Apartment 12, Block D, Les Quennevais Park, St. Brelade: Transfer of flying freehold and cancellation of lease

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A decision made 14 July 2014:

Decision Reference: MD-PH-2014-0118
Decision Summary Title :	Apartment N° 12, Block D les Quennevais Park – Transfer of the Public’s Flying-Freehold Ownership and Cancellation of Existing 99 Year Lease		Date of Decision Summary:	14 July 2014
Decision Summary Author:	Principal Property Manager		Decision Summary: Public or Exempt?	Public
Type of Report: Oral or Written?	N/A		Person Giving Oral Report:	N/A
Written Report Title :	N/A		Date of Written Report:	N/A
Written Report Author:	N/A		Written Report : Public or Exempt?	N/A
Subject: Apartment N° 12, Block D les Quennevais Park – Transfer of the Public’s Flying-Freehold Ownership and Cancellation of Existing 99 Year Lease PBA 2066-01-012
Decision(s): With reference to the previous decision MD-PH-2014-0105 plus associated documentation and the expiry of 15 working days’ notice to the States of that decision, the Minister approved, as recommended by Jersey Property Holdings: The cancellation of the existing 99-year lease for apartment D12 Quennevais Park The transfer the Public’s flying-freehold interest in the apartment to the present leaseholder for an agreed consideration, plus reasonable costs incurred, in accordance with the approved policy (under MD-PH-2012-0124), and the independent valuation arranged by JPH.
Reason for Decision: Under Standing Order 168 (1) (a) the Minister hereby notified the States that he had accepted the recommendation of Jersey Property Holdings to agree to the above land transaction.
Resource Implications: The financial implications of this decision are detailed in the report accompanying MD-PH-2014-0105. There are no manpower implications in respect of this decision. When the transaction is concluded the States asset balance sheet will be amended to account for the transaction.
Action required: Under Standing Order 168 (5) the Minister hereby authorised the Attorney General and the Greffier to pass any contract which is required to be passed on behalf of the Public and to copy this decision to the Assistant Minister, Treasurer and Head of Decision Support.
Signature:		Position: Deputy E J Noel * Assistant Minister for Treasury & Resources
Date Signed:		Date of Decision: