Agenda and minutes

Property Investment Board - Wednesday, 7th November, 2018 8.30 am

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

Contact: John Cater  Email: john.cater@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 Deputy Tom Sleigh (Chairman), Chris Boden, Alderman Alison Gowman, and Dhruv Patel.

 ...  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:

David Shaw declared an interest in respect of Item 11 explaining that he was a Director of the New West End Company.

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

3.

Minutes pdf icon PDF 71 KB

To approve the public minutes of the Property Investment Board meeting held on 10th October 2018  

 

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

Minutes:

RESOLVED – That the public minutes and non-public summary of the meeting held on 10 October 2018 be approved.

 

Matters Arising

In response to a Member’s question on the date of the Transformation Fund, the City Surveyor advised this would take place in November and he would confirm the date with the Member directly.

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

4.

Appointments to Corporate Asset Sub-Committee

The Town Clerk to be heard.

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

Minutes:

The Town Clerk advised Members that there were two vacancies on the Corporate Asset Sub-Committee. In response, John Chapman and Christopher Hayward declared their interest in serving on the Sub-Committee.

 

RESOLVED – That the Board appoint John Chapman and Christopher Hayward to the Corporate Asset Sub-Committee.

 ...  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 no questions.

 ...  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:

A Member thanked the City Surveyor’s Department for the October 2018 Member/Officer Strategy Dinner.

 ...  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.

8,9,10,11,12,13,14,15,16,17

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 10th October

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

Minutes:

RESOLVED – That the non-public minutes of the meeting held on 10 October 2018 be approved.

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

9.

Rental Forecasts Quarterly Monitoring Report

Report of the City Surveyor

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

Minutes:

The Board received a report of the City Surveyor which provided the latest quarterly update of rental estimates.

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

10.

Action Taken Between Meetings

Report of the Town Clerk

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

Minutes:

The Board received a report of the Town Clerk which set out action taken between meetings.

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

11.

City's Estate : South Molton Street - Collaboration with Grosvenor Estate

Report of the City Surveyor

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

Minutes:

The Board considered a report of the City Surveyor on the Collaboration with Grosvenor Estate.

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

12.

City’s Estate – Letting Report – First, Ground & Basement, 13 South Molton Street – Grant of New Lease to Venus Et Fleur Ltd

Report of the City Surveyor

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

Minutes:

The Board considered a report of the City Surveyor in relation to the grant of a lease to Venus Et Fleur Ltd.

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

13.

Resolution of Project Sub (Policy & Resources) Committee: 29 Brook Street (City's Estate)

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

Minutes:

The Board received a resolution of the Projects Sub (Policy and Resources) Committee.

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

14.

City Fund: Chronicle House, 5th floor Main - New Letting

Report of the City Surveyor

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

Minutes:

The Board considered a report of the City Surveyor in relation to Chronicle House, Fleet Street.

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

15.

Bridge House Estates: Rennie Gardens - Grant of 150 Year Interest

Report of the City Surveyor

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

Minutes:

The Board considered a report of the City Surveyor in relation to a licence for works and 150 year lease.

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

16.

Bridge House Estates : 185 Tower Bridge Road, 201 Tooley Street - Request for Disposal

Report of the City Surveyor

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

Minutes:

The Board considered a report of the City Surveyor in relation to Bridge House Estates.

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

17.

Bridge House Estates: 1st Floor, 35-38 New Bridge Street - Lease renewal

Report of the City Surveyor

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

Minutes:

The Board considered a report of the City Surveyor in relation to the renewal of a lease.

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

18.

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

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

Minutes:

There were no questions.

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

19.

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 19.

Minutes:

The Board considered a number of items of urgent business.

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