Subcouncil 6

Resolution detail

RESOLVED Subcouncil 6 noted and recommended to Council the following: a) That in terms of Section 14(2)(a) and (b) of the Municipal Finance Management Act (MFMA), Act 56 of 2003: i. Council resolve that Erf 31658, situated at 95 Hanover Avenue, Belhar ext 16, Bellville, in extent approximately 3 954m², zoned Community zone 1: Local (CO1), shown lettered ABCDEFG on the plan LIS2018 attached to the report, not be required for the provision of the minimum level of basic municipal services; ii. Council confirm that the fair market value of the asset described in (a)(1) and the economic and community value to be received in exchange for the asset described in (a)(i) have been considered; b) That in terms of Regulation 5(1)(b) of the Municipal Asset Transfer Regulations (MATR), R878 promulgated on 22 August 2008, Council approve in principle the transfer of Erf 31658, situated at 95 Hanover Avenue, Belhar ext 16, Bellville as described in (a)(i). c) Council confirm that when considering the transfer of the property at less than market value as provided for in terms of Clause 15.3 of Council’s Policy on the Management of Certain of the City of Cape Town’s Immovable Property, the contents of Regulation 13(2) of the MATR have been duly taken into account; d) That Erf 31658, situated at 95 Hanover Avenue, Belhar ext 16, Bellville be transferred by public competition, subject to conditions to be imposed by the Director: Property Management in the exercise of her delegated authority. FOR INFORMATION: CHARLENE DELCARME