Decision details

The Housing Portfolio Holder APPROVED the following RECOMMENDATIONS TO FULL COUNCIL:

i)                   That Council notes the headline net capital receipt and General Fund impacts set out in appendix 2.

ii)                 That Council supports the additional enhancements within the offer to tenants of £5m in the first five years, including at least £2m for SCVH to enable the provision of new affordable homes in the district, over and above an investment programme of £323m over 30 years reflected in the indicative gross valuation, as reflected in appendix 2.

iii)               That Council supports the draft formal consultation document attached as appendix 3 as being the best possible transfer offer to tenants having regard to the financial impact on the Council.

iv)               That Council agrees to proceed to formal consultation with its tenants on its transfer proposal, and to consider responses to that consultation at a future meeting.

v)                 That Council, while recognising that it can only proceed with its transfer proposal if the majority of secure tenants support its transfer offer in a secret ballot, will involve leaseholders in its consultation on the transfer proposal, and will arrange an advisory ballot of leaseholders.

vi)                That authority is delegated to the Executive Director, in consultation with the Housing Portfolio Holder, to approve the final print version of the offer document to be distributed to tenants.

That following consideration of the offer document by the Shadow Board of SCVH on 22^nd January 2009, any additional comments be provided to Council before its meeting on 29^th January 2009.