Le Coin Site, Charles Street: Approval of Transfer from Jersey Property Holdings to Housing

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A decision made on 22 August 2012:

Decision Reference: MD-H-2012-0080

Decision Summary Title :

DS – Approval of the transfer of Le Coin Site, Charles St, St Helier from Jersey Property Holdings to Housing Department .

Date of Decision Summary:

22nd Aug 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- Approval of the transfer of Le Coin Site, Charles St, St Helier from Jersey Property Holdings to Housing Department.

Date of Written Report:

22nd Aug 2012

Written Report Author:

Asset Management Officer

Written Report :

Public or Exempt?

(State clauses from Code of Practice booklet)

Exempt – Clause 3.2.1(a)(x)

Subject: Transfer of Le Coin Site, Charles St, St Helier, from Jersey Property Holdings to Housing Department.

Decision(s):

The Minister;

Approved the transfer of the Le Coin Site, St Helier from Jersey Property Holdings to Housing Deprtment.

Reason(s) for Decision: The transfer reflects the appropriate accounting treatment for the property, based on the expectation that it will be developed by the Housing Department as social housing.

Resource Implications: The transfer between two entities within the States has no impact on either Housing or Jersey Property Holding’s near cash revenue account on transfer and Jersey Property Holdings will continue to receive the rental payment from Transport Technical Services until April.

The Medium Term Financial Plan does not anticipate a receipt from the disposal of this site.

Action required: Housing Department to arrange for the asset and any associated budgets to be transferred from Jersey Property Holdings to the Housing Department area of the States balance sheet.

Signature:

Position:

HOUSING MINISTER

Date Signed:

Date of Decision (If different from Date Signed):