Decision details

Council RESOLVED:

(i)                  That the headline net capital receipt and General Fund impacts set out in appendix 2 to the report be noted.

(ii)                That 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 to the report, be supported.

(iii)               That the draft formal consultation document attached as Appendix 3 to the report be agreed as being the best possible transfer offer to tenants having regard to the financial impact on the Council, subject to the incorporation of the amendments requested by the South Cambridgeshire Village Homes, Tenant Services Authority and Homes and Communities Agency, circulated prior to, and tabled at, the meeting.

(iv)              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, 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, an advisory ballot of leaseholders be undertaken.

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