Agenda and minutes

Property Investment Board - Wednesday, 13th January, 2016 1.45 pm

Venue: Committee Room 2 - 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 Mark Boleat and Dhruv Patel.

 ...  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:

The Chairman declared a non-pecuniary interest in item 10 as a consultant to Gardiner and Theobald LLP, mentioned in the report, and a pecuniary interest in item 16 as a Freeman of the Goldsmiths Company.

 

 

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

3.

Minutes pdf icon PDF 130 KB

To approve the public minutes and summary of the Property Investment Board meeting held on 9 December 2015.

 

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

Minutes:

RESOLVED – That the public minutes and summary of the Board meeting held on 9 December 2015 be approved.

 ...  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.

7-12, 14-21

3

13

23

3 & 5

1 & 2

 

 

 

 

 ...  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 9 December 2015.

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

Minutes:

RESOLVED – That the non-public minutes of the Board meeting held on 9 December 2015 be approved.

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

8.

Report of Action Taken under Delegated Authority or Urgency procedures

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 details of two decisions taken under delegated authority and urgency, in consultation with the Chairman and Deputy Chairman of the Board, since its last meeting.

 

RESOLVED – That the action taken under delegated authority and urgency be noted.

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

9.

Quarterly Delegated Authorities Update - 1st October 2015 to 31 December 2015

Report of the City Surveyor.

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

Minutes:

The Board received a report of the City Surveyor that provided details of the property transactions approved under my delegated authority between 1 October 2015 to 31 December 2015.

 

RESOLVED – That the report be noted.

 

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

10.

Outstanding Lease Renewals and 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 that provided details of all outstanding lease renewals and rent reviews as at 31 December 2015.

 

RESOLVED – That the report be noted.

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

11.

Expenditure to Allow Preliminary Investigations into Smithfield General Market and Annexe

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 details of some expenditure to allow preliminary investigations into Smithfield General Market and Annexe.

 

RESOLVED – That the report be noted.

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

12.

First Registration of the City's Freehold Titles - Progress since January 2015

Report of the City Surveyor.

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

Minutes:

The Board received a report of the City Surveyor that detailed the progress of the City of London Corporation’s title registration project, which was integral to the City Corporation fulfilling its property asset management responsibilities.

 

RESOLVED – That the report be noted.

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

13.

GLA Roads - Land Dispute with Transport for London

Report of the Comptroller and City Solicitor.

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

Minutes:

The Board received a report of the Comptroller and City Solicitor that provided Members with the details of the dispute and High Court appeal decision regarding the transfer of highway land between the City of London Corporation and Transport for London.

 

RESOLVED – That the report be noted.

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

14.

Bridge House Estates Strategic Update

Report of the City Surveyor.

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

Additional documents:

Minutes:

The Board received a report and presentation from the City Surveyor that provided an annual update of the strategy for the Bridge House Estate.

 

RESOLVED – That the annual update of the strategy for the Bridge House Estate be noted.

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

15.

City Fund Strategic Update

Report of the City Surveyor.

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

Additional documents:

Minutes:

The Board received a report and presentation from the City Surveyor that provided an annual update of the property investment strategy for the City Fund.

 

RESOLVED – That the annual update of the property investment strategy for the City Fund.

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

16.

Land Disposal - Wood Street, EC2

Report of the City Surveyor.

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

Minutes:

The Board considered a report of the City Surveyor that sought approval to the sale of the freehold interest in City Fund land.

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

17.

Letting Report - Fleet Street, EC4

Report of the City Surveyor.

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

Minutes:

The Board considered a report of the City Surveyor that sought approval to the grant of a new lease.

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

18.

Issue Report - New Bond Street, W1

Report of the City Surveyor.

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

Minutes:

The Board considered a report of the City Surveyor regarding a redevelopment project.

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

19.

Letting Report - New Bond Street, W1

Report of the City Surveyor.

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

Minutes:

The Board considered a report of the City Surveyor that sought approval to an interim rent settlement.

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

20.

Letting Report - New Broad Street, EC2

Report of the City Surveyor.

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

Minutes:

The Board considered a report of the City Surveyor that sought approval to the grant of a new lease.

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

21.

Letting Report - Alfred Place, WC1

Report of the City Surveyor.

 ...  view the full agenda text for item 21.

Minutes:

The Board considered a report of the City Surveyor that sought approval to the grant of a licence for works.

 ...  view the full minutes text for item 21.

22.

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

 ...  view the full agenda text for item 22.

Minutes:

There was one question.

 ...  view the full minutes text for item 22.

23.

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 23.

Minutes:

The Board considered four items of urgent business.

 ...  view the full minutes text for item 23.