Subcouncil resolution details
Subcouncil 20
Agenda item no
20SUB 12/2/2023
Subject
PROPOSED GRANTING OF IN PRINCIPAL APPROVAL FOR THE TRANSFER OF CITY OWNED IMPROVED PROPERTY BY PUBLIC COMPETITIVE PROCESS ERF 104334 CAPE TOWN SITUATED AT 54 BISSET STREET, NEWLANDS, ZONNED SINGLE RESIDENTIAL 1, CONVENTIONAL HOUSING
Meeting date
Wednesday, February 15, 2023
Resolution
,Comment
Date closed
Tuesday, February 21, 2023
Resolution detail
RESOLVED:
It is recommended that:
a) In terms of section 14(2)(a) and (b) of the Municipal Finance Management Act (MFMA), Act 56 of 2003:
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Council resolves that Erf 104334 situated at 54 Bisset Street, Newlands, Cape Town in extent approximately 61 4m2 and zoned Single Residential 1 (SR 1 ): Conventional Housing on the attached Plan LIS 2710 not be required for the provision of the minimum level of basic municipal services;
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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.
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In terms of Regulation 50) (b) of the Municipal Asset Transfer Regulations (MATR), R.878 promulgated on 22 August 2008, Council approves in principle the transfer Erf 104334, Cape Town as described in (a) (i);
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Erf 104334, situated at 54 Bisset Street, Cape Town, 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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The comments and recommendations provided by Western Cape Provincial Treasury, be noted;
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The comments and recommendations provided by National Treasury, be noted.
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Action: Gary Dammert |
