RECOMMENDED that,
a) In terms of section 14(2)(a) and (b) of the Municipal Finance Management Act (MFMA), Act 56 of 2003:
i. Council resolves that Portion of Remainder Erf 420, situated at 89B Main Road, Simons Town, consisting of five units measuring approximately 915m²; 948 m²; 772 m²; 845 m² and 841 m² in extent, see Annexures A1 – A5 for Locality Plan LIS 2252; Plan LIS 2253; Plan LIS 2254; Plan LIS 2255 and Plan LIS 2256, respectively, zoned Limited Use (LU), Transport Zone 2 (TR 2) and General Residential 1 (GR 1), not be required for the provision of the minimum level of basic municipal services;
ii. 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.
b) In terms of Regulation 5(1)(b) of the Municipal Asset Transfer Regulations (MATR), R.878 promulgated on 22 August 2008, Council approves in principle the transfer of that Portion of Remainder Erf 420, situated at 89B Main Road, Simons Town as described in (a)(i);
c) That Portion of Remainder Erf 420, situated at 89B Main Road, Simons Town 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.
d) In terms of Section 4 of Council’s Immovable Property By-Law 2015, Council approves the public place closure of Portion of Remainder Erf 420, situated at 89B Main Road, Simons Town
e) Comments and recommendation provided by the Western Cape Provincial Treasury, be noted.
