Subcouncil 16

Resolution detail

RESOLVED to recommend that:
 
      a) Council resolve that, in terms of section 14 of the Local Government
           Municipal Finance Management Act 56 of 2003, the subject property,
           being a portion of Erf 14853 Cape Town situated at Brickfield Road,
           Salt   River, in extent approximately 4m² as shown hatched and
           lettered ABC on plan STC 3645 (Annexure “A”), is not needed 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 Erf  14853 Cape Town situated at Brickfield Road, Salt River,
          in  extent  approximately 4m² as shown hatched and lettered ABC on
          plan  STC 3645  (Annexure “A”);  PTMS076 SC report_v19 SHAPERON
          PROPERTIES  SHARE BLOCK (PTY) LTD Page 4 of 24
 
      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 Erf 14853 Cape Town situated at Brickfield Road,
          Salt River, in extent approximately 4m² as shown hatched and
          lettered ABC on plan  STC 3645 (Annexure “A”)


       d) The transfer of a portion of Erf 14853 Cape Town situated at Brickfield
           Road, Salt River, in extent approximately 4m² as shown hatched and
           lettered ABC on plan STC 3645 (Annexure “A”) to Shaperon
           Properties  Share Block (Pty) LTD or their successor(s) in title, be
           approved, subject  to   the following conditions, that:
 

1. A purchase price of R70 000, excluding VAT, be payable;

 

2. The purchase price is to be escalated by 5% per annum 

           compounded annually on a pro rata basis commencing
            from 1    February 2021 until date of registration.
 

3. The valuation is to be reviewed if not approved by the relevant   decision making authority of Council within 36 months from current  date of valuation, i.e. by 30 June 2025.

 

4.  An occupational rental of R550 per month shall be payable from 1   February 2021 escalating at 6% per annum, until date of registration  of transfer.

 

5. Rates and municipal charges, if applicable, be levied;

 
 
vi)       Subject to such further conditions to be imposed by the
           Director:   property Management in terms of her delegated
           authority, including    inter alia the following:
 
           aa) that all further statutory and land use requirements be
                 complied with;

           bb) that the subject portion of Erf 14853 Cape Town be
                  consolidated with the purchaser’s Erf 13756 Cape
                  Town.
 
           cc) that all costs related and incidental to the transaction
                  be   borne by the purchaser