Agenda and minutes

Apologies were received from Henry Colthurst, Alderman Peter Hewitt, Tom Hoffman, Ann Holmes and Deputy Henry Pollard.

There were no declarations.

To elect a Chairman pursuant to Standing Order No. 29.

Members were invited to elect a Chairman in accordance with Standing Order 29. A list of Members eligible to stand was read out and Deputy Alastair Moss, being the only Member indicating his willingness to serve, was declared to have been elected for the ensuing year.

Thanks were extended to the outgoing Chairman, Alderman Robert Howard, for his term as Chairmanship.

Members were invited to elect a Chairman in accordance with Standing Order 30. A list of Members eligible to stand was read out and Andrew McMurtrie, being the only Member indicating his willingness to serve, was declared to have been elected for the ensuing year.

To agree the public minutes and non-public summary of the meeting held on 14 May 2015.

RESOLVED - That the public minutes and non-public summary of the meeting held on 14 May 2015 be approved as an accurate record.

To note the public minutes and non-public summaries of the meetings held on 27 May, 2 July, 9 September, 29 October and 8 December 2015.

In response to a Member’s query, the Chamberlain advised that a report had been received by the Financial and Property Investment Boards regarding the possibility to invest Pension Fund monies in property, but further complications had arisen due to the government’s reform of the approach to the investment of LGPS assets in England and Wales.

RESOLVED - That the public minutes and non-public summaries of the Financial Investment Board meetings held on 27 May, 2 July, 9 September, 29 October and 8 December 2015 be noted.

To note the public minutes and non-public summaries of the meetings held on 20 May, 17 June, 22 July, 16 September, 14 October, 11 November, and 9 December 2015.

RESOLVED - That the public minutes and non-public summaries of the Property Investment Board meetings held on 20 May, 17 June, 22 July, 16 September, 14 October, 11 November and 9 December 2015 be noted.

To note the public minutes and non-public summaries of the meetings held on 3 June, 18 September, and 7 December 2015.

RESOLVED - That the public minutes and non-public summaries of the Social Investment Board meetings held on 3 June, 18 September and 7 December 2015 be noted.

Report of the Town Clerk.

The Committee received a report of the Town Clerk detailing one decision taken under urgency appointing James de Sausmarez to the Financial Investment Board and Ann Holmes to the Property Investment Board. The Committee noted the report, and approved the appointment of Alderman Robert Howard to the Financial Investment Board.

RESOLVED – That the report be noted and Alderman Robert Howard be appointed to the Financial Investment Board.

Report of the Town Clerk.

The Committee considered a report of the Town Clerk which requested the Committee to conduct their annual review of the Committee’s Terms of Reference. The Town Clerk clarified that there was an error on the written report, and that no changes were being recommended.

Members discussed the current co-option arrangements, and the Town Clerk undertook to review the current procedure for Members’ consideration at the next Investment Committee meeting.

RESOLVED – That:

a)    the Terms of Reference be approved; and

b)    the Town Clerk review the current co-option arrangements for the three Boards.

Report of the Town Clerk.

The Committee received a report of the Town Clerk detailing one co-option to the Social Investment Board, and four co-options to the Property Investment Board.

RESOLVED – That the report be noted.

Report of the Director of Human Resources.

The Committee received a report of the Director of Human Resources regarding the recruitment process for the City Surveyor. Members noted that the Chairman and Deputy Chairman of the Property Investment Board were on the Appointment Panel.

RESOLVED – That the report be noted.

There were no questions.

There was no other business.

MOTION - That under Section 100(A) 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 I of the Schedule 12A of the Local Government Act.

RESOLVED - That under Section 100(A) 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 I of the Schedule 12A of the Local Government Act.

To agree the non-public minutes of the meeting held on 14 May 2015.

RESOLVED - That the non-public minutes of the meeting held on 14 May 2015 be approved as an accurate record.

To note the non-public minutes of the meetings held on 27 May, 2 July, 9 September, 29 October and 8 December 2015.

RESOLVED - That the non-public minutes of the Financial Investment Board meetings held on 27 May, 2 July, 9 September, 29 October and 8 December 2015 be noted.

To note the non-public minutes of the meetings held on 20 May, 17 June, 22 July, 16 September, 14 October, 11 November, and 9 December 2015.

RESOLVED - That the non-public minutes of the Property Investment Board meetings held on 20 May, 17 June, 22 July, 16 September, 14 October, 11 November and 9 December 2015 be noted.

To note the non-public minutes of the meetings held on 3 June, 18 September, and 7 December 2015.

RESOLVED - That the non-public minutes of the Social Investment Board meetings held on 3 June, 18 September and 7 December 2015 be noted.

Report of the Chamberlain.

The Committee received a report of the Chamberlain.

RESOLVED – That the report be noted.

Report of the City Surveyor.

The Committee received a report of the City Surveyor.

RESOLVED – That the report be noted.

Report of the City Surveyor.

The Committee received a report of the City Surveyor.

RESOLVED – That the report be noted.

Report of the City Surveyor.

The Committee received a report of the City Surveyor.

RESOLVED – That the report be noted.

Report of the City Surveyor.

The Committee received a report of the City Surveyor.

RESOLVED – That the report be noted.

Report of the Chief Grants Officer.

The Committee received a report of the Chief Grants Officer.

RESOLVED – That the report be noted.

There were no non-public questions.

There was no other business.