Subcouncil 16

Resolution detail

UNANIMOUSLY RESOLVED to RECOMMEND that: a)Council resolve in terms of section 14 of the Local Government Municipal Finance Management Act, Act 56 of 2003, that a portion of Erf 165 Roggebaai situated off Jetty Street, Cape Town hatched and lettered ABC, on the sketch STC 3076 attached to the report marked annexure A is not required 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 approve the granting of in-principle approval for the granting of rights to use and control or manage municipal capital assets by way of transferring a building rights servitude over and under a portion Erf 165 Roggebaai (Public Street) situated off Jetty Street, Cape Town, shown hatched and lettered ABC on the sketch STC 3076 attached to the report as annexure A, in terms of regulation 5 (1)(b)(ii) of the Municipal Asset Transfer Regulations.