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RESOLVED that:
It is recommended that:
a) Council resolve that, in terms of section 14 of the Local Government: Municipal Finance Management Act, Act 56 of 2003, the subject property being a portion of City land abutting Erf 29856, situated off Marivy Street Sybrand Park, Cape Town, in extent approximately 30m², shown by the hatches figure lettered ABCDE, on the attached Plan STC 3102v1 (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 grants in-principle approval in terms of regulation 5(1)(b)(ii) of the Municipal Asset Transfer Regulations for the transfer of a portion of City land abutting Erf 29856 Cape Town, situated off Marivy Street Sybrand Park, Cape Town, in extent approximately 130m², shown hatched and lettered ABCDE, on the attached Plan STC 3102v1 (Annexure “A”);
c) Council in terms of section 4 of the City of Cape Town Immovable Property By-Law, 2015, approve the closure of the subject property being a portion of City land abutting Erf 29856 Cape Town in extent approximately 130m² as shown hatched and lettered ABCDE on Plan STC 3102v1 (Annexure “A”);
d) The transfer of a portion of City land abutting Erf 29856 Cape Town situated off Marivy Street Sybrand Park, Cape Town, in extent approximately 130m², shown hatched and lettered ABCDE, on the attached Plan STC 3102v1 (Annexure “A); to Malcolm Scerri, or its successor(s) in title, be approved, subject to the following conditions, that:
i) A purchase price of R90 000.00 excluding VAT be payable;
ii) The purchase price is to be escalated by 8% per annum compound annually on a pro-rata basis commencing 6 months from date of valuation, 1 August 2019 until date of registration;
iii) Rates and municipal charges, if applicable, be levied.
iv) Subject to such further conditions to be imposed by the Director: Property Management in terms of her delegated authority, inter alia the following:
aa) that all further statutory and land use requirements be complied
with;
bb) that the subject portion of Erf 29840 be consolidated with the
purchaser’s Erf 29856;
cc) that all costs related and incidental to the transaction be borne by
the purchaser.
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