LC09, JE plc Power Station Site, La Collette, St. Helier: Lease Rent Review

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A decision made on 28 May 2020

Decision Reference: MD-PH-2020-0016
Decision Summary Title :	LC09 (JE plc Power Station Site), La Collette, St Helier – Lease Rent Review		Date of Decision Summary:	27 May 2020
Decision Summary Author:	Principal Property Manager		Decision Summary: Public or Exempt?	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title :	LC09 (JE plc Power Station Site), La Collette, St Helier – Lease Rent Review		Date of Written Report:	27 May 2020
Written Report Author:	Principal Property Manager		Written Report : Public or Exempt?	Exempt: QE Article 33(b) and QE Article 34(b)
Subject: LC09 (JE plc Power Station Site), La Collette, St Helier – Lease Rent Review PBA 1662-01-001
Decision(s): The Minister decided, as recommended by Jersey Property Holdings, to instigate a review of the rental payable under the lease of LC09, as provided for under clause 22.
Reason(s) for Decision: Clause 22 of the lease of LC09 provides for the Lessee’s right to extend the lease-term by successive periods of ten years, and for the Lessor’s right to increase the rental upon each renewal.
Resource Implications: The financial implications of this decision are detailed in the accompanying report. There are no manpower implications in respect of this decision.
Action required: The Minister hereby authorised the Director of Jersey Property Holdings to take the necessary action.
Signature:		Position: Deputy K Lewis Minister for Infrastructure
Date Signed:		Date of Decision (If different from Date Signed):