Release of area of Field 762, St. Ouen from the security held by the States of Jersey.

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A decision made (16/10/2008) regarding: Release of area of Field 762, St. Ouen from the security held by the States of Jersey.

Decision Reference: MD-E-2008-0208
Decision Summary Title :	Release of area of field 762 St Ouen from the security held by the States of Jersey		Date of Decision Summary:	14 October 2008
Decision Summary Author:	Julia Elvidge Senior Administrator Rural Economy		Decision Summary: Public or Exempt? (If 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:	Release of area of field 762 St Ouen from the security held by the States of Jersey		Date of Written Report:	6 October 2008
Written Report Author:	Julia Elvidge Senior Administrator Rural Economy		Written Report : Public or Exempt? (If Exempt State clauses from Code of Practice booklet)	Exempt 3.2.1 (a)(i)
Subject: Agricultural Loans: Release of area of field 762 St Ouen from the security held by the States of Jersey.
Decision(s): The Assistant Minister agreed to release the charge on an area of field 762 St Ouen measuring approximately 9.45 square metres held by the States of Jersey. The Assistant Minister authorised the Attorney General and/or Greffier of the States to attend in the Royal Court to pass the relevant contract on behalf of the States of Jersey in order to give effect to this decision.
Reason(s) for decision: The States of Jersey have a general charge on all property owned by the landowner. With the release of this area of field the value of the remaining security exceeds the outstanding balance of the loan. Full details of this release of land can be found in the accompanying report.
Resource Implications: None.
Action required: Director of Environment to notify Lee Howard, Law Officers Department that the States will release the security of the area of field 762 St Ouen as requested.
Signature: Connetable G.W.Fisher		Position: Assistant Minister
Date Signed:		Date of Decision: