Agenda and minutes

Venue: Committee Rooms - West Wing, Guildhall

Contact: Philippa Sewell
tel. no.: 020 7332 1426  Email: philippa.sewell@cityoflondon.gov.uk

Items
No. Item

1.

Apologies

Minutes:

Apologies were received from Deputy Michael Cassidy, Henry Colthurst, Alderman Peter Hewitt, Dhruv Patel, Deputy Henry Pollard, Jeremy Mayhew and Ian Seaton.

 ...  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 192 KB

To agree the public minutes and non-public summary of the meeting held on 25 May 2016.

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

Minutes:

RESOLVED - That the public minutes and non-public summary of the meeting held on 25 May 2016 be approved as an accurate record.

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

4.

Minutes of the Financial Investment Board pdf icon PDF 181 KB

To note the public minutes and non-public summaries of the meetings held on 26 May 2016, 30 June 2016, 6 September 2016, 27 October 2016 and 1 December 2016.

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

Additional documents:

Minutes:

RESOLVED - That the public minutes and non-public summaries of the Financial Investment Board meetings held on 26 May,  30 June, 6 September, 27 October and 1 December 2016 be noted.

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

5.

Minutes of the Property Investment Board pdf icon PDF 138 KB

To note the public minutes and non-public summaries of the meetings held on 25 May 2016, 15 June 2016, 20 July 2016, 14 September 2016, 19 October 2016, 16 November 201, and 14 December 2016.

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

Additional documents:

Minutes:

RESOLVED - That the public minutes and non-public summaries of the Property Investment Board meetings held on 25 May, 15 June, 20 July, 14 September, 19 October, 16 November and 14 December 2016 be noted.

 

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

6.

Minutes of the Social Investment Board pdf icon PDF 224 KB

To note the public minutes and non-public summaries of the meetings held on 12 July 2016, 14 September 2016 and 13 December 2016.

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

Additional documents:

Minutes:

RESOLVED - That the public minutes and non-public summaries of the Social Investment Board meetings held on 12 July, 14 September and 13 December 2016 be noted.

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

7.

Annual Review of the Committee’s Terms of Reference pdf icon PDF 72 KB

Report of the Town Clerk.

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

Minutes:

The Committee considered a report of the Town Clerk which requested the Committee to conduct their annual review of the Committee’s Terms of Reference.

 

RESOLVED – That the Terms of Reference be approved.

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

8.

Resolution from the Social Investment Board pdf icon PDF 65 KB

Resolution from the Social Investment Board regarding proposed changes to the Board’s Membership.

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

Minutes:

The Committee considered a resolution from the Social Investment Board regarding some proposed changes to the Board’s membership.

 

RESOLVED – That the following changes to the Social Investment Board’s membership be approved:

·         The addition of a Property Investment Board Member to the Social Investment Board;

·         The addition of a City Bridge Trust Committee Member to the Social Investment Board;

·         Giving the Investment Committee appointment powers for the two Members previously elected by the Court of Common Council. These appointments would still be made from the entire Court Membership (not just from the Investment Committee);

·         External co-opted members be appointed for four-year terms, subject to annual reappointment at the first meeting of the Board after Annual Court in April.

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

9.

Resolution from the Finance Committee pdf icon PDF 94 KB

Report of the Town Clerk.

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

Additional documents:

Minutes:

The Committee considered a request from the Finance Committee regarding Corporate Asset Sub-Committee (CASC) taking responsibility for decisions regarding the disposal of properties which had been declared as surplus to the Corporation’s operational requirements and which were not suitable as investment property assets.

 

RESOLVED – That:

a)    the proposal from the Finance Committee to allow the Corporate Asset Sub (Finance) Committee to make disposals of properties which are not suitable to be retained as investment property assets be supported;

b)    the Policy and Resources Committee and Court of Common Council be requested to amend Standing Orders 56 and 57 to enable this proposal to be enacted.

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

10.

Questions on matters relating to the work of the Committee

Minutes:

There were no questions.

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

11.

Any Other Business that the Chairman considers urgent

Minutes:

There was no other business.

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

12.

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 12.

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

13-23

                            3

24

                            -

 

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

13.

Non-public minutes of the previous meeting

To agree the non-public minutes of the meeting held on 25 May 2016.

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

Minutes:

RESOLVED - That the non-public minutes of the meeting held on 25 May 2016 be approved as an accurate record.

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

14.

Non-public minutes of the Financial Investment Board

To note the non-public minutes of the meetings held on 26 May 2016, 30 June 2016, 6 September 2016, 27 October 2016 and 1 December 2016.

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

Minutes:

RESOLVED - That the non-public minutes of the Financial Investment Board meetings held on 26 May,  30 June, 6 September, 27 October and 1 December 2016 be noted.

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

15.

Non-public minutes of the Property Investment Board

To note the non-public minutes of the meetings held on  25 May 2016, 15 June 2016, 20 July 2016, 14 September 2016, 19 October 2016, 16 November 201, and 14 December 2016.

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

Minutes:

RESOLVED - That the non-public minutes of the Property Investment Board meetings held on 25 May, 15 June, 20 July, 14 September, 19 October, 16 November and 14 December 2016 be noted.

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

16.

Non-public minutes of the Social Investment Board

To note the non-public minutes of the meeting held on 12 July 2016, 14 September 2016 and 13 December 2016.

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

Minutes:

RESOLVED - That the non-public minutes of the Social Investment Board meetings held on 12 July, 14 September and 13 December 2016 be noted.

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

17.

Strategic Property Estate - 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.

City's Estate Strategy Report

Report of the City Surveyor.

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

Minutes:

The Committee received a report of the City Surveyor.

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

19.

City Fund Strategic Review - Annual Update

Report of the City Surveyor.

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

Minutes:

The Committee received a report of the City Surveyor.

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

20.

Bridge House Estates - Annual Strategy Update

Report of the City Surveyor.

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

Minutes:

The Committee received a report of the City Surveyor.

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

21.

Investments Performance Monitoring to 30 September 2016

Report of the Chamberlain.

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

Minutes:

The Committee received a report of the Chamberlain.

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

22.

Update of the Social Investment Board

Report of the Chief Grants Officer.

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

Minutes:

The Committee received a report of the Chief Grants Officer.

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

23.

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

Minutes:

There was one non-public question.

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

24.

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

Minutes:

There was no other business.

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