Subcouncil 10

Resolution detail

It is recommended that the subcouncil 10  notes that:

a) In terms of section 14(2)(a) and (b) of the Municipal Finance Management Act (MFMA), Act 56 of 2003;

i) Council resolve that in terms of section 14(2)(a), Erf 30165, Milonji Street, Khayelitsha, zoned Community Zone1 (CO1) in extent +- 760m2, as shown in the locality plan (Annesxure ), is not required for the provision of the minimum level of basic municipal services;

ii) Council confirm tht in terms of section 14(2)(b), the fair market value as well as 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)(ii) of the Municpal Asset Transfer Regulations(MATR) R.878 promulgated on 22 August 2008, Council approves, in principle the transfer of the property as described in (a)(i) by means of a compettive process.

c)  Council confirm 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 that the contents of Regulation 13(2) of the MATR have been duly taken into account when consifering the transfer of the subject property at less than the market value.

d)  Erf 30165, 26 Milonji Street, Ilitha Park Khayelitsha be transferred via public competition, subject to  conditions to be imposed by the Director: Property Management in the excercise of her delegated authority.  
 

 
Action:  R Pandor; S Mukori