Issue - meetings
PROPERTY PORTFOLIO RENT ARREARS AND WRITE OFFS
Meeting: 29/03/2021 - Pensions Committee (Item 51)
51 PROPERTY PORTFOLIO RENT ARREARS AND WRITE OFFS PDF 72 KB
Additional documents:
Minutes:
The Head of Finance and Risk, Donna Smith, presented a report that requested that Members agree to the write off of £592,846.07 of unrecoverable rent arrears from the Fund’s property portfolio. The annual property rental income for 2019/20 was £30.9 million.
Appendix 1 to the report, (A report from CBRE detailing property rent arrears), contained exempt information. This was by virtue of paragraph(s) 3 of Part 1 of Schedule 12A of the Local Government Act 1972, i.e. Information relating to the financial or business affairs of any particular person (including the authority holding that information).
Resolved – That the write-off of uncollectable property rental income of £592,846.07 be approved.