Agenda and minutes

Property Investment Board - Wednesday, 14th December, 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 Deputy Alastair Moss (Chairman), Tom Sleigh (Deputy Chairman), Mark Boleat, David Brooks Wilson (Co-Opted Member), Deputy Michael Cassidy, Deputy Roger Chadwick, Deputy Brian Harris, Alderman Peter Hewitt, and Liz Peace (Co-Opted Member).

 ...  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 131 KB

To approve the public minutes and summary of the Property Investment Board meeting held on 16 November 2016.

 

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

Minutes:

RESOLVED – That the public minutes and summary of the meeting held on 16 November 2016 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:

The Town Clerk advised that a suggestion made at the last Social Investment Board (SIB) meeting for a Member of the Property Investment Board to be appointed to SIB would be considered at the next Investment Committee meeting.

 ...  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.

 

 

 ...  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 16 November 2016.

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

Minutes:

RESOLVED – That the non-public minutes of the meeting held on 16 November 2016 be approved.

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

8.

Revenue & Capital Budgets 2016/17 - 2017/18

Joint report of the Chamberlain and the City Surveyor.

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

Minutes:

The Board considered a joint report of the Chamberlain and the City Surveyor that sought approval to the revenue and capital budgets for 2017/18.

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

9.

Arrears of Rent as at September 2016 Quarter Day Minus One

Report of the City Surveyor.

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

Minutes:

The Board received a report of the City Surveyor that detailed the position with regards to tenant rent arrears as at 28 September 2016.

 

RESOLVED – That the report be noted.

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

10.

Strategic Property Estate Strategy

Report of the City Surveyor.

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

Minutes:

The Board considered a report of the City Surveyor that sought approval to the revised Strategic Property Estate strategy and received a presentation regarding the progress made within the estate during the previous year.

 

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

11.

City's Estate Strategy Review

Report of the City Surveyor.

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

Minutes:

The Board considered a report of the City Surveyor that sought approval to the revised City’s Estate strategy and received a presentation regarding the progress made within the estate during the previous year.

 

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

12.

Gateway 3/4 Options Appraisal: Temple Chambers - External Redecoration and Repairs

Report of the City Surveyor.

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

Minutes:

The Board considered a report of the City Surveyor that sought approval to a Gateway 3/4 Options Appraisal for an external redecoration and repairs project to Temple Chambers.

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

13.

Gateway 5 Issue Report: 181 Queen Victoria Street, EV4

Report of the City Surveyor.

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

Minutes:

The Board considered a report of the City Surveyor regarding a refurbishment project at 181 Queen Victoria Street, EC4.

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

14.

New Letting - Suite F, 1 Lindsey Street, Smithfield Market EC2

Report of the City Surveyor.

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

Minutes:

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

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

15.

City's Cash Highway Transfer to Bridge House Estates at Independent Valuation - Gresham Street & Wood Street, EC2

Report of the City Surveyor.

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

Minutes:

The Board considered a report of the City Surveyor regarding a transfer of land within the highway.

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

16.

Grant of a New Lease - Candlewick House, Cannon Street EC4

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 grant of a new lease.

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

17.

New Letting - Tabernacle Street, EC2

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.

Museum of London Proposed Relocation - Heads of Terms update

Report of the City Surveyor.

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

Minutes:

The Board received a report of the City Surveyor regarding the Heads of Terms for the proposed relocation of the Museum of London.

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

19.

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

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

Minutes:

There were none.

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

20.

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 20.

Minutes:

There were three items of urgent business.

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