Agenda item

To agree the non-public minutes of the meeting held on 20 June 2013 (copy attached).

The non-public minutes of the meeting held on 20 June 2013 were agreed as a correct record.

Matters Arising

Golden Lane Housing 2013 Bond

In response to a query from a Member, officers agreed to provide clarification over the terms of investment agreed over the Corporation of London’s investment in the Golden Lane Housing 2013 bond.

Members proceeded to discuss in more general terms the potential for a standardised investment agreement to govern future investments made by the Board, so that costs could be kept to a minimum

RESOLVED, that:

·         Clarification to be provided to the Board on the details of the Golden Lane Housing 2013 Bond investment terms;

·         Officers to draw up a standard form checklist to review criteria, terms and conditions for future investments for consideration by the Board.