N02, New North Quay, St. Helier: Lease

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A decision made 20 November 2012:

Decision Reference: MD-PH-2012-0113
Decision Summary Title :	DS – Ferryspeed N02 variation of lease		Date of Decision Summary:	01/11/2012
Decision Summary Author:	Estates & Building Surveyor		Decision Summary: Public or Exempt?	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title :	WR - Ferryspeed N02 variation of lease		Date of Written Report:	17/10/2012
Written Report Author:	Head of Property –Ports of Jersey		Written Report : Public or Exempt?	Exempt Clause refs. 3.2.1(a)(i)
Subject: N02 new North Quay St Helier – Variation of lease (AF 1664-01-001)
Decision(s): 1. The Minister decided, as recommended by Jersey Property Holdings, to accept the recommendation of the Minister for Economic Development MD-E-2012-0135 and to notify the States of his intention to approve the following: i) Vary the clause 2 to bring forward the termination date to 31/03/2013 and ii) delete clause 18 b. to confirm the above decision after giving the States 15 working days’ notice of the transaction, and to cause the transaction to be completed.
Reason(s) for Decision: 1. Under Standing Order 168 (1) (a) and 168 (2) (a) and (b) the Minister hereby accepts the recommendation of a body established by the States to manage land and buildings owned by the Public of Jersey and hereby notifies the States that he has accepted the recommendation of Jersey Property Holdings to agree to the above land transaction. 2. 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.
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: 1. In accordance with Standing Order 168 (3) this decision must be presented to the States at least 15 working days before the contract is passed. After the expiry of 15 working days following presentation to the States the transaction may be concluded.
Signature:		Position: Deputy E J Noel * Assistant Minister for Treasury & Resources
Date Signed:		Date of Decision (If different from Date Signed):