Decision details

It is resolved that:

(A)       Council adopt the Investment Property Policy for the management of the City's Investment Property Portfolio as shown at Attachment A to the subject report, subject to the following amendment:

Insertion of a clause that reads: “Nothing in this policy limits the ability of the City of Sydney to own or invest in residential property or affordable housing”;

(B)       Council note the current Investment Property Portfolio List as contained at Attachment B to the subject report; and

(C)       authority be delegated to the Chief Executive Officer to make amendments to the Investment Property Policy to correct any minor drafting errors and finalise design, artwork and accessible formats for publication.

Amended motion carried unanimously.

S118279.015