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RESOLVED: That the Adult Social
Services, Health and Housing Committee
 
a) 
AGREE in principle the request from RHP to vary the Stock
Transfer Agreement (STA) (dated 17th July 2000) to enable the
housing stock to be valued based on Market Value Subject to
Tenancy, for loan security purposes, with terms to be agreed by the
Executive Director of Housing and Regeneration in consultation with
the Head of SLLP.
 
b) 
AGREE in principle that the Mortgagee Exclusion Clause (MEC)
within the Stock Transfer Agreement is revised to reflect the
latest market standard National Housing Federation approved
definition, with terms to be agreed by the Executive Director of
Housing in consultation with the Head of SLLP.