175 Clos des Sables, St. Brelade: Flying Freehold Transfer and Cancellation of Lease

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A decision made 25 September 2013:

Decision Reference: MD-PH-2013-0158
Decision Summary Title :	Maisonette 175 Clos des Sables – Transfer of the Public’s Flying Freehold Ownership and Cancellation of Existing 99 Year Lease		Date of Decision Summary:	25 September 2013
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: Maisonette 175 Clos des Sables – Transfer of the Public’s Flying Freehold Ownership and Cancellation of Existing 99 Year Lease PBA 0916-01-005
Decision(s): With reference to the previous decision MD-PH-2013-0147 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 transfer of the Public’s flying freehold ownership of the above-mentioned maisonette in accordance with the approved policy (under MD-PH-2012-0124), and the independent valuation arranged by JPH, for an agreed consideration, plus reasonable costs incurred.
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-2013-0147. 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: