Bulawayo City Council To Retake Stands From Beneficiaries
Bulawayo City Council has decided to repossess stands from individuals and companies for failure to settle outstanding balances and rates by the beneficiaries.
Latest council minutes revealed that 10 stands bought in the 1980s have been repossessed.
The stands are located in stands are in Kelvin North, Thorngrove, Tshabalala, Mpopoma, Nketa and Matsheumhlophe suburbs. After repossession, beneficiaries will be given first option to re-purchase the stand at a price to be determined by the city valuer.
In respect to Emhlangeni stands allocated to the beneficiaries in 2012, council minutes read:
The beneficiaries were given a period of 18 months to pay off their outstanding balances but the period elapsed in 2014. The stands are fully serviced and money owed is overdue.
This resulted in the local authority, in 2014, exposing the beneficiaries in the local press encouraging them to settle their debts or risk losing the properties.
More: Chronicle
