That (A) investment of £10m in each of the two selected property funds now detailed be approved;
(B) before final agreement to invest in actual funds, the Council will ensure that the most up to date legal advice about investment is considered; and
(C) at the time of investment, the Director of Finance and Support Services, in consultation with the Executive Member for Finance, is delegated the powers to sign off the specific terms of the investment as long as these are not significantly different from those terms outlined in this report.