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 Tijs Broeke. |
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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 the 16th of September 2020. Minutes: The Board considered the public minutes and non-public summary of the Property Investment Board meeting held on the 7th of September. Responding to a query from a Member the Chair confirmed that it had not been fully clarified if the Resource Allocation Sub- Committee on the 7th of September did not consider the report on the proposal to Assist City of London Investment Tenants for September Quarter Rents for political reasons and commented that it was likely due to due to a slowing of the system.
RESOLVED– That the Board approved the public minutes and non-public summary of the Property Investment Board meeting held on the 7th of September be approved as accurate record.
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Questions on matters relating to the work of the Board Minutes: There were no questions received in the public session. |
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Any other business that the Chairman considers urgent Minutes: There was no urgent business was considered in the public session. |
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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 the 16th of September 2020.
Minutes: The Board considered the non-public minutes of the Property Investment Board meeting held on the 7th of September.
RESOLVED– That the Board approved the non-public minutes of the Property Investment Board meeting held on the 7th of September be approved as accurate record.
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City Fund, City's Estate and Bridge House Estates - Turnover Rent Proposal to Assist City of London Investment Tenants Report of the City Surveyor. Minutes: The Board considered a report of the City Surveyor on the Turnover Rent Proposal to Assist City of London Investment Tenants for the City Fund, City’s Estate and Bridge House Estates.
RESOVLED- That the report be approved. |
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All Funds - Rental Estimates Monitoring Report Report of the City Surveyor. Minutes: The Board received a report of the City Surveyor on the quarterly update of rental estimates for City’s Estate, Bridge House Estates, City Fund, and the Strategic Estate, as at 30th September 2020.
RESOVLED- That the report be noted. |
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Oracle Property Manager (OPN) Replacement Report of the City Surveyor. Minutes: The Board considered a report of the City Surveyor on the Oracle Property Manager (OPN) Replacement.
RESOLVED- That the report be approved. |
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Delegated Authorities- Decisions at at 30th September Report of the City Surveyor. Minutes: The Board received a report of the City Surveyor which advised Members of property transactions approved under the City Surveyor’s delegated authority between the 1st July to 30th September 2020.
RESOLVED- That the report be noted.
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Action Taken Between Meetings Report of the Town Clerk.
Minutes: The Board received a report of the Town Clerk which advised Members of action taken by the Town Clerk since the last meeting of the Board, in consultation with the Chair and Deputy Chairman, in accordance with Standing Order Nos. 41(a) and (b).
RESOLVED- That the report be noted. |
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6-8 Eastcheap Services Replacement Report of the Town Clerk. Minutes: The Board considered a report of the City Surveyor on the 6-8 East Cheap Services Replacement project.
RESOLVED- That the report be agreed. |
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City's Estate : Nicholls & Clarke Site (Blossom Street Development) Variation to Development Agreement – Enhanced Licence Fees and Inclusion of Covid -19 as an Extension of Time Report of the City Surveyor.
To follow. Minutes: The Board considered a report of the City Surveyor on the Nicholls & Clarke Site (Blossom Street Development) Variation to Development Agreement.
RESOLVED- That the report be approved. |
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City's Estate - Surrender / Deed of Release at 231/233 Tottenham Court Road Report of the City Surveyor.
To follow. Minutes: The Board considered a report of the City Surveyor on the Surrender & Deed of Release for 231/233 Tottenham Court Road in the City’s Estate Fund.
RESOLVED- That the report be approved. |
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City Fund : Turnover Rents on Leadenhall Market Report of the City Surveyor. Minutes: The Board considered a report of the City Surveyor on the proposal for Leadenhall Market Turnover Rents within the City Fund.
RESOLVED- That the report be agreed. |
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City Fund : Gateway 1&2 6 Broad Street Place,EC2 Report of the City Surveyor. Minutes: The Board considered a report of City Surveyor on the Refurbishment and Extension of 6 Broad Street Place within the City Fund.
RESOLVED- That the report be approved. |
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City Fund - Refurbishment and Extension of New Liverpool House, 15/17 Eldon Street, London EC2M Report of the City Surveyor. Minutes: The Board considered a report of the City Surveyor on the Refurbishment and Extension of New Liverpool House, 15/17 Eldon Street within the City Fund Estate.
RESOLVED- That the report be approved. |
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City Fund - Funding Strategy 15/17 Eldon Street EC2 and 6 Broad Street Place EC2 Refurbishment Projects Report of the City Surveyor. Minutes: The Board considred a report of the City Surveyor on the Funding Strategy 15/17 Eldon Street and 6 Broad Street Place Refurbishment Projects within the City Fund Estate.
RESOVLED- That the report be noted. |
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City Fund : Fleet Street Estate VP Strategy - Lease Surrender Agreement & Compensation Agreement - Barclays, 80/81 Fleet Street EC4 Report of the City Surveyor. Minutes: The Board received report of the City Surveyor on the Salisbury Square (formerly Fleet Street Estate) Development Vacant Possession Surrender Agreement and Compensation Agreement, Barclays, 80/81 Fleet Street EC4 & Serving Break Notices.
RESOLVED- That the report noted. |
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Non-Public questions on matters relating to the work of the Board Minutes: There were was one questions received in the non-public session. |
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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 was four items of business considered in the non-public session. |