Pine Ridge, West Hill, St. Helier: Transfer from Property Holdings to Housing Department

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A decision made 18 June 2012:

Decision Reference: MD-PH-2012-0057

Decision Summary Title :

DS – Pine Ridge, West Hill, St Helier – Transfer from Jersey Property Holdings to the Housing Department

Date of Decision Summary:

11 June 2012

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 :

WR - Pine Ridge, West Hill, St Helier – Transfer from Jersey Property Holdings to the Housing Department

PBA 1721-01-001

Date of Written Report:

11 June 2012

Written Report Author:

Principal Property Manager

Written Report :

Public or Exempt?

Public, including the plan

Subject: Pine Ridge, West Hill, St Helier – Transfer from Jersey Property Holdings to the Housing Department PBA 1721-01-001

Decision(s):

The Minister agreed to the transfer of Pine Ridge, West Hill, St Helier from Jersey Property Holdings to the Housing Department and approved the transfer, in perpetuity, of the respective income, expenditure and depreciation budgets relating to the property with effect from 01 July 2012.

Reason(s) for Decision:

The property is serving no Public purpose and its disposal on the open market is not considered to be the preferred option. It is capable of being converted to provide for social housing use.

Resource Implications:

The anticipated capital receipt from disposal will not now be realised. The asset and associated budgets will be transferred between departments.

Action required:

Treasury and Resources to arrange for the asset and any associated budgets to be transferred from Jersey Property Holdings to the Housing Department’s balance sheet.

Signature:

Position:

Deputy E J Noel*

Assistant Minister for Treasury & Resources

Date Signed:

Date of Decision (If different from Date Signed):

MD-PH-2012-0057