Agenda and minutes

RESOLVED that, subject to the amendment of Minute 32 (d) to read “once legal agreements have been prepared for all the matters referred to above”, the Open and Exempt Minutes of the meetings held on 2 September 2009 and 18 September 2009 are correctly recorded and that they be signed by the Chairman.

RESOLVED that the report be noted.

RESOLVED that:-

(a)               the report be noted; and

(b)               the sum of £11,650.80 be written off in respect of the loss due to the fraud described in paragraphs 33 to 37 of the report.

RESOLVED to:-

(a)               agree the admission to the Kent County Council Pension Fund of  Avante Partnership Ltd; and Turner Contemporary;

(b)               agree that a deed can be entered into in respect of the change of name from Norwest Holst to Vinci Construction UK Ltd;

(c)               in respect of the matters set out in (a) to (b) above agree that once legal agreements or deeds have been prepared for these matter, the Kent County Council seal can be affixed to the legal documents; and

(d)       note the action taken in paragraphs 12 to 15 of the report in respect of Orchard Theatre Dartford Limited.

The Committee noted the following dates of future meetings:-

Friday, 5 March 2010;

Friday, 18 June 2010;

Friday, 10 September 2010; and

Friday, 19 November 2010.

(Mr N Morecroft and Mrs L Dewar were in attendance for this item)

RESOLVED that the report be noted.

(Mr A Hene and Mr N Burgoyne were in attendance for this item)

RESOLVED that the report be noted.

(Mr P O’Gorman and Mr C Saunders were in attendance for this item)

(1)             The Committee received a presentation from DTZ on a proposal for property investing. 

(2)             RESOLVED that the proposal from DTZ be agreed subject to a 3 year break clause and the agreement of a benchmark with the fee structure to be agreed by the Director of Finance in consultation with the Chairman and Vice-Chairman.

The Committee agreed to defer this item to the next meeting.

RESOLVED to:-

(a)               receive a presentation on stock lending at the next meeting; and

(b)               note the position on cash; cash allocation; Treasury Management; Fixed Income Implementation; Alternative Investments; Impax Asset Management; and Henderson Secondary PFI set out in the report.