Agenda and minutes

To receive any apologies for non-attendance and details of Member substitutions.

Apologies were received from Councillor Gale and Councillor Williams. Councillor Beecher attended as substitute for Councillor Gale.

To confirm as a correct record the minutes of the meeting held on 01 July 2024.

The minutes of the meeting held on 01 July 2024 were agreed as a correct record.

To receive any disclosures of interest from members in accordance with the Members’ Code of Conduct.

Councillor Nichols advised that he was a Director of Knowle Green Estates Limited.

The Chair, or his nominee, to answer any questions raised by members of the public in accordance with Standing Order 40.

At the time of publication of this agenda no questions were received.

There were none.

To consider any urgent action that have arisen since last meeting.

There was one urgent item to discuss, due to its confidential nature this item was moved to the end of the agenda.

The Sub-Committee resolved to recommend that the Settlement of Dilapidations as set out in the report is progressed as an Urgent Action.

To note the Forward Plan for future Commercial Assets Sub-Committee business.

The Chair advised the Sub-Committee that he had requested a meeting with the Deputy Chief Executive and the Group Head – Assets to discuss the format and content for the standardised reports for the Sub-Committee

The Sub-Committee resolved to note the Forward Plan.

To move the exclusion of the Press/Public for the following items, in view of the likely disclosure of exempt information within the meaning of Part 1 of Schedule 12A to the Local Government Act 1972, as amended by the Local Government (Access to Information) Act 1985 and by the Local Government (Access to information) (Variation) Order 2006.

It was proposed by Councillor Beatty, seconded by Councillor Beecher and resolved to exclude the public and press for the following agenda items, in accordance with paragraph 3 of part 1 of Schedule 12A of the Local Government Act 1972 (as amended) because it was likely to disclose information relating to the financial or business affairs of any particular person (including the authority holding that information) and in all the circumstances of the case, the public interest in maintaining the exemption outweighs the public interest in disclosing the information because, disclosure to the public would prejudice the financial position of the authority in being able to undertake even-handed negotiations and finalizing acceptable contract terms.

To consider a report on the surrender and regrant of the lease to Ashford Football Club.

The Sub-Committee consider a report on the surrender and regrant of the lease for Ashford Football Ground.

The Sub-Committee resolved to agree the recommendations as set out in the report.

To consider a report on the proposed letting terms for the 13^th Floor of Thames Tower.

The Sub-Committee considered a report on a new letting for the 13^th Floor of Thames Tower.

The Sub-Committee resolved to agree the recommendations as set out in the report.

To receive an update on the rent collection, voids and arrears for the Commercial Portfolio.

The Sub-Committee received a verbal update on the rent collection, voids and arrears for the Commercial Portfolio.

The Sub-Committee resolved to note the update.

The meeting ended at 14:05