Friday, December 29, 2006

Roundshaw Votes Yes - But its Closer than expected!

Sutton Council tenants on Roundshaw on a 60% turnout voted by 59%-41% to transfer to Roundshaw Homes.

Whilst the result was expected:

1. The percentages were much closer than expected.

2. Leaseholders voted 56%-44% against transferring, even though this doe not impact legally on the overall result.

As a resullt of this we probably have now seen a win-win situation emerge:

1. Roundshaw residents get £15 million poun investment over the next 5 years.

2. The result kills any future attempt to try to stock transfer the rest of the Sutton stock as the other 7,500 properties would probably vote about 60%-40% against a transfer.

3. The ALMO gets the long-term stability it needs to improve its performance to secure future investment, with possibly the scope to borrow in its own right in due course.

4. We have now completed the housing options process that started in 2003/4.

1 Comments:

Anonymous lbsutton said...

What was the percentage turnout?

9:29 am, January 22, 2007  

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