Agenda and minutes

Property Investment Board - Wednesday, 13th December, 2017 8.30 am, MOVED

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 Michael Cassidy, 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:

Alastair Moss declared a non-pecuniary interest in respect item 19.

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

3.

Minutes pdf icon PDF 138 KB

To approve the public minutes of the Property Investment Board meeting held on 15 November 2017.

 

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

Minutes:

RESOLVED – That the public minutes of the meeting held on 15 November be approved.

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

4.

Questions on matters relating to the work of the Board

 

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

Minutes:

In response to a Member query, it was agreed that a report clarifying how PIB deals with its different functions in respect of the three Funds would be submitted to a future PIB meeting to ensure transparency. 

 

In particular this would focus on PIB’s property role in respect of Bridge House Estates and how this relates to Bridge House Charity’s role.

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

5.

Any other business that the Chairman considers urgent

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

Minutes:

There was no other business.

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

6.

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 6.

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.

 

 

 

 

 

 

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

7.

Non Public Minutes

To approve the non-public minutes of the Property Investment Board meeting held on 15 November 2017.

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

Minutes:

RESOLVED – That the non-public minutes of the meeting held on 15 November be approved.

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

8.

Report of Action Taken

Report of the Town Clerk.

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

Minutes:

Members received a Report of the Town Clerk.

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

9.

Draft Departmental Business Plan 2018/19 - City Surveyor's Department

Report of the City Surveyor.

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

Minutes:

Members received a Report of the City Surveyor.

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

10.

Revenue and Capital Budgets - 2017/18 and 2018/19

Joint Report of the Chamberlain and the City Surveyor.

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

Minutes:

Members received a Report of the Chamberlain and the City Surveyor.

 

 

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

11.

Arrears of Rent as at September 2017 Quarter Day

Report of the City Surveyor.

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

Minutes:

Members received a Report of the City Surveyor.

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

12.

Strategic Property Estate (City Fund & City's Estate) -Annual Update

Report of the City Surveyor.

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

Minutes:

Members received a Report of the City Surveyor.

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

13.

City Fund - New Letting - 1st Floor, 15/17 Eldon Street, EC2M

Report of the City Surveyor.

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

Minutes:

Members received a Report of the City Surveyor.

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

14.

City Fund - Rent Review - Calcutta House, Old Castle Street, E1

Report of the City Surveyor.

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

Minutes:

Members received a Report of the City Surveyor.

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

15.

City Fund - Refurbishment - Ground Floor, 1 Alie Street E1: Gateway 7 Outcome Report

Report of the City Surveyor.

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

Minutes:

Members received a Report of the City Surveyor.

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

16.

City Fund (Strategic Property Estate) - Letting Report - 10 Bonhill Street

Report of the City Surveyor.

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

Minutes:

Members received a Report of the City Surveyor.

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

17.

City Fund (Strategic Property Estate) - Request for Additional Funding

Report of the City Surveyor.

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

Minutes:

Members received a Report of the City Surveyor.

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

18.

City's Estate - Strategy Annual Report

Report of the City Surveyor.

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

Minutes:

Members received a Report of the City Surveyor.

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

19.

City's Estate - Disposal of Freeholds Subject to 2,000 year leases

Report of the City Surveyor.

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

Minutes:

Members received a Report of the City Surveyor.

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

20.

City's Estate - Rent Review - 72 Brewery Road, N7

Report of the City Surveyor.

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

Minutes:

Members received a Report of the City Surveyor.

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

21.

City's Estate - Letting Report - Ground Floor, 211-212 Tottenham Court Road

Report of the City Surveyor.

 ...  view the full agenda text for item 21.

Minutes:

Members received a Report of the City Surveyor.

 ...  view the full minutes text for item 21.

22.

City's Estate - Letting Report - 118 New Bond Street, W1

Report of the City Surveyor.

 ...  view the full agenda text for item 22.

Minutes:

Members received a Report of the City Surveyor.

 ...  view the full minutes text for item 22.

23.

City's Estate - Management Strategy for Commercial Offices at Smithfield Market

Report of the City Surveyor.

 ...  view the full agenda text for item 23.

Minutes:

Members received a Report of the City Surveyor.

 ...  view the full minutes text for item 23.

24.

City's Estate - Museum of London Relocation - Landlord's Works - Contract 3: Gateway 5 Report

Report of the City Surveyor.

 ...  view the full agenda text for item 24.

Minutes:

Members received a Report of the City Surveyor.

 ...  view the full minutes text for item 24.

25.

Bridge House Estate - Refurbishment of Common Areas - 1-5 London Wall Buildings: Gateway 7 Options Report

Report of the City Surveyor.

 ...  view the full agenda text for item 25.

Minutes:

Members received a Report of the City Surveyor.

 ...  view the full minutes text for item 25.

26.

Bridge House Estates - Freehold Disposal - 2 Kennington Road, SE1

Report of the City Surveyor.

 ...  view the full agenda text for item 26.

Minutes:

Members received a Report of the City Surveyor.

 ...  view the full minutes text for item 26.

27.

Bridge House Estates - Letting Report - 5th Floor, 35-38 New Bridge Street, EC4

Report of the City Surveyor.

 ...  view the full agenda text for item 27.

Minutes:

Members received a Report of the City Surveyor.

 

 

 ...  view the full minutes text for item 27.

28.

Bridge House Estates - Crossrail Support Works - Grant of 999 year lease

Report of the City Surveyor.

 ...  view the full agenda text for item 28.

Minutes:

Members received a Report of the City Surveyor.

 ...  view the full minutes text for item 28.

29.

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

 ...  view the full agenda text for item 29.

Minutes:

There were no questions.

 ...  view the full minutes text for item 29.

30.

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 30.

Minutes:

There were several items of non-public urgent business.

 ...  view the full minutes text for item 30.