Harare City Council is set to partner Pinnacle Holdings in regularizing Stoneridge and surrounding suburbs in Harare South.
Pinnacle Property Holdings (Pvt) Ltd, owns four farms, namely subdivision A of Stoneridge, Nyarungu Estate, Odar Farm and Remainder of Stoneridge in Harare South.
The areas have an estimated combined 39 000 households.
Businessman Philip Chiyangwa owns the farms.
According to the recent minutes of the Education, Health, Housing and Community Services, Housing and Community Services Committee, Housing and Community Services director Mr Addmore Nhekairo, told the committee that Pinnacle had written a letter seeking to partner the city in the regularization and development of the areas in Harare South.
Mr Nhekairo reported that the terms of reference for the proposed partnership covered registration and regularisation of stand holders, carrying out mandatory Town Planning processes by council, collection of land compensation on behalf of Pinnacle Property Holdings, pegging and collection of rates and determination and collection of servicing costs by council.
“The finer details of the agreement will be captured in the Memorandum of Agreement for the proposed Partnership to be negotiated between the parties,” he reported.
Council resolved to authorise town clerk Eng Hosiah Chisango to negotiate the partnership with Pinnacle in the best interest of council and submit a report in the next 30 days.
Council recently set up transformational teams that will be considering the regularisation of various formal and informal settlements around the city.