1. Subject to the approval of the Offer Document by MHCLG and the GLA to commence formal Stage One consultation with tenants and leaseholders living on the Patmos/Lothian Estate on the Right to Transfer process; and of the proposal from Vision Homes Lambeth Limited to take over management of the stock and to deliver the promises contained in the “Offer Document”.
Subject to the outcome of Stage One consultation, to
authorise the Strategic Director of Neighbourhoods and Growth, with
the agreement of the tenant group, to serve a further written
notice on the tenants informing them of any significant changes the
tenant group has decided to make to its proposal and to proceed to
Stage Two consultation and to ballot residents on the
Patmos/Lothian Estate on the Right to Transfer their estate to
Vision Homes Lambeth Ltd.
In the event that the outcome of a ballot is in
favour of a stock transfer, to delegate to the Strategic Director
of Neighbourhoods and Growth the authority to progress the final
negotiations of the financial and other terms of the proposed transfers to the point of
4. To note that should the outcome of a ballot be in favour of the transfer, a final report from the Cabinet Member for Finance will be made to Full Council recommending an application to the Secretary of State for the stock to transfer to go ahead (in relation to 3 above), subject to the Secretary of State granting consent.