29 St. James Street: Transfer from Housing to Jersey Property Holdings

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A decision made 27 January 2012:

Decision Reference: MD-H-2012-0007
Decision Summary Title :	DS – Transfer of 29 James Street from Housing to Jersey Property Holdings		Date of Decision Summary:	23rd January 2012
Decision Summary Author:	Asset Management Officer		Decision Summary: Public or Exempt? (State clauses from Code of Practice booklet)	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title :	WR - Transfer of 29 James Street from Housing to Jersey Property Holdings		Date of Written Report:	23rd January 2012
Written Report Author:	Asset Management Officer		Written Report : Public or Exempt? (State clauses from Code of Practice booklet)	Public
Subject: Transfer of 29 James Street from Housing to Jersey Property Holdings.
Decision(s): The Minister agreed to the transfer of 29 St James Street from the balance sheet of the Housing Department to that of Jersey Property Holdings with effect from 1st February 2012.
Reason(s) for Decision: The transfer reflects the appropriate accounting treatment for the property in the States of Jersey accounts on the basis that the site no longer meets the requirements for social housing.
Resource Implications: Financial: There are no budgets or resource implications and no impact on either Jersey Property Holdings or Housing’s near cash revenue account on transfer.
Action required: Treasury & Resources to arrange for the asset and any associated budgets to be transferred from the Housing Department to the Jersey Property Holdings area of the States balance sheet.
Signature:		Position: HOUSING MINISTER
Date Signed:		Date of Decision (If different from Date Signed):

29 St. James Street: Transfer from Housing to Property Services

DATE OF REPORT: - 23rd January 2012

REPORT TO THE HOUSING MINISTER

TRANSFER OF 29 ST JAMES STREET FROM

HOUSING TO JERSEY PROPERTY HOLDINGS

Purpose of Report

To seek the approval of the Minister to transfer 29 St James Street (formerly occupied by The Shelter Trust) from the balance sheet of the Housing Department to that of Jersey Property Holdings (JPH).

Background

On the 27th August 2010, the Minister for Housing approved the transfer of 29 James Street and a number of other properties providing a broadly social housing function and their associated budgets onto the balance sheet of the Housing Department from that of Jersey Property Holdings (MD-H-2010-0074 refers.); at that time 29 St James Street was occupied by The Shelter Trust.

In its day, the St James Street Hostel at 29 St James Street was capable of accommodating up to 20 clients and sat within Shelter’s operating structure at something of a halfway point between the Emergency Shelter at Kensington Place and the almost independent living provided at 19 Midvale Road.

However; as a result of its awkward layout and a decline in its physical condition, due to a lack of routine and programmed maintenance it could barely accommodate 14 clients, before it was finally recognised as being ‘unfit for purpose’.

In 2011, the facility was re-located to 80 St Mark’s Road which is a more suitable building for the services provided by the former St James Street Shelter; because it is fully compliant with fire safety regulations and will offer a significant enhancement of existing standards, accommodation is being provided for 5 more persons than were accommodated at 29 St James Street.

It is evident that 29 James Street is now economically obsolescent and is no longer providing a social housing function for the Island; it should be removed from the Housing Department balance sheet and transferred to that of JPH.

Resource Implications

There are no budgets or resource implications and no impact on either JPH or Housing’s near cash revenue account on transfer.

Recommendations

That the Minister agree to the transfer of 29 St James Street from the balance sheet of the Housing Department to that of Jersey Property Holdings with effect from 1st February 2012.

Report Prepared By:- ………………………….... Date:

David Reid

ASSET MANAGEMENT OFFICER

Report Checked By:- ………….……………….... Date:

John Hamon

FINANCE DIRECTOR

Report Approved By:- ………….……………….... Date: Carl Mavity

DIRECTOR OF STRATEGIC DEVELOPMENT