TREASURY AND RESOURCES DEPARTMENT
JERSEY PROPERTY HOLDINGS
Property Transaction for Ministerial Decision - Minister for Treasury and Resources
GSM Site, La Rue des Pres, St Saviour – Rescindment of MD-PH-2008-0012 and the creation of a new lease to Jersey Telecom Limited
MD-PH-2008-0012 referred to the agreement of terms between the Public and Jersey Telecoms Ltd in respect of a proposed 21 year lease for a GSM site at Rue des Pres, St Saviour. Unfortunately, the original report had two errors in it, referring to the site being in St Helier, and substituting Jersey Telecom Ltd with the Jersey Electricity Company.
In order to allow the lease to be finalised, it is necessary to rescind the original decision and replace it with a correctly worded version.
Terms and conditions have been agreed between Jersey Telecom Limited and the Public of the Island in relation to a new (ground) lease of an area of land for the purpose of erecting a GSM site on La Rue Sinnatt, La Rue des Pres in the Parish of St Saviour (totalling 100 sq ft) for a term of 21 years commencing 01st January 2006.
The GSM site shall comprise 3 antenna and 1 equipment cabinet or such other installations as may be approved by the Planning and Environment Department and Property Holdings from time to time.
The commencing rental (as at the commencement of the lease in January 2006) has been agreed at £4,000 per annum which sum reflects the Market Rental Value of the site. The annual rental will be reviewed every three years in line with the Market Rental Value of comparable sites.
Jersey Telecom Limited will ensure that all equipment installed upon the demised premises complies with ICNIRP guidelines. If at any time it is found that the equipment installed upon the demised premises does not comply with ICNIRP guidelines then the equipment will be switched off until Jersey Telecom Limited can prove that all equipment so complies.
Jersey Telecom Limited will insure the let area and all equipment constructed thereon (to include Public Liability Indemnity cover) to a minimum of £5,000,000.
Jersey Telecom Limited will meet the reasonable legal fees of the Public in relation to this transaction and also the Public’s professional fees in the sum of £500.00.
Written by: Asset Manager
Signature …………………………………………….
Authorised by: Director/Assistant Director of Jersey Property Holdings
Signature …………………………………………….. 28 June 2010