Fields 516, 517 & 518, La Rue de Patier, St. Saviour: Acquisition: Life-Long Homes

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A decision made 17 January 2013:

Decision Reference: MD-PH-2013-0002
Decision Summary Title:	Acquisition of ‘Life-Long’ Homes on Fields 516,517 & 518, La Rue de Patier, St Saviour		Date of Decision Summary:	2 January 2013
Decision Summary Author:	Acting Director JPH		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: Acquisition into States social housing stock of 48 apartments and the acquisition and onward disposal to the Parish of St Saviour of 32 bungalows on Fields 516, 517 & 518, La Rue de Patier, St Saviour. (50/P/97)
Decision(s): With reference to the previous decision MD-PH-2012-0129 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 acquisition of the 80 social rented homes and associated land and common parts in accordance with Heads of Terms as set out in the report accompanying MD-PH-2012-0129 for a total sum of £8,000,000. On practical completion, the 32 bungalows to be resold to the Parish of St Saviour for a total sum of £370,000 plus any accrued fees incurred by the Public associated with the supervision of development.
Reason(s) 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-2012-0129. There are no manpower implications in respect of this decision.
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: Senator P F C Ozouf, Minister for Treasury and Resources
Date Signed:		Date of Decision: