Agenda and draft minutes

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

Apologies were received from Councillor Gale, with Councillor Beecher in attendance as his substitute.

To confirm as a correct record the minutes of the meeting held on 16^th September 2024.

The minutes of the meeting held on 16 September 2024 were agreed as a correct record.

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

There were none.

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

Councillor Nichols queried when the End of Project reports would be presented to the Sub-Committee and were advised that they would be at the December meeting.

The Sub-Committee resolved to note the forward plan for future committee business.

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 finalising acceptable contract terms.

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

There was one urgent action for the Sub-Committee to consider. The Sub-Committee were informed of a potential lease at 3 Roundwood Avenue.

Councillor Williams arrived at 13:42

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

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

The Sub-Committee received updates on the commercial portfolio from the Commercial Asset Managers.

The Sub-Committee resolved to note the updates.

To consider a report on the draft exit strategy for each investment asset.

The Sub-Committee considered draft exit strategies for four properties in the Asset Portfolio.

The Sub-Committee resolved to approve the form and detail of the Exit Strategy for each investment asset.

Meeting ended at 14:59