Agenda and minutes

Venue: Virtual Public Meeting (Accessible Remotely)

Contact: Joseph Anstee
tel. no.: 020 7332 1480  Email: joseph.anstee@cityoflondon.gov.uk

Items
No. Item

1.

Apologies

Minutes:

Apologies for absence were received from James de Sausmarez.

 ...  view the full minutes text for item 1.

2.

Members' Declarations under the Code of Conduct in respect of items on the agenda

Minutes:

There were no declarations.

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

3.

Minutes of the previous meeting pdf icon PDF 180 KB

To agree the public minutes and non-public summary of the meeting held on 21 July 2020.

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

Minutes:

RESOLVED - That the public minutes and non-public summary of the meeting held on 21 July 2020 be approved as an accurate record.

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

4.

Minutes of the Investment Boards

Minutes:

4a

Minutes of the Financial Investment Board pdf icon PDF 155 KB

To note the public minutes and non-public summary of the meetings held on 13 July 2020, 23 September 2020 and 25 November 2020.

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

Additional documents:

Minutes:

RESOLVED - That the public minutes and non-public summary of the Financial Investment Board meetings held on 13 July 2020, 23 September 2020 and 25 November 2020 be noted.

 

 ...  view the full minutes text for item 4a

4b

Minutes of the Property Investment Board pdf icon PDF 160 KB

To note the public minutes and non-public summary of the meetings held on 22 July 2020, 19 August 2020, 16 September 2020 and 11 November 2020.

 

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

Additional documents:

Minutes:

RESOLVED - That the public minutes and non-public summary of the Property Investment Board meetings held on 22 July 2020, 19 August 2020, 16 September 2020, 11 November 2020 and 16 December be noted.

 

 ...  view the full minutes text for item 4b

4c

Minutes of the Social Investment Board pdf icon PDF 134 KB

To note the public minutes and non-public summary of the meetings held on 23 July 2020 and 4 November 2020.

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

Additional documents:

Minutes:

RESOLVED - That the public minutes and non-public summary of the Social Investment Board meetings held on 23 July 2020 and 4 November 2020.

 ...  view the full minutes text for item 4c

5.

Annual Review of the Committee's Terms of Reference pdf icon PDF 104 KB

Report of the Town Clerk

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

Minutes:

The Committee considered a report of the Town Clerk asking the Committee to review its terms of reference.

 

A Member commented that the Committee would be discussing its governance later in the agenda, and as the Committee may want to revisit its terms of reference following this discussion, could consider delegating authority to agree any subsequent revisions. The Chair advised that the Committee could agree the terms of reference as set out, subject to any amendments proposed arising from the Committee’s governance discussion.

 

RESOLVED – That the terms of reference of the Committee be approved for submission to the Court of Common Council as set out, subject to any agreed amendments arising from the Committee’s consideration of its future governance.

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

6.

Report of Action Taken pdf icon PDF 116 KB

Report of the Town Clerk

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

Minutes:

The Committee received a report of the Town Clerk advising Members of actions taken by the Town Clerk since the last meeting of the Committee, in consultation with the Chair and Deputy Chairman, in accordance with Standing Order Nos. 41(a) and 41(b).

 

RESOLVED – That the report be noted.

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

7.

Questions on matters relating to the work of the Committee

Minutes:

There were no questions.

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

8.

Any Other Business that the Chair considers urgent

Minutes:

The Chair advised that there had been a further expression of interest in one of the vacant positions for Members of the Investment Committee on the Property Investment Board and sought the Committee’s agreement to appoint to this position.

 

RESOLVED – That Simon Duckworth be appointed to the Property Investment Board.

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

9.

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.

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

Minutes:

RESOLVED - 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.

 

Item No.

 

Paragraph(s) in Schedule 12A

10 - 11

                            3

12

13 - 21

                            3,5

  3

22 - 23

-

 

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

10.

Non-public minutes of the previous meeting

To agree the non-public minutes of the meeting held on 21 July 2020.

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

Minutes:

RESOLVED - That the non-public minutes of the meeting held on 21 July 2020 approved as an accurate record.

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

11.

Non-Public Minutes of the Investment Boards

Minutes:

11a

Non-public minutes of the Financial Investment Board

To note the non-public minutes of the meeting held on 13 July 2020, 23 September 2020 and 25 November 2020.

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

Minutes:

RESOLVED - That the non-public minutes of the Financial Investment Board meetings held on 13 July 2020, 23 September 2020 and 25 November 2020 be noted.

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

11b

Non-public minutes of the Property Investment Board

To note the non-public minutes of the meetings held on 22 July 2020, 19 August, 16 September, 11 November 2020 and 16 December 2020.

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

Minutes:

RESOLVED - That the non-public minutes of the Property Investment Board meetings held on 22 July 2020, 19 August 2020, 16 September 2020, 11 November 2020 and 16 December 2020 be noted.

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

11c

Non-public minutes of the Social Investment Board

To note the non-public minutes of the meetings held on 23 July 2020 and 4 November 2020.

 

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

Minutes:

RESOLVED - That the non-public minutes of the Social Investment Board meetings held on 23 July 2020 and 4 November 2020 be noted.

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

12.

Bridge House Estates Strategic Governance Review - Update Five

Report of the Town Clerk & Chief Executive and the Chief Grants Officer and Director of City Bridge Trust (CGO)

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

Minutes:

13.

Bridge House Estates Transitional Investment Strategy Statement

Report of the CGO and the Chamberlain

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

Minutes:

The Committee received a report of the Chief Grants Officer and Director of City Bridge Trust (CGO) and considered a report of the CGO and the Chamberlain.

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

14.

STRATEGIC PROPERTY ESTATE - ANNUAL UPDATE

Report of the City Surveyor

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

Minutes:

The Committee received a report of the City Surveyor.

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

15.

City's Estate Strategy Report

Report of the City Surveyor

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

Minutes:

The Committee received a report of the City Surveyor.

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

16.

City Fund Strategy Report

Report of the City Surveyor

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

Minutes:

The Committee received a report of the City Surveyor.

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

17.

Bridge House Estates - Annual Strategy Update

Report of the City Surveyor

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

Minutes:

The Committee received a report of the City Surveyor.

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

18.

Financing the Capital Programme

Report of the Chamberlain

 

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

Minutes:

The Committee received a report of the Chamberlain.

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

19.

Future Governance

The Chair to be heard.

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

Minutes:

The Chair led a discussion on the Committee’s future governance.

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

20.

Investment Performance Monitoring to 30 September 2020

Report of the Chamberlain

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

Minutes:

The Committee received a report of the Chamberlain.

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

21.

Update of the Social Investment Board

Report of the CGO

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

Minutes:

The Committee received a report of the CGO.

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

22.

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

Minutes:

There were no non-public questions.

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

23.

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

Minutes:

There was no other business.

 

The Chair then thanked Members and officers for their attendance and contributions before closing the meeting.

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