Agenda Reports Pack (Public) 15/10/2012, 19.00 - Meetings ...

Agenda Reports Pack (Public) 15/10/2012, 19.00 - Meetings ... Agenda Reports Pack (Public) 15/10/2012, 19.00 - Meetings ...

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12.07.2015 Views

transfer would be premature. The Council would acquire a 995 year lease(virtual freehold) on the new replacement homes and could consider transfer ofits virtual freehold in this manner following completion of the redevelopmentscheme, once the regeneration benefits had been realised.Mr Barrett also appraised the Cabinet of the outcome of the Equalities ImpactAssessment undertaken on the proposals. It had been found that the impact ofmoving home could be greater for elderly residents or those with disabilities.The maintenance of existing support networks and the assistance of re-housingOfficers would be particularly important for these groups. There could also be anegative impact for people under-occupying properties. A single person with athree bedroom home would, for example, be allocated a two bedroom home byway of replacement. This would be balanced by the positive impact on familieswho were currently overcrowded. A Tenants Needs Analysis would ensure thatthey were allocated sufficient bedrooms to more appropriately meet their needs.An above average number of residents from black and minority ethniccommunities would feel any adverse impact of the scheme because a higherproportion in those groups lived on the estate compared to Borough wide orLondon averages.The Cabinet received three deputations on the proposals, from RichardOsband, a West Kensington Estate Resident, Keith Drew of West Kensingtonand Gibbs Green Residents Group and Maureen Way of the West Kensingtonand Gibbs Green Steering Group.Richard Osband raised concerns about the nature of the relationship betweenthe Council’s advisors PWC and JLL, and Capco, claiming that they were thesame companies which certified Capco’s accounts and valuation of thescheme. Mr Osband questioned whether it was right for Capco’s threeexecutive directors to take bonuses averaging £575,000 for what he felt wasthe destruction of residents homes and Earls Court. He noted that Transport forLondon, as the freeholder of the Earls Court Exhibition Centre, had yet toconsider the scheme and could, by forcing Capco to keep the Centre open,effectively block the plans. In his view this made any decision on a CLSApremature. Mr Osband queried whether an alternative plan could have beenrealised by the Council working with TfL and their own development partner.Finally, Mr Osband expressed concern at the involvement of Thomas andRaymond Kwok, who had purchased 50% of Seagrave Road from Capco andwere currently facing bribery and corruption charges in Hong Kong. Questionedby Councillor Cowan as to why he no longer considered the scheme goodvalue, Mr Osband replied that he was disturbed at the 20 year optionagreement for Capco and at apparent promises that residents would beprioritised for an early move to the new Seagrave Road properties if theysupported the scheme.The Chairman, in response to Mr Osband’s presentation, emphasised that itwas not possible to comment on the position in respect of the Kwoks prior totrial but assurances had been received from Capco that alternative sources offunding would be available if the deal with the Kwoks could not be realised.______________________________________________________________________________________________________Minutes are subject to confirmation at the next meeting as a correct record of the proceedings and any amendments arising willbe recorded in the minutes of that subsequent meeting.Page 5

