VCID Membership
All Membership documentation is available under Meetings - AGM
Please note the following:
- Per article 12.2.1 of the Memorandum of Incorporation (MOI), only property owners who are liable for paying the additional rate (additional rate payers) are entitled to membership of the company.
- Per article 15.11.5 of the MOI, any members who are in arrears with payment of the additional rate for more than 60 (sixty) days, shall not be entitled to vote at a members meeting or taken account of when determining whether a members meeting quorate, for so long as they are so in arrears, unless they can proof that they have declared a formal dispute with the City or have interred into appropriate payment arrangement with the City.
- Every member shall be entitled to one vote per R10,000,000.00 (ten million rand) (or portion thereof), of the municipal valuation of each of their rateable properties within the CID to a maximum of 10 votes per property, provided that the total number of votes assigned to any single member, or to any number of members under common ownership or control shall not exceed thirty three and one third (33-1/3) percent of the total number of votes which may be cast.
- For members under common ownership or control:
- those properties with a valuation of R5,000,000 or more, one vote will be assigned per property; and
- those below R5,000,000 will get one vote per R10,000,000 of the combined municipal valuation of all such properties.
- Owners wishing to apply for membership should do so via the website or by email. New membership applications should be received 7 days before the AGM to be approved and accepted at a meeting of the Board of directors of the Vredekloof CID NPC prior to the AGM.
- Any member may appoint a Proxy to attend the meeting on his/her behalf. Forms of Proxy may be downloaded from the website or requested by email. The proxy form must be delivered to the offices of the Company no less than 24 hours prior to the advertised time of the start of the meeting, failing which it shall not be deemed to be valid.
