Agenda and minutes

Property Investment Board - Wednesday, 17th September, 2014 1.45 pm

Venue: Committee Room 4 - 2nd Floor West Wing, Guildhall. View directions

Contact: David Arnold
tel. no.: 020 7332 1174  Email: david.arnold@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 (Chairman), Mark Boleat, Roger Chadwick and Deputy Keith Knowles.

 ...  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:

There were none.

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

3.

Minutes pdf icon PDF 129 KB

To approve the public minutes and summary of the Property Investment Board meeting held on Wednesday 23 July 2014.

 

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

Minutes:

RESOLVED – That the public minutes and summary of the meeting held on 23 July 2014 be agreed.

 ...  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:

There were none.

 ...  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 none.

 ...  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

3

 

 

 

 

 ...  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 Wednesday 23 July 2014.

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

Minutes:

The Board considered the non-public minutes of the meeting held on 23 July 2014.

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

8.

Report of Action Taken Between Meetings

Report of the Town Clerk.

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

Minutes:

The Board received a report of the Town Clerk that provided Members with details of decisions taken by the Town Clerk, in consultation with the Chairman and Deputy Chairman, since the Board’s last meeting on 23 July 2014.

 

The City Surveyor circulated a list showing which delegations had been used during the summer recess. These would be reported by the Town Clerk at the next meeting.

 

RESOLVED – That the report be noted.

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

9.

Former Tenants Rent etc Arrears Write Offs

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

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

Minutes:

The Board considered a report of the City Surveyor regarding rent arrears write offs.

 

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

10.

Outstanding Lease Renewals & Rent Reviews

Report of the City Surveyor.

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

Minutes:

The Board received a report of the City Surveyor regarding outstanding lease renewals and rent reviews as at 24 June 2014.

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

11.

City's Rental Forecasts Monitoring Report

Report of the City Surveyor.

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

Minutes:

The Board received a report of the City Surveyor that provided the latest quarterly update of rental forecasts for City’s Estate, Bridge House Estates, City Fund, and the Strategic Estate as at 30 June 2014.

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

12.

2014/15 Business Plan - 1st Quarter Progress

Report of the City Surveyor.

 

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

Minutes:

The Board received a report of the City Surveyor regarding the quarter 1 2014/15 progress of the City Surveyor’s Business Plan 2014–17.

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

13.

Essential Maintenance Works to the Museum of London Building

Report of the City Surveyor.

 

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

Minutes:

The Board considered a report of the City Surveyor regarding essential maintenance works to the Museum of London building.

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

14.

Vacant Accommodation Update as at 1 June 2014

Report of the City Surveyor.

 

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

Minutes:

The Board received a report of the City Surveyor that summarised the vacancy position of the commercial property portfolio as at 1 June 2014.

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

15.

Disposal of freehold subject to a 2000 year lease: 47-50 New Bond Street & 48, 52, 54 Maddox Street, W1

Report of the City Surveyor.

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

Minutes:

The Board considered a report of the City Surveyor that sought approval for the disposal of the City’s freehold interest, subject to 2,000 year lease, at 47–50 New Bond Street, W1 and 48, 52 & 54 Maddox Street, W1.

 

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

16.

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

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

Minutes:

There were none.

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

17.

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 17.

Minutes:

There were seven items of urgent business.

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