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That Subcouncil 10 SUPPORTS and recommends that:
a) In terms of section 14(2)(a) and (b) of the Municipal Finance Management Act (MFMA), Act 56 of 2003:
i) Council resolves that Erf 24962, unregistered portion of Remainder Erf 25031
Khayelitsha, situated at 21 Delta Street, Khayelitsha in extent approximately
146 m2, zoned Single Residential 2, shown lettered ABCD on the attached plan LIS
2185(Annexure A), not be required for the provision of the minimum level of basic
municipal services;
ii) Council confirms 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 approves in principle the transfer of Erf 24962, Khayelitsha as described in (a)(i);
c) Erf 24962, Khayelitsha 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.
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