Agenda

Investment Committee - Thursday, 25th July, 2024 10.00 am, MOVED

Venue: Committee Rooms, 2nd Floor, West Wing, Guildhall

Contact: Ben Dunleavy  Email: ben.dunleavy@cityoflondon.gov.uk

Note: Moved from 23 July 

Items
No. Item

Part 1 - Public Agenda

1.

Apologies

 ...  view the full agenda 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.

3.

Minutes pdf icon PDF 135 KB

To approve the public minutes and non-public summary of the meeting held on 21 May 2024.

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

4.

Forward Plan pdf icon PDF 131 KB

 ...  view the full agenda text for item 4.

5.

Risk Register Update for Investment Committee pdf icon PDF 229 KB

Joint Report of the City Surveyor and the Chamberlain.

 ...  view the full agenda text for item 5.

Additional documents:

6.

Treasury Management Update as at 31 May 2024 pdf icon PDF 424 KB

Report of the Chamberlain.

 ...  view the full agenda text for item 6.

Additional documents:

7.

City Surveyor's Business Plan 2023-28 Quarter 4 2023/24 Update pdf icon PDF 182 KB

Report of the City Surveyor.

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

Additional documents:

8.

Wardmote Resolutions

a)        To consider the following Resolution from the Ward of Langbourn – 20 March 2024:

 

“The Ward of Langbourn has become increasingly concerned about the lack of action by the City of London Corporation in adopting a sustainable strategy for Leadenhall Market, which will enable the Market and its tenants to flourish in the future. It is hereby resolved by this Wardmote to request the City of London Corporation:

i)             To review the options to establish a more appropriate management and ownership structure for this iconic asset and make a decision as to future strategy no later than May 2024.

ii)            To establish an action plan and timetable for implementation by September 2024”.

 

b)        To consider the following Resolution from the Ward of Lime Street – 20 March 2024:

 

(i)            “The Lime Street Wardmote resolved that:

1)    City of London Corporation be asked to review the options to establish a more appropriate management and ownership structure for Leadenhall Market and the Monument and make a decision as to future strategy as soon as it is possible and by no later than May 2024 and;

1)    To establish an action plan and timetable for implementation by September 2024.

Such an action plan should also consider potential involvement of ECBid and also inclusion of the Monument in its considerations”.

 

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

9.

Questions on matters relating to the work of the Committee

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

10.

Any other Business that the Chair considers urgent

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

11.

Exclusion of the Public

MOTION, that – under Section 100(A) 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 I of the Schedule 12A of the Local Government Act or relate to functions of the Court of Common Council which are not subject to the provisions of Part VA and Schedule 12A of the Local Government Act 1972.

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

Part 2 - Non-Public Agenda

12.

Non-Public Minutes

To approve the non-public minutes of the meeting held on 21 May 2024.

 

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

13.

Real Estate Investment Strategy

Report of the City Surveyor.

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

14.

City's Estate - Update on Asset Allocation, Drawdown and Liquidity Reserve

Report of the Chamberlain.

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

15.

Disinvestment Advice and Investment Strategy Review

The Chamberlain.

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

16.

City's Estate Draft Dashboard

Report of the Chamberlain.

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

17.

Puddle Dock – Development Options Review

Report of the City Surveyor.

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

18.

City Fund - Calcutta House and 133 Whitechapel High Street

Report of the City Surveyor.

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

19.

One Salisbury Square / Sustainability Enhancements

Report of the City Surveyor.

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

20.

Delegations Request

Report of the City Surveyor.

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

21.

Climate Action Dashboard Update

The City Surveyor to be heard.

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

22.

Performance Monitoring to 31 May 2024: City's Estate

Report of the Chamberlain.

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

23.

Sir William Coxen Trust Fund Performance Monitoring to 31 March 2024

Report of the Chamberlain.

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

24.

Hampstead Heath Trust & Charities Pool Investment Performance Monitoring to 31 March 2024

Report of the Chamberlain.

 ...  view the full agenda text for item 24.

25.

City Fund & City's Estate: Investment Property Monitoring Report

Report of the City Surveyor.

 ...  view the full agenda text for item 25.

26.

City's Estate & City Fund Estate: Performance Monitoring of Property Investment Portfolios to 31st March 2024

Report of the City Surveyor.

 ...  view the full agenda text for item 26.

27.

City Fund & City's Estate Rental Estimates

Report of the City Surveyor.

 ...  view the full agenda text for item 27.

28.

City Surveyor Revenue Outturn 2023-24

Report of the City Surveyor.

 ...  view the full agenda text for item 28.

29.

City Fund & City's Estate Revenue Works Programme - Update (half yearly report)

Report of the City Surveyor.

 ...  view the full agenda text for item 29.

30.

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

 ...  view the full agenda text for item 30.

31.

Any Other Business that the Chairman considers urgent and which the Committee agree should be considered whilst the public are excluded

 ...  view the full agenda text for item 31.