Transportation Centre, The Esplanade, St. Helier: Proposed Transfer Back of the Premises from States of Jersey Development Company to the Public

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Decision Reference: MD-PH-2020-0017
Decision Summary Title :	The Transportation Centre, The Esplanade, St Helier – Proposed ‘Transfer Back’ of the Premises from SoJDC to the Public.		Date of Decision Summary:	28 May 2020
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 :	The Transportation Centre, The Esplanade, St Helier – Proposed ‘Transfer Back’ of the Premises from SoJDC to the Public.		Date of Written Report:	28 May 2020
Written Report Author:	Principal Property Manager		Written Report : Public or Exempt?	Exempt: QE Article 33(b) and QE Article 34(b)
Subject: The Transportation Centre, The Esplanade, St Helier – Proposed ‘Transfer Back’ of the Premises from SoJDC to the Public. PBA 2024-01-001
Decision(s): In accordance with Standing Order 168 (1) (a) the Minister agreed, as recommended by Jersey Property Holdings, for the Public to participate in a long lease-back of The Transportation Centre from SoJDC by way of a ‘transfer back’ of the asset in accordance with P.73/2010.
Reason(s) for Decision: The asset comprising The Transportation Centre was procured by SoJDC through a development agreement and sub-lease with a development company. The States approved the principle of returning completed SoJDC assets back to the Public under P.73/2010. This is achieved at The Transportation Centre by a long lease-back.
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.
Action required: 1. 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 before Court or concluded. After the expiry of 15 working days following presentation to the States the transaction may be concluded. 2. The Minister hereby authorised, as applicable: a. under Standing Order 168 (5) the Attorney General and the Greffier to pass any contract which is required to be passed on behalf of the Public b. the Director of Jersey Property Holdings to conclude any contract which is required to be concluded on behalf of the Public.
Signature:		Position: Deputy K Lewis Minister for Infrastructure
Date Signed:		Date of Decision (If different from Date Signed):