Agenda and minutes

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 Nick Bensted-Smith and Tim Levene. Apologies for lateness were received from Alderman Alison Gowman, Alderman Prem Goyal, Alderman Robert Howard and Alderman Robert Hughes-Penney.

 ...  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.

Order of the Court of Common Council pdf icon PDF 81 KB

To receive the Order of the Court of Common Council on 16 July 2020.

 

TO FOLLOW

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

Minutes:

The Committee received an Order of the Court of Common Council of 16 July 2020 appointing the Committee and approving its Terms of Reference.

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

4.

Appointment of the Boards and Frequency of Meetings pdf icon PDF 102 KB

Report of the Town Clerk

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

Additional documents:

Minutes:

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

 

The Town Clerk read a list of names who had indicated their wish to serve on the Financial Investment Board. As there were 15 Members indicating their willingness to serve for 12 to 14 places, it was: -

 

RESOLVED – That the Financial Investment Board be expanded to 15 Members of the Investment Committee for the year ensuing; and that the following Members be appointed to the Financial Investment Board for the year ensuing:

 

Nick Bensted-Smith

Henry Colthurst

Anne Fairweather

Alderman Prem Goyal

Deputy Tom Hoffman

Alderman Robert Howard

Alderman Robert Hughes-Penney

Deputy Jamie Ingham Clark

Deputy Clare James

Tim Levene

Andrien Meyers

Deputy Henry Pollard

James de Sausmarez

Ian Seaton

Deputy Philip Woodhouse

 

The Town Clerk read a list of names who had indicated their wish to serve on the Property Investment Board and, with 10 Members indicating their willingness for 12 to 14 places, it was: -

 

RESOLVED – That the following Members be appointed to the Property Investment Board for the year ensuing:

 

Tijs Broeke

Alderman Alison Gowman

Christopher Hayward

Michael Hudson

Deputy Jamie Ingham Clark

Shravan Joshi

Andrien Meyers

Dhruv Patel

Deputy Tom Sleigh

Deputy Philip Woodhouse

 

The Town Clerk read a list of names who had indicated their wish to serve on the Social Investment Board.

 

RESOLVED – That Alderman Robert Hughes-Penney be appointed to the Social Investment Board, for three years.

 

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 Nick Bensted-Smith, being the only

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

5.

Election of Chair/Chairman

To elect a Chair/Chairman in accordance with Standing Order 29.

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

Minutes:

6.

Election of Deputy Chair/Chairman

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

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

Minutes:

The Committee proceeded to elect a Deputy Chair/Chairman in accordance with Standing Order No.30. The Town Clerk read a list of Members eligible to stand and Nick Bensted-Smith, being the only Member who expressed his willingness to serve, was duly elected as Deputy Chairman of the Committee for the ensuing year.

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

7.

Minutes of the previous meeting pdf icon PDF 122 KB

To agree the public minutes and non-public summary of the meeting held on 15 January 2020.

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

Minutes:

RESOLVED - That the public minutes and non-public summary of the meeting held on 15 January 2020 be approved as an accurate record.

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

8.

Minutes of the Investment Boards

Minutes:

8a

Minutes of the Financial Investment Board pdf icon PDF 106 KB

To note the public minutes and non-public summary of the meetings held on 11 February 2020 and 3 June 2020.

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

Additional documents:

Minutes:

RESOLVED - That the public minutes and non-public summary of the Financial Investment Board meetings held on 11 February 2020 and 3 June 2020 be noted.

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

8b

Minutes of the Property Investment Board pdf icon PDF 160 KB

To note the public minutes and non-public summaries of the meeting held on 21 January 2020, 18 March 2020 and 26 May 2020.

 

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

Additional documents:

Minutes:

RESOLVED - That the public minutes and non-public summary of the Property Investment Board meetings held on 21 January 2020, 18 March 2020 and 26 May 2020 be noted.

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

8c

Minutes of the Social Investment Board pdf icon PDF 139 KB

To note the public minutes and non-public summary of the meeting held on 12 February 2020 and 27 May 2020.

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

Additional documents:

Minutes:

RESOLVED - That the public minutes and non-public summary of the Social Investment Board meetings held on 12 February 2020 and 27 May 2020 be noted.

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

9.

Questions on matters relating to the work of the Committee

Minutes:

There were no questions.

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

10.

Any Other Business that the Chairman considers urgent

Minutes:

There was no other business.

 ...  view the full minutes 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.

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

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

12 – 13

                            3

14

15 – 18

19 – 20

                            3,5

3

-

 

 

 

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

12.

Non-public minutes of the previous meeting

To agree the non-public minutes of the meeting held on 15 January 2020.

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

Minutes:

RESOLVED: That the non-public minutes of the meeting held on 15 January 2020 be approved as an accurate record.

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

13.

Non-Public Minutes of the Investment Boards

Minutes:

13a

Non-public minutes of the Financial Investment Board

To note the non-public minutes of the meetings held on 11 February 2020 and 3 June 2020.

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

Minutes:

RESOLVED - That the non-public minutes of the Financial Investment Board meetings held on 11 February 2020 and 3 June 2020 be noted.

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

13b

Non-public minutes of the Property Investment Board

To note the non-public minutes of the meetings held on held on 21 January 2020, 18 March 2020 and 26 May 2020.

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

Minutes:

RESOLVED - That the non-public minutes of the Property Investment Board meetings held on 21 January 2020, 18 March 2020 and 26 May 2020 be noted.

 

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

13c

Non-public minutes of the Social Investment Board

To note the non-public minutes of the meetings held on 12 February 2020 and 27 May 2020.

 

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

Minutes:

RESOLVED - That the non-public minutes of the Social Investment Board meetings held on 12 February 2020 and 27 May 2020 be noted.

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

14.

Bridge House Estates Strategic Review - Update Four

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

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

Minutes:

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

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

15.

Rent deferrals for investment property portfolio (City Fund, City's Estate and Bridge House Estates)

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.

Proposal to Assist City of London Investment and Operational Tenants for June Quarter Rents

Minutes:

16a

Proposal to Assist City of London Investment and Operational Tenants for June Quarter Rents

Report of the City Surveyor

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

Minutes:

The Committee received a report of the City Surveyor.

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

16b

City Fund, City's Estate and Bridge House Estates - Proposal to Assist City of London Investment and Operational Tenants for June Quarter Rents

Report of the City Surveyor

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

Minutes:

The Committee received a report of the City Surveyor.

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

17.

Investment Performance Monitoring Reports

Minutes:

17a

Performance Monitoring to 31 May 2020: Pension Fund

Report of the Chamberlain

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

Minutes:

The Committee received a report of the Chamberlain.

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

17b

Performance Monitoring to 31 May 2020: City's Cash and Bridge House Estates

Report of the Chamberlain

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

Minutes:

The Committee received a report of the Chamberlain.

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

18.

Update of the Social Investment Board

Report of the CGO

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

Minutes:

The Committee received a report of the CGO.

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

19.

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 19.

20.

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 20.