Subcouncil 7

Resolution detail

RESOLVED TO RECOMMEND that
 

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

1. Council resolve that Cape Farm 311 portion 47, Hexrivier Road, Kraaifontein, zoned Agricultural (AG) and 10 000 m² in extent, shown in the disposal plan reflected on agenda page 270 (Annexure A), is not required for the provision of the minimum level of basic municipal services;

2. 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;

2. 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 sale of Cape Farm 311 portion 47, Hexrivier Road, Kraaifontein, as described in (a)(i);

3. Cape Farm 311 portion 47, Hexriver Road, Kraaifontein be sold by public competition for community purposes, subject to conditions to be imposed by the Director: Property Management in the exercise of her delegated authority;

4. 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;
5. As part of the envisaged purpose, activities that will promote healthy and sustainable communities with a specific focus on social cohesion programmes for example ECD, care for the elderly, etc. must be provided.