Subcouncil 4

Resolution detail

RESOLVED TO RECOMMEND

Subcouncil 4 resolved that the Proposed Granting of In-Principle Approval for the sale, by way of a Public Competitive Process, of City-Owned Vacant Erf 28367, (Unregistered Portion of Remainder Erf 9075 Goodwood), situated at 265 Halt Road, Elsies River, Goodwood, Zoned Local Business 2 BE APPROVED, subject inter alia to the following conditions, that;
 
a. In terms of section 14 (2)(a) and (b) of the Municipal Finance Management Act (MFMA), Act 56 of 2003:

1. Council resolves that Erven 28367 Goodwood, (unregistered portion of remainder Erf 9075 Goodwood, situated at 265 Halt Road, Elsies River in extent approximately 852 m², zoned Local Business 2, shown lettered ABCD on the attached Plan LIS 2266 (Annexure A), not be required for the provision of the minimum level of basic municipal services;
2. Council confirm that fair market value of the assets described in (a)(i) and the economic and community value to be received in exchange for the assets described in (a)(i) have been considered.

b. In terms of regulation 5(1)(b) of the Municipal Asset Transfer Regulations (MATR), R878 promulgated on 22 August 2008, Council approves in principle the transfer Erf 8367, Goodwood as described in (a)(i);

c.  Erf 8367, Goodwood 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.

d.  The comments and recommendations provided by Provincial Treasury, be noted.