URL: https://moderngov.lambeth.gov.uk/ieDecisionDetails.aspx?ID=8860

Decision Maker: Deputy Leader of the Council (Housing, Investment and New Homes)

Outcome:

Is Key Decision?: Yes

Is Callable In?: Yes

Purpose: Noting the recommendations in the Kerslake Review for more streamlined governance and the publicly stated intention to wind-up Homes for Lambeth, this constitutional panel is now considered redundant. As such, this decision will remove OSP from the constitution and references to it from the Shareholders Agreement.

Content: 1.          To approve the disbandment of Ownership and Stewardship Panel by 31 March 2025.   2.          To approve the Council entering into an Amendment and Restatement Agreement with the HFL companies, in the form appended to this report, the date of adoption of which is to be settled between the parties to the Agreement, to be no later than 31 March 2025.   3.          To note that execution of the amendment and restatement agreement is subject to resolution by the directors of the HFL companies to adopt the revised form of the SHA, which is expected to occur no later than 31 December 2024.  

Date of Decision: December 27, 2024