Proposed sale of 108 and 109a Clos des Sables, St. Brelade and 8, 20, 23, 26, 27, 29, 30, 31 and 43 Les Cloches, St. Clement

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A decision made (25.03.08) to accept the recommendations for the sale of 108 and 109a Clos des Sables, St. Brelade and 8, 20, 23, 26, 27, 29, 30, 31 and 43 Les Cloches, St. Clement.

Decision Reference: MD-PH-2008-0017
Decision Summary Title :	DS - Proposed Sale of 108 & 109a Clos Des Sables, St Brelade and 8, 20, 23, 26, 27, 29, 30, 31 & 43 Les Cloches, St Clement		Date of Decision Summary:	14.03.08
Decision Summary Author:	Paul Griffin Senior Valuer/Estates Surveyor		Decision Summary: Public or Exempt? (State clauses from Code of Practice booklet)	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title :	WR - Proposed Sale of 108 & 109a Clos Des Sables, St Brelade and 8, 20, 23, 26, 27, 29, 30, 31 & 43 Les Cloches, St Clement		Date of Written Report:	14.03.08
Written Report Author:	Paul Griffin Senior Valuer/Estates Surveyor		Written Report : Public or Exempt? (State clauses from Code of Practice booklet)	Public
Subject: 1978, 1979 and 1224 Proposed Sale of 108 & 109a Clos Des Sables, St Brelade and 8, 20, 23, 26, 27, 29, 30, 31 & 43 Les Cloches, St Clement
Decision(s): 1. The Minister accepted the recommendation of the Minister for Housing for the sale of; 1. Les Petits Poissons, 109a Clos des Sables, La Route Orange, St Brelade, JE3 8JH, with a first time buyer value of £360,000 to Mr Mark Fisher & Mrs Caroline Fisher (nee East) for the sum of £360,000; 2. 108 Clos des Sables, La Route Orange, St Brelade, JE3 8JH, with a first time buyer value of £355,000 to Mr Ian Nigel Harris & Mrs Suzanna Mary Harris (nee Murphy) for the sum of £266,250; 3. 8 Les Cloches, Le Squez Road, St Clement, JE2 6BG, with a first time buyer value of £310,000 to Mr Steven Gandy & Mrs Monica Carol Gandy (prev Marett) (nee Stamps) for the sum of £232,500; 4. 20 Les Cloches, Le Squez Road, St Clement, JE2 6BG, with a first time buyer value of £310,000 to Mr Michael Minier & Mrs Amanda Shirley Minier (nee Vetier) for the sum of £232,500; 5. 23 Les Cloches, Le Squez Road, St Clement, JE2 6BG, with a first time buyer value of £295,000 to Mrs Susan Burke (nee Medley) for the sum of £221,500; 6. 26 Les Cloches, Le Squez Road, St Clement, JE2 6BG, with a first time buyer value of £325,000 to Mr Simon Stone & Mrs Christina Blanche Stone (nee Power) for the sum of £243,750; 7. 27 Les Cloches, Le Squez Road, St Clement, ,JE2 6BG, with a first time buyer value of £325,000 to Mr Mark James Brockbank & Mrs Julie Mary Brockbank (nee Carlton) for the sum of £243,750; 8. 29 Les Cloches, Le Squez Road, St Clement, JE2 6BG, with a first time buyer value of £325,000 to Mr Gary Mourant & Mrs Janet Mourant (nee Holmes) for the sum of £243,750; 9. 30 Les Cloches, Le Squez Road, St Clement, JE2 6BG, with a first time buyer value of £330,000 to Mr Ryan Guillemot & Mrs Sarah Guillemot (nee Landsdale) for the sum of £247,500; 10. 31 Les Cloches, Le Squez Road, St Clement, JE2 6BG, with a first time buyer value of £350,000 to Mr Michael Brown & Mrs Ann Brown (nee Reid) for the sum of £262,500; 11. 43 Les Cloches, Le Squez Road, St Clement, JE2 6BG, with a first time buyer value of £330,000 to Miss Nicola Buckley & Mr Tim Horsfall for the sum of £247,500; All as previously approved by the States in the Housing Property Plan (P6.2007). 2. Under Standing Order 168 (5) the Minister hereby authorised the Attorney General and the Greffier to pass any contract which is required to be passed on behalf of the Public.
Reason(s) for Decision: Under Standing Order 168 (1) (a) and 168 (2) (a) & (b) the Minister accepts the recommendation of a body established by the States to manage land and buildings owned by the public of Jersey in respect of the disposal of land.
Resource Implications: The Housing Department will receive a capital receipt as identified above, whilst foregoing a rental in respect of the above property.
Action required: 1. The Director of Property Holdings is to instruct the Attorney General and the Greffier to pass the necessary contracts, and to copy this decision to the Chief Executive of the Housing Department, the Minister, Treasurer and Deputy Treasurer.
Signature: Deputy J A N Le Fondré		Position: (Assistant Minister)*
Date Signed:		Date of Decision (If different from Date Signed): MD-PH-2008-0017

