L'Avenue de la Commune, St Peter (L61): Lease of Land to Interlock Investments Ltd

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A decision made on 19 October 2012:

Decision Reference: MD-E-2012-0122
Decision Summary Title :	DS-Lease of land (L61) to Interlock Investments Ltd		Date of Decision Summary:	27 July 2012
Decision Summary Author:	Head of Property		Decision Summary: Public or Exempt? (State clauses from Code of Practice booklet)	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:
Written Report Title :	WR-Lease of land (L61) to Interlock Investments Ltd		Date of Written Report:	27 July 2012
Written Report Author:	Head of Property		Written Report : Public or Exempt? (State clauses from Code of Practice booklet)	Exempt Clause refs. 3.2.1(a)(i)
Subject: Lease of land (L61) L’Avenue de la Commune St Peter to Interlock Investments Ltd.
Decision(s): The Minister approved the letting of land (L61) L’Avenue de la Commune St Peter to Interlock Investments Ltd until the 31 December 2017 on the same terms and conditions and termination date, as their existing lease for adjacent land. Requested the Minister for Treasury & Resources approves this land transaction in accordance with Standing Order 168.
Reason(s) for Decision: Under Standing Order 168(2)(a)&(b) the Minister is required to seek the approval of the Minister for Treasury & Resources for recommendations to dispose, acquire, let or rent land on behalf of the Public. in accordance with Standing order 168 (3) the Minister for Treasury & Resources must at least 15 working days before any binding contract is entered into, present to the States a document setting out the recommendation which he or she has accepted.
Resource Implications: The financial implications of this decision are detailed in the accompanying report. There are no manpower implications in respect of this decision.
Action required: In accordance with standing Order 168 (2)(b) this decision must be presented to the Minister for Treasury & Resources for approval. Once the approvals of the Minister for Treasury & Resources has been obtained, Ports of Jersey to pass the necessary contract and copy this decision to Jersey Property Holdings.
Signature:		Position: Assistant Minister – Economic Development
Date Signed:		Date of Decision (If different from Date Signed):