Agenda and minutes
Investment Committee
Tuesday 13 February 2018 10.00 am

Venue: LLDC meeting rooms 1 and 2, Level 10, 1 Stratford Place, Montfichet Road, London, E20 1EJ

Contact: Rachel Massey, LLDC, Level 10, 1 Stratford Place, Montfichet Road, London E20 1EJ, Tel: 020 3288 1829, Email:  [email protected] 

Items
No. Item

1.

Apologies for absence

Minutes:

1.1  There were no apologies for absence.

 

2.

Declarations of interest

Members are reminded that any interests in a matter under discussion must be declared at the start of the meeting, or at the commencement of the item of business.

Minutes:

2.1  The Chairman noted that Members had declared registrable interests in line with the relevant Standing Orders and asked Members to confirm if they had any interests or additional interests to be declared related to matters listed on the agenda other than those already made and included in the register.

 

2.2  There were no additional declarations of interest.

3.

Minutes of the previous meeting held on 16 January 2018 pdf icon PDF 230 KB

The Committee is asked to agree the minutes of the meeting held on 16 January 2018.  

Minutes:

3.1  It was agreed that the minutes of the meeting of the Investment Committee held on 16 January 2018 be signed by the Chairman as a correct record.

4.

Matters arising and actions list pdf icon PDF 18 KB

The Committee is asked to note the actions arising from previous meetings.

Minutes:

4.1  The Committee noted that two items, the forward plan of items for submission to future meetings and LLDC venue charges, had been scheduled for this meeting and were deferred until March 2018. 

 

4.2  The Committee noted the Actions List.

5.

Management Accounts pdf icon PDF 547 KB

The Committee is asked to note the report on Management Accounts for the period to 31 December 2017.

Minutes:

5.1  Richard Irish presented the Legacy Corporation’s Management Accounts for the year to 31 December 2017.

 

5.2  The Committee noted the year to date financial position of the Legacy Corporation as at 31 December 2017 and the forecast for the financial year ending 31 March 2018, as reported in the December 2017 Management Accounts.

 

6.

Key projects commercial report pdf icon PDF 142 KB

The Committee is asked to note the report.

Minutes:

6.1

Ian Bright presented an update on the implementation of the Corporation’s Commercial Strategy.

 

6.2

The Committee noted the report.

 

7.

Culture and Education District update pdf icon PDF 144 KB

The Committee is asked to note the report which provides an update on the Culture and Education District.

Minutes:

7.1

The Committee considered an update on the Culture and Education District (CED) project and the Full Business Case for submission to Government in March 2018.

 

7.2

The Committee noted the report.

 

8.

Culture and Education District - Stratford Waterfront procurement strategy pdf icon PDF 214 KB

The Committee is asked to note the report which provides an update on the procurement strategy for the Stratford Waterfront element of the Culture and Education District.

Minutes:

8.1

The Committee considered an update on the Stratford Waterfront procurement strategy.

 

8.2

The Committee noted the report.

 

 

9.

Culture and Education District - Resourcing for the Stratford Waterfront procurement strategy pdf icon PDF 213 KB

The Committee is asked to note the report which provides an update on the resourcing for the procurement strategy for the Stratford Waterfront element of the Culture and Education District.

Minutes:

9.1

The Committee considered an update on the resourcing for the Stratford Waterfront procurement strategy as part of the CED project.

 

9.2

The Committee noted the report.

 

10.

Any other business the Chairman considers urgent

The Chairman will state the reason for urgency of any item taken.

Minutes:

10.1  There was no urgent business.

11.

Date of next meeting

The next meeting of the Investment Committee is due to be held in March 2018 on a date to be confirmed.

Minutes:

11.1   The Committee noted that the next meeting was due to be held on 8 March 2018 at 9am.

12.

Member suggestions for future agenda discussions

The Committee is asked to raise any suggestions for future agenda items.

 

Minutes:

12.1

The Committee noted that there were no new suggestions.

 

13.

Exclusion of the press and public

The Committee is recommended to agree to exclude the public and press from the meeting, in accordance with Part 1, paragraphs 1& 3 Schedule 12A of the Local Government Act 1972 (as amended), in order to consider the following items of business.

Minutes:

13.1  It was agreed that the public and press be excluded from the meeting, in accordance with Part 1, paragraphs 1 & 3 of Schedule 12A to the Local Government Act 1972 (as amended), in order to consider the exempt papers. Each of these papers contained information relating to the financial or business affairs of a person or authority.

14.

Minutes of the previous meeting held on 16 January 2018 that contain exempt information

The Committee is asked to agree the minutes of the meeting held on 16 January 2018 that contain exempt information.

Minutes:

14.1  It was agreed that the minutes of the meeting of the Investment Committee held on 16 January 2018 containing exempt information be signed by the Chairman as a correct record.

15.

Matters arising and actions list

The Committee is asked to note the actions arising from previous meetings.

Minutes:

15.1

The Committee noted the actions list.

 

16.

Key projects commercial report - Exempt information relating to the item on Part 1

The Committee is asked to note the appendix which contains exempt information.

Minutes:

16.1

The Committee considered the commercial report on key projects containing exempt information.

 

16.2

The Committee noted the report.

 

17.

Culture and Education District - update - Exempt information relating to the item on Part 1

The Committee is asked to note the report containing exempt information relating to the Culture and Education District.

Minutes:

17.1

The Committee considered an update on the Cultural and Educational District project containing exempt information. 

 

17.2

The Committee noted the report.

 

18.

Culture and Education District - Stratford Waterfront procurement strategy - Exempt information relating to the item on Part 1

The Committee is asked to agree the recommendations in the report containing exempt information relating to the procurement strategy for the Stratford Waterfront element of the Culture and Education District.

Minutes:

18.1

The Committee considered a report containing exempt information relating to the Stratford Waterfront Procurement Strategy.

 

18.2

The Committee agreed the recommendations in the report subject to the follow up action set out in the part 2 minutes.

 

19.

Culture and Education District - Resourcing for the Stratford Waterfront procurement strategy - Exempt information relating to the item on Part 1

The Committee is asked to agree the recommendations in the report containing exempt information relating to the resourcing for the procurement strategy for the Stratford Waterfront element of the Culture and Education District.

Minutes:

19.1

The Committee considered a report regarding the resource plans for the Legacy Corporation as the construction client and the Mace team to manage the delivery of the CED construction works, containing exempt information.

 

19.2

The Committee noted the report and agreed the recommendations as set out in the part 2 minutes.

 

20.

Close of Meeting

Minutes:

The meeting ended at 12.05pm.