Subcouncil 10

Resolution detail

That Subcouncil 10 SUPPORTS and recommends the proposed granting of in-prinpciple approval for the transfer of remainder Erf 34924 situated in Makabeni road, Khayelitsha to regularise te exsting activity

a)   In terms of Section 14(2)(a) and(b) of the Local Goverment :  Municipal Finance Management Act 56 of 2003;

i)    Council resolve that Remainder Erf 34924 situated at Makabeni Road, Khayelitsha, approximately 2 693 m2 in extent and zoned Community         2, shown lettered ABCDEFGHI on Plan LIS 2159, is not needed to provide the minimum level of basic municipal services ; and 

ii)   Council confirm 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 approve in       principle the disposal of a portion of Remainder Erf 34924, Khayelitsha as described in (a)(i) above;

c)   Any gain or loss incurred by the municipality in respect of the transfer of the asset described in 7(a)(i) be included in the adjustment budget of the municipality (sections 28 and 87 of the Municipal Finance Management Act, Act 56 of 2003), if not budgeted for in the approved annual budget.

Action:      T Madikane; S Makhuleni