Agenda and minutes

Apologies for absence were received from Deputy Giles Shilson.

There were no declarations.

To agree the public minutes of the Sub-Committee meeting held on 2 October 2014.

The public minutes of the meeting of the Sub-Committee held on 2 October 2014 were approved.

Report of the Chamberlain.

NB: To be read in conjunction with the appendices at Item No. 11.

The Sub-Committee considered a report of the Chamberlain advising on the current unallocated balances set aside for projects in the City Fund and in City’s Cash and on the proposed funding of projects which now required the allocation of resources or the allocation of additional funding to progress to the next stage.

RESOLVED – that approval be given to the following allocations from the 2014/15 City’s Cash provision:-

1.   £0.397m to fund the additional cost of the Oracle ERP project; and

2.   £0.209m to fund the progression of a market led City Telecommunications solution to wired broadband and the development of a wireless broadband concession.

Report of the Chamberlain.

The Sub-Committee considered a report of the Chamberlain concerning the programme of capital and supplementary revenue project expenditure over the planning period 2014/15 to 2018/19 and the challenges it would entail.

Members noted that the report included the proposed funding of the extension of the Barbican Centre’s and the Guildhall Schools’ capital caps, but that future sums for improvement works for the Barbican Centre and the Guildhall School would be advised as part of the operational property review 

RESOLVED – that the content of the report be noted.

There were no questions.

There were no urgent items for consideration.

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 1 of the Schedule 12A of the Local Government Act.

Part 2 – Non-Public Agenda

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

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Non-Public Agenda

To agree the non-public minutes of the Sub-Committee meeting held on 2 October 2014.

The non-public minutes of the meeting of the Sub-Committee held on 2 October 2014 were agreed.

Report of the Managing Director of the Barbican Centre.

The Sub-Committee considered and agreed a report of the Managing Director of the Barbican Centre requesting an extension of the Centre’s Capital Cap.

Report of the City Surveyor.

NB: This report was considered and approved by the Corporate Asset Sub-Committee.

The Sub-Committee considered and recommended the approval of a report of the City Surveyor concerning the repairs and maintenance budget for the City of London Corporation’s operational properties.

Report of the Town Clerk.

The Sub-Committee received a report of the Town Clerk reporting action taken by the Town Clerk in consultation with the Chairman and a Deputy Chairman since the last meeting of the Sub-Committee.

RESOLVED – that it be noted that approval was given to the provision of £86,798 plus VAT from central risk resources to assist with works associated with the letting of Satellite Unit 1 at Billingsgate Market.

To be considered in conjunction with item no. 4.

The Sub-Committee noted the content of the appendix associated with the funding of forthcoming projects.

There were no questions.

There were no items of urgent business for consideration whilst the public were excluded.