Mr Drew informed the Cabinet that residents were scared that they were goingto lose their homes, their communities would be disrupted and they would besubjected to physical and emotional upheaval. He felt that the Council had notgiven sufficient consideration to the consultation response, which he consideredshowed strong opposition to the scheme, or responded properly to major flawsidentified by residents. Mr Drew was of the view that the residents should begiven the opportunity to own and manage their own estates and had beendenied a ballot on a stock transfer. He suggested that the scheme sought toderive party political advantage and transfer poorer residents away from thearea. He was concerned that despite apparent promises to residents in respectof priority for homes in the Seagrave Road development, no properties had yetbeen allocated.Finally, Maureen Way spoke in favour of the proposals, emphasising that theywere the best thing that could happen to residents. She and her fellowresidents had been working on the scheme with the Council and the developerfor three years and they felt that the best possible outcome had now beenachieved for tenants, leaseholders and freeholders. She felt that the proposalswould improve children’s play facilities, bring economic benefit and put life backinto Fulham.Following the presentations and deputations the Chairman provided eachMember present with the opportunity to ask questions of Officers and theCouncil’s advisors.In response to questions from Councillor Colin Aherne, the Chairman confirmedthat the scheme would be unable to proceed without TFL’s consent butemphasised that it was appropriate to bring the proposals before the Cabinet atthis stage, prior to Planning consent, because there needed to be a startingpoint and the approvals process contained sufficient checks and balances. TheChairman and Mr Barrett refuted suggestions that residents had been misledinto believing that the new homes would be larger than the existing units,highlighting that of the 9 comparative room sizes contained in the report, 7 werelarger in the new properties. Some of the bedrooms would be smaller but thetypical layout of properties had changed in the 40 years since the existinghomes had been built and it was now more common for living areas to belarger.Mr Barrett recognised that there were strongly held views on the consultation,as expressed by Councillor Aherne, but emphasised that whilst the majority ofthe statutory Section 105 consultees who responded were against theproposals, a significant number, some 45%, had not supplied any comment.Councillor Stephen Cowan enquired about the nature of the workingrelationship between the Council and Capco. He was informed that therelationship was close but not inappropriate. Officers sought to represent thebest interests of the Council and were supported in negotiations by top qualityadvisors.Councillor Cowan asked a series of questions concerning the existence of a listof supporters of the proposals who it was alleged had been promised priority inthe allocation of the new housing units and efforts to investigate the matter. Mr______________________________________________________________________________________________________Minutes are subject to confirmation at the next meeting as a correct record of the proceedings and any amendments arising willbe recorded in the minutes of that subsequent meeting.Page 6

Mr Drew informed the Cabinet that residents were scared that they were goingto lose their homes, their communities would be disrupted and they would besubjected to physical and emotional upheaval. He felt that the Council had notgiven sufficient consideration to the consultation response, which he consideredshowed strong opposition to the scheme, or responded properly to major flawsidentified by residents. Mr Drew was of the view that the residents should begiven the opportunity to own and manage their own estates and had beendenied a ballot on a stock transfer. He suggested that the scheme sought toderive party political advantage and transfer poorer residents away from thearea. He was concerned that despite apparent promises to residents in respectof priority for homes in the Seagrave Road development, no properties had yetbeen allocated.Finally, Maureen Way spoke in favour of the proposals, emphasising that theywere the best thing that could happen to residents. She and her fellowresidents had been working on the scheme with the Council and the developerfor three years and they felt that the best possible outcome had now beenachieved for tenants, leaseholders and freeholders. She felt that the proposalswould improve children’s play facilities, bring economic benefit and put life backinto Fulham.Following the presentations and deputations the Chairman provided eachMember present with the opportunity to ask questions of Officers and theCouncil’s advisors.In response to questions from Councillor Colin Aherne, the Chairman confirmedthat the scheme would be unable to proceed without TFL’s consent butemphasised that it was appropriate to bring the proposals before the Cabinet atthis stage, prior to Planning consent, because there needed to be a startingpoint and the approvals process contained sufficient checks and balances. TheChairman and Mr Barrett refuted suggestions that residents had been misledinto believing that the new homes would be larger than the existing units,highlighting that of the 9 comparative room sizes contained in the report, 7 werelarger in the new properties. Some of the bedrooms would be smaller but thetypical layout of properties had changed in the 40 years since the existinghomes had been built and it was now more common for living areas to belarger.Mr Barrett recognised that there were strongly held views on the consultation,as expressed by Councillor Aherne, but emphasised that whilst the majority ofthe statutory Section <strong>10</strong>5 consultees who responded were against theproposals, a significant number, some 45%, had not supplied any comment.Councillor Stephen Cowan enquired about the nature of the workingrelationship between the Council and Capco. He was informed that therelationship was close but not inappropriate. Officers sought to represent thebest interests of the Council and were supported in negotiations by top qualityadvisors.Councillor Cowan asked a series of questions concerning the existence of a listof supporters of the proposals who it was alleged had been promised priority inthe allocation of the new housing units and efforts to investigate the matter. Mr______________________________________________________________________________________________________Minutes are subject to confirmation at the next meeting as a correct record of the proceedings and any amendments arising willbe recorded in the minutes of that subsequent meeting.Page 6

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