Subcouncil 2

Resolution detail

It is recommended:
 

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

1. Council resolve that Erf 655, situated at 218 Hoff Street, Peerless park, Kraaifontein in extend approximately 495.61m2, zoned Single Residential 1: Conventional Housing, shown lettered ABCD on the attached Plan LIS 2186 (Annexure A), not be required for 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 transfer of Erf 655, Peerless Park, Kraaifontein, as described in (a)(1);

3. Erf 655, Peerless Park, Kraaifontein be transferred by way of public competition, subject to conditions to be imposed by the Director: Property Management in the exercise of her delegated authority.