31 Kensington Place, St Helier: Proposed sale

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A decision made on 27 April 2015:

Decision Reference: MD-PH-2015-0033

Decision Summary Title :

31 Kensington Place, St Helier – Proposed Sale

Date of Decision Summary:

17 April 2015

Decision Summary Author:

Principal Property Manager

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title :

31 Kensington Place, St Helier – Proposed Sale

Date of Written Report:

17 April 2015

Written Report Author:

Principal Property Manager

Written Report :

Public or Exempt?

Exempt:

QE Article 33(b) and QE Article 34(b)

SD - Public

Subject: 31 Kensington Place, St Helier – Proposed Sale

PBA 0034-01-001 (F34L and F34B)

Decision(s):

1. The Minister decided, as recommended by Jersey Property Holdings, to notify the States of his intention to:

rescind previous decisions MD-PH-2014-0066 (dated 29 April 2014) and 0082 (dated 23 July 2014), which decisions covered the sale of 31 Kensington Place.

agree the sale of the same property to the same buyer, but on slighted amended terms, as set-out in the accompanying report.

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:

Under Standing Order 168 (1) (a) the Minister is obliged to notify the States that he has 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 accompanying report.

There are no manpower implications in respect of this decision.

When the transaction is concluded the fixed asset register and States balance sheet will be amended to account for the transaction (F34L and F34B).

Action required:

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):