Proposed sale of 108 and 109a Clos des Sables, St. Brelade and 8, 20, 23, 26, 27, 29, 30, 31 and 43 Les Cloches, St. Clement

TREASURY AND RESOURCES DEPARTMENT

PROPERTY HOLDINGS

Property Transaction for Ministerial Decision –

Minister for Treasury and Resources

Proposed Sale of 108 Clos Des Sables, St Brelade

109a Clos Des Sables, St Brelade

8 Les Cloches, St Clement

20 Les Cloches, St Clement

23 Les Cloches, St Clement

26 Les Cloches, St Clement

27 Les Cloches, St Clement

29 Les Cloches, St Clement

30 Les Cloches, St Clement

31 Les Cloches, St Clement

43 Les Cloches, St Clement

Purpose

To seek approval from the Minister for Treasury and Resources to allow the Public to sell the above properties to the first time buyers detailed below in accordance with the Social Housing Property Plan 2007 – 2016 (P.6/2007) and Housing Ministerial Decisions, (for ease of reference copies of the relevant Ministerial Decisions are attached at Appendix 2).

Background

On 17 July 2007 the States approved P.6/2007, the Social Housing Property Plan 2007 – 2016. Section 3.7.4 empowered the Housing Department to sell certain properties as detailed in Appendix D2 of P6.2007.

As noted in MD-PH-2007-0087, advice has previously been obtained from both the Comptroller and Auditor General and the Solicitor General on the principles underlying these disposals. They have confirmed that on the basis of the information provided to them on the specific sale in question, that the transaction was in accordance with the policy approved by the States Assembly under P.6/2007.

The disposals detailed in this report follow the same principles as the disposal documented in MD-PH-2007-0087, and it is therefore considered that the advice received continues to be applicable to these circumstances. MD-PH-2007-0087 incorporates extracts of P6/2007, including section 3.7.1 and Appendix D for ease of reference. It is therefore not considered necessary to reproduce those extracts in this report.

It is noted that purchasers have been offered varying levels of discount as detailed below. It should also be noted that the Minister for Housing can offer different discounts (anywhere between 0% and 25%) on any property sold under P.6/2007 which also states that “a buyer who could afford to pay the full price would be encouraged to do so…”. Accordingly these individual transactions do not set a precedent for any future transactions.

On 24 August 2007 the Minister for Housing adopted MD-H-207-0057 “Valuation Policy for sale of homes in accordance with the Property Plan”. All valuations, to be provided by a suitably qualified independent Chartered Surveyor and will be valid for a maximum of 89 days up to the passing of the sale contract through the Royal Court. If contracts are not passed the property will be revalued and the purchaser will be given the opportunity to purchase at the new value.

Given that these are some of the first properties to be considered under this scheme, time has been required to obtain advice on the matter. It is therefore considered, on these transactions, equitable not to require the price to be renegotiated due to the time delay not having been caused by the purchaser.

The properties are all sold with first time buyer conditions attached in perpetuity and have been valued in accordance with the Housing Ministers’ Valuation Policy as detailed in MD-H-2007-0057. It is also agreed that a condition of sale is that the property shall only be used as a single residential dwelling (or other such appropriate wording agreed with the Law Officers Department). Property Holdings acknowledge that these properties do not have common areas with associated maintenance liabilities and accordingly no contractual provisions are required in respect of any additional related charges.

Current Situation

The Minister for Housing seeks the acceptance of the Minister for Treasury and Resources to the terms and conditions which have been agreed between the Housing Department on behalf of the Public for the transactions set out in Appendix 1.

Upon the disposal the vendor will pay back to the Public either (as a minimum) the sum identified in the relevant table in Appendix 1 as the “Deferred payment amount” even if the market value reduces or 25% of the market value at the time of sale, whichever is the higher.

As an example if a property was subsequently sold for a value of £400,000 the capital receipt to the Public would be £100,000.

Conclusion

The valuation and the deferred sum are in accordance with the Social Housing Property Plan 2007 – 2016 P.6/2007 approved 17 July 2007and MD-H-207-0057 dated 27 August 2007 “Valuation Policy for sale of homes in accordance with the Property Plan”.

Recommendation

Ordinarily the Property Holdings would/could not recommend such a transaction as the disposal is at less than best consideration (i.e. best financial value). However, it is accepted that the Minister for Housing is trading financial value for social benefit in accordance with a decision made by the States Assembly. This therefore does allow the property to be sold at a restricted value and accordingly it is recommended that the decision(s) of the Minister for Housing is accepted.

