Rates and municipal charges, if applicable, be levied; and 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: aa) that all further statutory and land use requirements be complied with bb) Erven 28979 and 10774 Goodwood need to be consolidated, which consolidation will be registered simultaneous with the registration of transfer, and cc) that all costs related and incidental to the transaction be borne by the purchaser.