Agenda item

Joint Report of the City Surveyor and the Town Clerk.

The Committee considered a joint report of the City Surveyor and the Town Clerk concerning investment property transaction thresholds in the Standing Orders.

RESOLVED: That Members:

1.     Note the procedure for approving investment property transactions as set out at paragraph 5 and 2

2.     Recommend the following to the Court of Common Council:

·      Amend the thresholds for investment property transactions in Standing Orders as set out at paragraphs 3 to 5 and in Appendix 1.

·      Authorise the Town Clerk to make the necessary amendment to the Scheme of Delegation to Officers to give effect to these changed thresholds.