Subcouncil 17

Resolution detail

RESOLVED that:
 
It is recommended 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 Erf 59720, situated at 42 Hanbury Avenue, Lansdowne,

extent approximately 446m², zoned Single Residential 1: Conventional Housing, shown lettered ABCDE on the attached Plan LIS 2084 (Annexure A), not be 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 transfer of Erf 59720, Lansdowne as described in (a)(i);
 

3. Erf 59720, Lansdowne 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.
 

4. Comments and recommendations provided by Western Cape Provincial Treasury, be noted

ACTION: Mr S Hlengwa