Agenda and minutes

Apologies for absence were received from Tom Sleigh (Deputy Chairman) and Deputy Michael Cassidy.

There were none.

To appoint a representative of the Property Investment Board, in addition to the Chairman and Deputy Chairman, to the Corporate Asset Sub (Finance) Committee.

The Board considered the appointment of one Member, in addition to the Chairman and Deputy Chairman, to the Corporate Asset Sub (Finance Committee).

RESOLVED – That Deputy John Chapman be appointed as a representative of the Property Investment Board on the Corporate Asset Sub (Finance) Committee.

To approve the public minutes and summary of the Property Investment Board meeting held on 20 May 2015.

RESOLVED – That the public minutes and non-public summary of the last meeting be approved, subject to one amendment as follows:-

Barts Square, EC1

The price achieved for residential units was £1,600 per sq. ft. and for office units was £70 per sq. ft. per annum.

Matters Arising

The Chairman advised that he was happy to discuss proposals for co-opted members with Members of the Board. He added that conflicts of interest should be considered if and when recommending external members for co-option.

There were none.

The Board received a joint report of the Director of the Built Environment and the City Surveyor for information that provided an update of City development trends as at June 2015. Members noted the report and acknowledged that it would be received in the public part of the agenda at the Planning and Transportation Committee meeting on 23 June 2015.

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.

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.

To approve the non-public minutes of the Property Investment Board meeting held on 20 May 2015.

RESOLVED – That the non-public minutes of the meeting held on 20 May 2015 be approved.

Members discussed several matters arising.

Report of the Town Clerk.

The Board received a report of the Town Clerk that provided Members with the details of a decision made by the Town Clerk, in consultation with the Chairman and Deputy Chairman of the Board, in accordance with Standing Order 41(a).

The Town Clerk also advised Members of four additional decisions under delegated authority (Standing Order 41(b)) that had been considered and approved in consultation with the Chairman and Deputy Chairman since the publication of the report.

RESOLVED – That the report be noted.

Joint report of the Chamberlain and the City Surveyor.

The Board considered a joint report of the Chamberlain and City Surveyor regarding the City of London Pension Fund.

Report of the City Surveyor.

The Board received a report of the City Surveyor that set out the results of the annual valuation of the City’s Cash, Bridge House Estates, and City Fund Estates for the year ending 31 March 2015.

RESOLVED – That the report be noted.

Report of the City Surveyor.

The Board considered a report of the City Surveyor that sought approval to start water penetration works to the Museum of London Building.

Report of the City Surveyor.

The Board considered a report of the City Surveyor regarding a proposed new letting.

Report of the City Surveyor.

The Board considered a report regarding a proposed renewal of a lease of office premises.

There were three items of business that the Chairman considered urgent whilst the public were excluded.