Subcouncil resolution details

Subcouncil 2

Agenda item no

02SUB 11/6/2023

Subject

PROPOSED GRANTING OF IN-PRINCIPLE APPROVAL FOR THE TRANSFER BY WAY OF A PUBLIC COMPETITIVE PROCESS OF THE CITY-OWNED PROPERTY, ERF 4808 KRAAIFONTEIN, SITUATED AT 193 VORSTER STREET, PEERLESS PARK WEST, ZONED SINGLE RESIDENTIAL 1: CONVENTIONAL HOUSING (SR1)

Meeting date

Wednesday, June 21, 2023

Resolution

Approved

Date closed

Thursday, July 06, 2023

Resolution detail

Subcouncil 2 recommended that:

In terms of section 14(2)(a) and (b) of the Municipal Finance Management Act (MFMA), Act 56 of 2003:

Council resolves that Erf 4808 Kraaifontein, situated at 193 Vorster Street, Peerless Park West, in extent of approximately 496m2, zoned Single Residential 1: Conventional Housing (SR1) and shown lettered ABCD on the Plan LIS 2847 (attached hereto and marked Annexure A), not be required for the provision of the minimum level of basic municipal services;

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 such asset, has been considered;

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 4808, Kraaifontein, as described in (a)(i);

Erf 4808 Kraaifontein, situated at 193 Vorster Street, Peerless Park West, be transferred by way of public competition, subject to conditions to be imposed by the Director: Property Management in the exercise of their delegated authority; and that

The comments and recommendations provided by the Western Cape Provincial Treasury, be noted.

ACTION: SIBONEL SHABALALA