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Information and public services for the Island of Jersey

L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

Christian Together Jersey Houseing Trust - Refinancing

A formal published “Ministerial Decision” is required as a record of the decision of a Minister (or an Assistant Minister where they have delegated authority) as they exercise their responsibilities and powers.

Ministers are elected by the States Assembly and have legal responsibilities and powers as “corporation sole” under the States of Jersey Law 2005 by virtue of their office and in their areas of responsibility, including entering into agreements, and under any legislation conferring on them powers.

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  • demonstrating that good governance, and clear lines of accountability and authority, are in place around decisions-making – including the reasons and basis on which a decision is made, and the action required to implement a decision

  • providing a record of decisions and actions that will be available for examination by States Members, and Panels and Committees of the States Assembly; the public, organisations, and the media; and as a historical record and point of reference for the conduct of public affairs

Ministers are individually accountable to the States Assembly, including for the actions of the departments and agencies which discharge their responsibilities.

The Freedom of Information Law (Jersey) Law 2011 is used as a guide when determining what information is be published. While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.

A decision made on 14 December 2018

Decision Reference:  

Decision Summary Title :

CTJ Housing Trust - Refinancing - Proposed Participation by the Public in a Contract of Arrangement and Side Agreement

Date of Decision Summary:

12 December 2018

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 :

CTJ Housing Trust – Refinancing - Proposed participation by the Public in a Contract of Arrangement and Side Agreement

Date of Written Report:

12 December 2018

Written Report Author:

Principal Property Manager

Written Report :

Public or Exempt?

Exempt Clause refs. QE Article 33(b)

Subject:  CTJ Housing Trust - Refinancing - Proposed Participation by the Public in a Contract of Arrangement and Side Agreement

 PBA 0989-01-001

Decision(s):

In accordance with Standing Order 168 (1)(c) the Minister approved, as recommended by Jersey Property Holdings, the participation by the Public in a contract of Arrangement and Side Agreement (Creditor Agreement) to enable CTJ Housing Trust to restructure loans against its property portfolio as set out in the respective documents.

Reason(s) for Decision:

The proposals outlined in the accompanying report are not prejudicial to the Public.

Resource Implications:

  1.       The financial implications of this decision are detailed in the accompanying report.
  2.       There are no manpower implications in respect of this decision.

Action required:

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.

Signature:

 

 

Position:

Deputy K. Lewis

Minister for Infrastructure

Date Signed:

 

Date of Decision (If different from Date Signed):

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