Agenda and minutes

Property Investment Board - Wednesday, 15th June, 2016 1.45 pm

Venue: Committee Rooms, 2nd Floor, West Wing, Guildhall

Contact: David Arnold
tel. no.: 020 7332 1174  Email: david.arnold@cityoflondon.gov.uk

Items
No. Item

1.

Apologies for Absence

 ...  view the full agenda text for item 1.

Minutes:

Apologies for absence were received from Tom Sleigh (Deputy Chairman), Chris Boden, Deputy Roger Chadwick, and Ann Holmes.

 ...  view the full minutes text for item 1.

2.

Members' Declarations under the Code of Conduct in respect of items on the agenda

 

 ...  view the full agenda text for item 2.

Minutes:

There were none.

 ...  view the full minutes text for item 2.

3.

Minutes pdf icon PDF 138 KB

To approve the public minutes and summary of the Property Investment Board meeting held on 25 May 2016.

 

 ...  view the full agenda text for item 3.

Minutes:

RESOLVED – That the public minutes and non-public summary of the meeting held on 25 May 2016 be approved.

 ...  view the full minutes text for item 3.

4.

Housing and Planning Bill pdf icon PDF 98 KB

Report of the Remembrancer.

 ...  view the full agenda text for item 4.

Minutes:

The Board received a report of the Remembrancer that advised Members of the enactment of the Housing and Planning Bill, which included four measures principally intended to encourage land held in the public sector to be made available for housing development.

 

RESOLVED – That the report be noted.

 ...  view the full minutes text for item 4.

5.

Questions on matters relating to the work of the Board

 ...  view the full agenda text for item 5.

Minutes:

There were none.

 ...  view the full minutes text for item 5.

6.

Any other business that the Chairman considers urgent

 ...  view the full agenda text for item 6.

Minutes:

There was none.

 ...  view the full minutes text for item 6.

7.

Exclusion of the Public

MOTION – That under Section 100A(4) of the Local Government Act 1972, the public be excluded from the meeting for the following items on the grounds that they involve the likely disclosure of exempt information as defined in Part 1 of Schedule 12A of the Local Government Act.

 

 

 

 ...  view the full agenda text for item 7.

Minutes:

RESOLVED – That under Section 100A(4) of the Local Government Act 1972, the public be excluded from the meeting for the following items on the grounds that they involve the likely disclosure of exempt information as defined in Part 1 of Schedule 12A of the Local Government Act.

 

Item No.

Paragraph No.

8 – 20

3

 

 

 

 

 ...  view the full minutes text for item 7.

8.

Non Public Minutes

To approve the non-public minutes of the Property Investment Board meeting held on 25 May 2016.

 ...  view the full agenda text for item 8.

Minutes:

RESOLVED – That the non-public minutes of the meeting held on 25 May 2016 be approved.

 ...  view the full minutes text for item 8.

9.

City Fund, City's Estate, Bridge House Estates and Strategic Property Estate - Annual Valuation

Report of the City Surveyor.

 ...  view the full agenda text for item 9.

Minutes:

The Board received a report of the City Surveyor that informed Members of the results of the annual valuation of the City’s Cash, Bridge House Estates, and City Fund Estates for the year ending 31 March 2016.

 

RESOLVED – That the report be noted.

 ...  view the full minutes text for item 9.

10.

City's Rental Forecasts Monitoring Report

Report of the City Surveyor.

 ...  view the full agenda text for item 10.

Minutes:

The Board received a report of the City Surveyor that provided the latest quarterly update of rental forecasts for City’s Estate, Bridge House Estates, City Fund, and the Strategic Estate, as at 31 March 2016.

 

RESOLVED – That the report be noted.

 ...  view the full minutes text for item 10.

11.

Arrears of Rent as at March 2016 Quarter Day Minus 1

Report of the City Surveyor.

 ...  view the full agenda text for item 11.

Minutes:

The Board received a report of the City Surveyor that informed Members of the current position with regards to tenant arrears as at 24 March 2016.

 

RESOLVED – That the report be noted.

 ...  view the full minutes text for item 11.

12.

City Surveyor's Departmental Risk Report

Report of the City Surveyor.

 ...  view the full agenda text for item 12.

Minutes:

The Board received a report of the City Surveyor that provided Members with an update on the management of risks within the City Surveyor’s Department.

 

RESOLVED – That the report be noted.

 ...  view the full minutes text for item 12.

13.

City Surveyor's Business Plan 2015-18 Quarter 4 Progress Report

Report of the City Surveyor.

 ...  view the full agenda text for item 13.

Minutes:

The Board received a report of the City Surveyor that detailed the progress made in Quarter 4 2015/16 against the 2015-18 business plan.

 

RESOLVED – That the report be noted.

 ...  view the full minutes text for item 13.

14.

Gateway 5 Issues Report: Barbican Exhibition Hall 1 - Enabling Works

Report of the City Surveyor.

 ...  view the full agenda text for item 14.

Minutes:

The Board considered a report of the City Surveyor seeking approval for enabling works to the Barbican Exhibition Hall 1.

 ...  view the full minutes text for item 14.

15.

Disposal Options - Rabbits Bridge Road Plot

Report of the City Surveyor.

 ...  view the full agenda text for item 15.

Minutes:

The Board considered a report of the City Surveyor that sought approval for the disposal of the City Corporation’s freehold interest in land known as the Rabbits Road Bridge Plot.

 ...  view the full minutes text for item 15.

16.

Letting Report - Lease Renewal , Worship Street EC2

Report of the City Surveyor.

 ...  view the full agenda text for item 16.

Minutes:

The Board considered a report of the City Surveyor that sought approval to a proposed lease renewal of a second floor on Worship Street, EC2.

 ...  view the full minutes text for item 16.

17.

Land at Vine Street, EC3 - Protective Action

Report of the City Surveyor.

 ...  view the full agenda text for item 17.

Minutes:

The Board considered a report of the City Surveyor that sought approval to take protective action with regards to land at Vine Street, EC3.

 ...  view the full minutes text for item 17.

18.

Letting Report - Grant of a New Lease, London Wall Buildings EC2

Report of the City Surveyor.

 ...  view the full agenda text for item 18.

Minutes:

The Board considered a report of the City Surveyor that sought approval to a proposed new lease.

 ...  view the full minutes text for item 18.

19.

Non-Public questions on matters relating to the work of the Board

 ...  view the full agenda text for item 19.

Minutes:

There was one non-public question.

 ...  view the full minutes text for item 19.

20.

Any other business that the Chairman considers urgent and which the Board agrees should be considered whilst the public are excluded

 ...  view the full agenda text for item 20.

Minutes:

There was one item of other business.

 ...  view the full minutes text for item 20.