Agenda and minutes

Venue: Committee Rooms, 2nd Floor, West Wing, Guildhall

Contact: Richard Holt  Email: Richard.Holt@cityoflondon.gov.uk

Items
No. Item

1.

Apologies for Absence

Minutes:

Apologies for absence were received from the Chair Deputy Tom Sleigh, John Chapman, Sheriff Christopher Hayward, Deputy Edward Lord, Tony Joyce, David Brooks Wilson and Claudine Blamey.

 

In the absence of the Chair the Deputy Chairman Andrien Meyers took the Chair for the meeting. Further to the Deputy Chairman’s suggestion Members changed the order of business and items were considered in the following order: Items 1-9, Item 17, Items 10-20

 ...  view the full minutes text for item 1.

2.

Members' Declarations under the Code of Conduct in respect of items on the agenda

Minutes:

There were no declarations.

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

3.

Minutes pdf icon PDF 59 KB

To approve the public minutes and non-public summary of the Property Investment Board meeting held on 9October 2019.

 

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

Minutes:

The Board considered the public minutes and non-public summary of the last meeting of the Property Investment Board on the 8th of October 2019.

 

RESOLVED – That the public minutes and non-public summary of the meeting held on 8 October 2019 be approved as an accurate record.

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

4.

Questions on matters relating to the work of the Board

Minutes:

There were no questions.

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

5.

Any other business that the Chair considers urgent

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.

 

Item No.

Paragraph No.

7-17 (excluding 15)

15

3

6

 

 

 

 ...  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 9October 2019.  

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

Minutes:

The Board considered the non-public minutes of the previous meeting of the Property Investment Board held on the 8th of October 2019.

 

RESOLVED – That the non-public minutes of the meeting held on 8 October 2019 be approved as an accurate record.

 

 

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

8.

NON-PUBLIC ACTIONS

Report of the Town Clerk.

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

Minutes:

The Board received a report of the Town Clerk on the non-public actions of the previous meeting.

 

RESOLVED- That the report be noted.

 

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

9.

City's Estate, City Fund & Bridge House Estates Property Performance Dashboards

Members are asked to note the performance dashboards.

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

Minutes:

The Board received a report of the City Surveyor on the City's Estate, City Fund & Bridge House Estates Property Performance Dashboards.

 

RESOLVED- That the report be noted.

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

10.

All Funds - Rental Estimates Monitoring Report

Report of the City Survyeor.

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

Minutes:

The Board received a report of the City Surveyor on the latest quarterly update of rental estimates for each fund.

 

RESOLVED- That the report be noted.

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

11.

Former Tenants Rent etc. Arrears Write Offs

Joint report of the Comptroller and City Solicitor and the City Surveyor. 

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

Minutes:

The Board considered a report of the City Surveyor on the Former Tenants Rent etc Arrears Write Offs.

 

RESOLVED- That the report be agreed.

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

12.

City's Estate: Gateway 6 Outcome report - 21 Whitefriars Street

Report of the City Surveyor.

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

Minutes:

The Board considered a report of the City Surveyor on the refurbishment of the ground, fifth floor offices third floor and reception area at 21 Whitefriars Street.

 

RESOLVED-That the report be agreed.

 

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

13.

City's Estate: Lease Re-structure for a Premium & Leasehold Purchase

Report of the City Surveyor.

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

Minutes:

The Board considered a report of the City Surveyor on the City’s Estate Lease Restructure for a Capital Premium & Leasehold Acquisition.

 

RESOLVED- That the report be deferred.

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

14.

City's Estate letting report: Shop on Ground, Basement and Three Upper Floors, 148 New Bond Street, London W1 - Rent Review - 24th June 2019

Report of the City Surveyor. 

 

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

Minutes:

The Board considered a report of the City Surveyor on the City’s Estate Letting for the Report Shop on Ground, Basement and Three Upper Floors, 148 New Bond Street, London W1 Rent Review: 24th June 2019.

 

RESOLVED- That the report be agreed.

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

15.

City's Estate: Surrender of Existing Lease, Agreement for Lease and Grant of a new Lease and Tenancy at Will at The Courtyard, 220-226 Tottenham Court Road and 1-7 Alfred Place, WC1

Report of the City Surveyor.

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

Minutes:

The Board considered a report of the City Surveyor on the City’s Estate Letting Report Surrender of Existing Lease, Agreement for Lease and Grant of a New Lease at The Courtyard, 220-226 Tottenham Court Road & 1-7 Alfred Place, London WC.

 

RESOLVED- That the report be agreed.

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

16.

CITY FUND : LONDON WALL PLACE, EC2 - OVERAGESETTLEMENT/GEARING BUY-DOWN

Report of City Surveyor.  

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

Minutes:

The Board considered a report of the City Surveyor on the City Fund London Wall Place EC2 Overage Settlement and Gearing Buy-Down.

 

RESOLVED- That the report be agreed.

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

17.

Bridge House Estates: Gateway 6 Outcome report : Finsbury House

Report of the City Surveyor.

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

Minutes:

The Board considered a report of the City Surveyor on the Finsbury House, 23 Finsbury Circus Gateway 6 Outcome report.

 

RESOLVED- The report be agreed.

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

18.

Bridge House Estates: Gateway 1-2 - Refurbishment of Electra House, 84 Moorgate EC2

Report of the City Surveyor.

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

Minutes:

The Board noted that the report had been withdrawn.

 

RESOLVED- That the report be withdrawn.

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

19.

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

Minutes:

There received one question in the non-public session.

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

20.

Any other business that the Chair considers urgent and which the Board agrees should be considered whilst the public are excluded

Minutes:

There was one item of other business.

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