Venue: Committee Rooms, 2nd Floor, West Wing, Guildhall
Contact: Richard Holt Email: Richard.holt@cityoflondon.gov.uk
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Apologies for Absence Minutes: Apologies for absence were received from Dhruv Patel, Deputy Phillip Woodhouse and Christopher Hayward. |
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Members' Declarations under the Code of Conduct in respect of items on the agenda Minutes: There were no declarations. |
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To approve the public minutes and non-public summary of the Property Investment Board meeting held on 20 March 2019.
Minutes: Members considered the draft public minutes and non-public summary of the last meeting of the Board on 20 March 2019.
RESOLVED – That the public minutes and non-public summary of the meeting held on 20 March 2019 be approved as an accurate record.
Matters Arising Energy Consumption- Further to a Member’s question during the last meeting of the Board the City Surveyor provided Members with an update on the issue of energy consumption within the buildings directly managed by the City of London Corporation: KPI 2 – Energy Consumption At the presentation of the draft 2019-24 Business Plan at Property Investment Board (PIB) on 20 March 2019, a Member queried one of the Key Performance Indicators (KPI). This item was KPI 2 – Corporate Energy Consumption. It was questioned whether it was more desirable to report on Energy Efficiency. Although not explicitly stated within the high-level business plan, this measure is reported for the purposes of Corporate Asset Sub Committee (CASC) and not for PIB. However, it is worthwhile to respond to the Member query to explain the situation. We have taken the opportunity to consult with the Energy Team on this point, and there are currently a number of barriers to reporting on Energy Efficiency for the entirety of our estate:
2. Different property uses – When considering energy efficiency, building use must be considered. For instance, it would be appropriate to consider ‘KWH per workstation’ for an office environment such as the Guildhall North Wing, |
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Questions on matters relating to the work of the Board Minutes: There were no questions. |
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Any other business that the Chairman considers urgent Minutes: There was no other business. |
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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.
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.
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Non Public Minutes To approve the non-public minutes of the Property Investment Board meeting held on 20 March 2019. Minutes: RESOLVED – That, pending corrections, the non-public minutes of the meeting held on 20 March 2019 be approved. |
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Action Between Meetings Report of the Town Clerk. Minutes: The Board received a report of the Town Clerk.
RESOLVED- That the report be noted. |
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City Fund, City's Estate and Bridge House Estates - Scheme of Delegations and Gateways Report of the City Surveyor. Minutes: The Board considered a report of the City Surveyor.
RESOLVED- That the report be agreed. |
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City Fund, City's Estate & Bridge House Estates - Quarterly Delegated Authorities Update - 1st January to 31st March 2019 Report of the City Surveyor. Minutes: The Board received a report of the City Surveyor.
RESOLVED- That the report be noted. |
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City Fund, City's Estate, Bridge House Estates and Strategic Property Estate - Annual Valuation Report of the City Surveyor. Minutes: The Board received a report of the City Surveyor.
RESOLVED- That the report be noted. |
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Rental Forecasts Quarterly Report Report of the City Surveyor.
To follow Minutes: The Board received a report of the City Surveyor.
RESOLVED- That the report be agreed. |
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City’s Estate – Letting Report –Ground & Basement, 47 South Molton Street – Grant of New Lease to Hobbs Ltd Report of the City Surveyor.
Minutes: The Board considered a report of the City Surveyor.
RESOLVED- That the report be agreed. |
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City’s Estate – 79-83 Charterhouse Street, EC1 - New 25 year lease from completion Report of the City Surveyor.
To follow Minutes: The Board considered a report of the City Surveyor.
RESOLVED- That the report be agreed. |
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City Fund- Fleet Street Estate - Vacant Possession Report of the City Surveyor. Minutes: The Board received a report of the City Surveyor.
RESOLVED-That the report be noted. |
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City Fund- Fleet Street Estate - Progress Report Report of the City Surveyor. Minutes: The Board received a report of the City Surveyor.
RESOLVED- That the report be noted. |
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City Fund – New Letting - 4th Floor, 21-26 Garlick Hill, EC4 Report of the City Surveyor.
To follow Minutes: The Board considered a report of the City Surveyor.
RESOLVED- That the report be agreed. |
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City Fund - St Botolph’s Row, London EC3 -Ground Lease Extension Report of the City Surveyor.
To follow Minutes: The Board considered a report of the City Surveyor.
RESOLVED- That the report be agreed. |
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City’s Cash Highway Land Transfer to City Fund and Oversail - Independent Valuation – 1 Leadenhall Court EC3V 1PP Report of the City Surveyor.
To follow Minutes: The Board noted that the report had been deferred.
RESOLVED-That the report be deferred. |
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Bridge House Estates Bridgemaster’s House, London, SE1 – Agreement for Lease and Lease of the Restaurant to The Real Greek Report of the City Surveyor.
To follow Minutes: The Board considered a report of the City Surveyor.
RESOLVED- That the report be agreed. |
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Non-Public questions on matters relating to the work of the Board Minutes: There were no questions. |
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Any other business that the Chairman considers urgent and which the Board agrees should be considered whilst the public are excluded Minutes: There were four items of urgent business considered in the non-public session. |