Springfield Stadium, St. Helier: Registered Charge: Funding of 3G Football Pitch

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A decision made 24 October 2016:

Decision Reference: MD-PH-2016-0064
Decision Summary Title :	Springfield Stadium - Football Foundation Grant		Date of Decision Summary:	11 October 2016
Decision Summary Author:	Estates Surveyor		Decision Summary: Public or Exempt?	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title :	Springfield Stadium - Football Foundation Grant		Date of Written Report:	11 October 2016
Written Report Author:	Estates Surveyor		Written Report : Public or Exempt?	Public
Subject: Springfield Stadium - Football Foundation Grant SF1323-01-001
Decision(s): In accordance with Standing Order 168 (1) (cb) the Minister decided, as recommended by Jersey Property Holdings, to agree to the securing of a 21 year registered charge over the football pitch forming part of Springfield Stadium in respect of a grant by the Football Foundation to assist with the funding of the new 3G football pitch.
Reason(s) for Decision: It was a condition of Football Foundation that the £400,000 grant made to the States of Jersey (towards the project cost of £1,016,298) be subject to a 21 year charge secured over the relevant part of property in favour of the Foundation.
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: Under Standing Order 168 (5) the Minister hereby authorised the Attorney General and the Law Officers’ Department to formalise the necessary documentation on behalf of the Public.
Signature:		Position: Deputy E J Noel Minister for Infrastructure
Date Signed:		Date of Decision (If different from Date Signed):