Agenda and minutes

Apologies for absence were received from Christopher Boden, Mark Boleat and Deputy Brian Harris.

No declarations of interest were received.

To approve the public minutes and summary of the Property Investment Board meeting held on 17 June 2015.

RESOLVED – That the public minutes and non-public summary of the previous meeting held on 17 June 2016 be approved as an accurate record.

There were no questions.

There were no urgent items.

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 17 June 2015.

The non-public minutes of the previous meeting held on 17 June 2016 were approved as an accurate record.

Report of the Town Clerk.

The Board noted a report of the Town Clerk which set out decisions taken under delegated authority or urgency since the Board’s last meeting. The Town Clerk also updated on two decisions which had been taken since the publication of the report.

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

The Board considered and approved a report of the Comptroller and City Solicitor which requested approval for a land disposal at Victoria Embankment/Blackfriars Bridge foreshore.

Joint report of the Chamberlain and the City Surveyor.

The Board noted a joint report of the Chamberlain and City Surveyor which provided the revenue outturn for 2014/15 for the services overseen by the Board.

Report of the City Surveyor.

The Board noted a report of the City Surveyor which advised the Board of the property transactions approved under the City Surveyor’s delegated authority between 1 April 2015 and 30 June 2015.

Report of the City Surveyor.

The Board noted a report of the City Surveyor which informed the Board of the current position with regards to tenant arrears.

Report of the City Surveyor.

The Board noted a report of the City Surveyor which set out the vacancy position as at 1 June 2015.

Report of the City Surveyor.

The Board noted a report of the City Surveyor which set out the results from the Investment Property Databank for the performance of the City Fund, City’s Estates and Bridge House Estate Property Investment Portfolios, and the amalgamated “House Fund”, for the year ending 31 March 2015.

Report of the City Surveyor.

The Board considered and approved a report of the City Surveyor which requested authority to start enabling works for the London Film School tenancy at the Barbican Exhibition Hall 1.

Report of the City Surveyor.

The Board considered and approved a report of the City Surveyor which provided the Gateway 7 Outcome report for 42 North Road, London.

Report of the City Surveyor.

The Board noted a report of the City Surveyor which provided an update on the current situation in relation to Greater London Authority Roads with Transport for London.

Report of the City Surveyor.

The Board considered and approved a report of the City Surveyor which requested approval for a City Fund & City's Estate Highway Disposal at 100 Minories, EC3.

Report of the City Surveyor.

The Board considered and approved a report of the City Surveyor which outlined the terms of a lease renewal of office premises for Suite D, East Market Building, Smithfield Market.

Report of the City Surveyor.

The Board considered and approved a report of the City Surveyor which requested approval for rent reviews at South Molton Street, W1.

Report of the City Surveyor.

The Board considered and approved a report of the City Surveyor which requested approval for the grant of a new lease at Leadenhall Market.

Report of the City Surveyor.

The Board considered and approved a report of the City Surveyor which requested approval for the grant of a new lease for the second floor of 15 Worship Street, EC2. The Town Clerk advised that a revised version of this report had been circulated around the room.

Report of the City Surveyor.

The Board considered and approved a report of the City Surveyor which requested approval for the grant of a new lease for the third floor of 15 Worship Street, EC2.

Report of the City Surveyor.

The Board considered and approved a report of the City Surveyor which requested approval for the surrender of the current lease and granting of a new lease for a basement substation at 4/14 Tabernacle Street.

Report of the City Surveyor.

The Board considered and approved a report of the City Surveyor which requested approval for a rent review of a commercial building comprising offices and restaurant accommodation at Gracechurch Street, EC3.

There were no questions.

The Committee considered an item of urgent business relating to delegated authority to be granted to the Town Clerk to deal with various property issues during the summer recess.