Agenda and minutes

Apologies were received from Nick Bensted-Smith, Mark Boleat, Deputy Michael Cassidy, Deputy John Chapman, Henry Colthurst, Simon Duckworth, Alderman Robert Howard, Jeremy Mayhew, James de Sausmarez and Philip Woodhouse.

Deputy Alastair Moss declared a conflict of interest in item 4, and undertook to leave for the consideration of the item.

To receive the Order of the Court of Common Council, 21 April 2016.

The Committee received an Order of the Court of Common Council of 21 April 2016 appointing the Committee and approving its Terms of Reference, subject to the amendment of a mistake in the Membership listing.

Report of the Town Clerk.

Deputy Alastair Moss left the room for the consideration of this item.

The Committee considered a recommendation from the Standards Hearing Sub Committee, and noted that Deputy John Chapman was not seeking re-election to the Property Investment Board.

RESOLVED – That the recommendation be noted.

Report of the Town Clerk.

The Town Clerk sought Members’ approval on the composition, frequency of meetings, and co-option protocol for the Committee’s Boards.

RESOLVED – That the composition, frequency of meetings, and co-option protocol for the Committee’s Boards be agreed and the terms of reference be approved.

The Town Clerk read a list of names who had indicated their wish to serve on the Financial Investment Board and, with 13 Members indicating they willingness for 12 to 14 places, it was:-

RESOLVED – That the following Members be elected to the Financial Investment Board for the year ensuing.

Financial Investment Board

Nick Bensted-Smith

Deputy Roger Chadwick

Simon Duckworth

Henry Colthurst

Alderman Peter Hewitt

Alderman Robert Howard

Clare James

Edward Lord

Andrew McMurtrie

Deputy Henry Pollard

James de Sausmarez

Ian Seaton

Philip Woodhouse

The Town Clerk read a list of names who had indicated their wish to serve on the Property Investment Board and, with 12 Members indicating their willingness for 12 to 14 places, it was:-

RESOLVED – That the following Members be elected to the Property Investment Board for the year ensuing.

Property Investment Board

Christopher Boden

Mark Boleat

Keith Bottomley

Deputy Michael Cassidy

Deputy Roger Chadwick

George Gillon

Deputy Brian Harris

Ann Holmes

Edward Lord

Deputy Alastair Moss

Dhruv Patel

Tom Sleigh

Election of Chairman and Deputy Chairman to the Financial Investment Board

The Town Clerk invited Members of the newly appointed Financial Investment Board to elect a Chairman in accordance with Standing Order 29. A list of Members eligible to stand was read out and Andrew McMurtrie being the only Member indicating his willingness to serve was declared to have been elected for the year ensuing.

The Town Clerk invited Members of the newly appointed Financial Investment Board to elect a Deputy Chairman in accordance with Standing Order 30. A list

To elect a Chairman in accordance with Standing Order 29.

Members were invited to elect a Chairman in accordance with Standing Order 29. A list of Members eligible to stand was read out and Deputy Alastair Moss being the only Member indicating his willingness to serve was declared to have been elected for the ensuing year.

To elect a Deputy Chairman in accordance with Standing Order 30.

Members were invited to elect a Deputy Chairman in accordance with Standing Order 30. A list of Members eligible to stand was read out and Andrew McMurtrie being the only Member indicating his willingness to serve was declared to have been elected for the ensuing year.

To agree the public minutes and non-public summary of the meeting held on 20 January 2016.

RESOLVED - That the public minutes and non-public summary of the meeting held on 20 January 2016 be approved as an accurate record.

To note the draft public minutes and non-public summary of the meeting held on 4February 2016.

RESOLVED - That the public minutes and non-public summary of the Financial Investment Board meetingheld on 4 February 2016 be noted.

To note the public minutes and non-public summaries of the meetings held on 13 January, 10 February, 9 March and 13 April 2016 (draft).

RESOLVED - That the public minutes and non-public summaries of the Property Investment Board meetings held on 13 January, 10 February, 9 March and 13 April 2016 be noted.

To note the draft public minutes and non-public summary of the meeting held on 1 March 2016.

RESOLVED - That the public minutes and non-public summary of the Social Investment Board meetingheld on 1 March 2016 be noted.

There were no questions.

There was no other business.

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.

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.

To agree the non-public minutes of the meeting held on 20 January 2016.

RESOLVED - That the non-public minutes of the meeting held on 20 January 2016 be approved as an accurate record.

To note the draft non-public minutes of the meeting held on 4 February 2016.

RESOLVED - That the non-public minutes of the Financial Investment Board meetingheld on 4 February 2016 be noted.

To note the non-public minutes of the meetings held on 13 January, 10 February, 9 March and 13 April 2016 (draft).

RESOLVED - That the non-public minutes of the Property Investment Board meetings held on 13 January, 10 February, 9 March and 13 April 2016 be noted.

To note the draft non-public minutes of the meeting held on 1 March 2016.

RESOLVED - That the non-public minutes of the Social Investment Board meetingheld on 1 March 2016 be noted.

Report of the Chamberlain.

This report will also be considered by the Finance Committee on 7 June 2016 and Resources Allocation Sub Committee on 7 July 2016.

The Committee received a report of the Chamberlain.

RESOLVED – That the report be noted.

Report of the Chamberlain.

The Committee received a report of the Chamberlain.

RESOLVED – That the report be noted.

Report of the Chief Grants Officer.

The Committee received a report of the Chief Grants Officer.

RESOLVED – That the report be noted.

There was one non-public question.

There was no other business.