Agenda item

Report of the Town Clerk.

Members received the terms of reference for the City Bridge Trust Committee.

RESOLVED – That the terms of reference for the City Bridge Trust Committee be approved, subject to the following amendments as a result of subsequent legal advice:

Under 4(a), the addition of the following wording:

For other charitable purposes for the general benefit of the inhabitants of Greater London;

other than grants above a sum of £500,000 which decisions are reserved to the Court of Common Council upon this Committee’s recommendation.  

Under 4(b) (iii), the addition of the following footnote:

The City of London Corporation, acting through the Court of Common Council, is the sole Trustee of Bridge House Estates (‘the Trustee’).