Agenda and minutes

Property Investment Board - Wednesday, 18th June, 2014 1.45 pm

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

Contact: Matthew Pitt
tel. no.: 020 7332 1425  Email: Matthew.Pitt@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 Ken Ayers, Mark Boleat, Michael Hudson 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 134 KB

To approve the public minutes and summary of the Property Investment Board meeting held on 21 May 2014.

 

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

Minutes:

RESOLVED – That the public minutes of the meeting held on Wednesday 21 May 2014 be approved as a correct record.

 

 

 

 ...  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 no questions.

 ...  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 were no urgent items.

 ...  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 – 13

3

14

15

–

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 21 May 2014.

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

Minutes:

RESOLVED – That the non-public minutes of the meeting held on Wednesday 21 May 2014 be approved as a correct record.

 

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

8.

City Fund, City's Estate, Bridge House Estates and Strategic Property Estate - Annual Valuation

Report of the City Surveyor.

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

Minutes:

The Board considered a report of the City Surveyor regarding the Annual Valuation of the City Fund, City’s Estate, Bridge House Estates and Strategic Property Estate.

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

9.

City Fund, City's Estate and Bridge House Estates - Performance Monitoring to 31 March 2014

Report of the City Surveyor.

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

Minutes:

The Board received a report of the City Surveyor regarding the performance of the City Fund, City’s Estate and Bridge House Estates Property Investment Portfolios, and the amalgamated ‘House Fund’ for the year ending 31 March 2014.

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

10.

Crossrail Property Investment Strategy Review and Progress towards Asset Realisation

Joint report of the Chamberlain and City Surveyor.

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

Minutes:

The Board considered a joint report of the Chamberlain and the City Surveyor regarding the Crossrail Property Investment Strategy Review and Progress towards Asset Realisation.

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

11.

Arrears of Rent as at 24 March 2014

Report of the City Surveyor.

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

Minutes:

The Board received a report of the City Surveyor regarding the Arrears of Rent as at 24 March 2014.

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

12.

St. Alphage House, EC2: Variation to the Development Agreements and Lease to allow a two Permitted Investment Under-Leases

Report of the City Surveyor.

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

Minutes:

The Board considered a report of the City Surveyor regarding St. Alphage House, EC2.

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

13.

City Fund Highway Disposal - Fore Street, EC2

Report of the City Surveyor.

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

Minutes:

The Board considered a report of the City Surveyor regarding City Fund Highway Disposal in Fore Street, EC2.

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

14.

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

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

Minutes:

There were no questions.

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

15.

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 15.

Minutes:

There were five items of urgent business.

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