Agenda item

Joint report of the Chamberlain and the City Surveyor.

The Sub-Committee considered a joint report of the Chamberlain and the City Surveyor updating it on the progress of the Operational Property Review.

A Member referred to a previous decision which agreed to the cessation of capital caps and questioned when a report on an alternative arrangement was likely to be considered. The Budget Direct advised that the report would be considered at the Sub-Committee’s meeting in May and that the paper would cover the issues of quantum and a new mechanism for the Barbican Centre and the Guildhall School. She also referred to the longer lead-in time required for those bodies.

The Chairman of the Projects Sub-Committee commented that he envisaged the process being a fairly straightforward exercise with departments being required to specify their requirements and the Resource Allocation Sub-Committee considering them in terms of the City Corporation’s overall priorities.

RESOLVED – That the content of the report be noted and that a further update would be submitted to the Sub-Committee’s meeting in May.