Written By: Paul Griffin

Signature …………………………

Authorised By: David Flowers

Signature ………………………… 19 March 2008

Appendix 1

Properties for disposal

Housing MD Ref: MD-H-2008-0006

Name and address of property :		Les Petits Poissons 109a Clos des Sables La Route Orange St Brelade JE3 8JH
Description		The property occupies a corner plot and comprises a 2 storey semi-detached 3 bedroom house of blockwork construction rendered and painted with part upvc cladding to front and rear. Single storey garage and entrance hall extension with flat ruberoid roofs. The property was upgraded several years ago, to include plastic fascias, gutters and barge boards. Double pitched clay tile roof. The property has concrete ground floor and suspended timber first floor. Double glazed powder coated aluminium windows.
Approx. size of accommodation (GIA)		800 sq ft
Approx. size of site		1,600 sq ft
Proposed purchaser		Mr Mark Fisher & Mrs Caroline Fisher (nee East)
Appendix D Line Ref		Line 11
Any special terms or conditions to be included in the contract		None
Summary of transaction	£		%
Estimated market value:	396,000 – 414,000
FTB discount given:	36,000 – 54,000		10% - 15 %
Assessed FTB value:	360,000
Deferred payment amount:	0		0%
Agreed sale price:	360,000
Market value to sale price difference:	36,000 – 54,000		10 %- 15%

Name and address of property :		108 Clos des Sables La Route Orange St Brelade JE3 8JH
Description		The property occupies a corner plot and comprises a 2 storey semi-detached 3 bedroom house of blockwork construction rendered and painted with part upvc cladding to front and rear. Single storey garage and entrance hall extension with flat ruberoid roofs. The property was upgraded several years ago, to include plastic fascias, gutters and barge boards. Double pitched clay tile roof. The property has concrete ground floor and suspended timber first floor. Double glazed powder coated aluminium windows.
Approx. size of accommodation (GIA)		800 sq ft
Approx. size of site		1,600 sq ft
Proposed purchaser		Mr Ian Nigel Harris & Mrs Suzanna Mary Harris (nee Murphy)
Appendix D Line Ref		Line 11
Any special terms or conditions to be included in the contract		None
Summary of transaction	£		%
Estimated market value:	390,500 – 408,250
FTB discount given:	35,500 – 53,250		10 % - 15 %
Assessed FTB value:	355,000
Deferred payment amount:	88,750		25%
Agreed sale price:	266,250
Market value to sale price difference:	124,250 – 142,000		32 %- 35%

Housing MD Ref: MD-H-2008-0005

Name and address of property :		8 Les Cloches, Le Squez Road, St Clement, JE2 6BG
Description		The property comprises a refurbished 2 storey mid terrace 3 bedroom house of traditional construction. The refurbishment works include new front and rear elevations in cavity block work. The existing roof structure has been retained but has been recovered with new slates. The property retains the original concrete ground floor and suspended timber first floor. New first floor stud work, double glazed windows, metal profile guttering and down pipes, plumbing and wiring. Block built bin store with fibreglass roof. Block paved driveway providing parking for 2 cars.
Approx. size of accommodation (GIA)		800 sq ft
Approx. size of site		1,400 sq ft
Proposed purchaser		Mr Steven Gandy & Mrs Monica Carol Gandy (prev Marett) (nee Stamps)
Appendix D Line Ref		Line 30
Any special terms or conditions to be included in the contract		None
Summary of transaction	£		%
Estimated market value:	341,000 – 356,500
FTB discount given:	31,000 – 46,500		10 % - 15 %
Assessed FTB value:	310,000
Deferred payment amount:	77,500		25%
Agreed sale price:	232,500
Market value to sale price difference:	108,500 – 124,000		32 %- 35%

Name and address of property :		20 Les Cloches, Le Squez Road, St Clement, JE2 6BG
Description		The property comprises a refurbished 2 storey mid terrace 3 bedroom house of traditional construction. The refurbishment works include new front and rear elevations in cavity block work. The existing roof structure has been retained but has been recovered with new slates. The property retains the original concrete ground floor and suspended timber first floor. New first floor stud work, double glazed windows, metal profile guttering and down pipes, plumbing and wiring. Block built bin store with fibreglass roof. Block paved driveway providing parking for 2 cars.
Approx. size of accommodation (GIA)		800 sq ft
Approx. size of site		1,400 sq ft
Proposed purchaser		Mr Michael Minier & Mrs Amanda Shirley Minier (nee Vetier)
Appendix D Line Ref		Line 30
Any special terms or conditions to be included in the contract		None
Summary of transaction	£		%
Estimated market value:	341,000 – 356,500
FTB discount given:	31,000 – 46,500		10 % - 15 %
Assessed FTB value:	310,000
Deferred payment amount:	77,500		25%
Agreed sale price:	232,500
Market value to sale price difference:	108,500 – 124,000		32 %- 35%

Name and address of property :		23 Les Cloches, Le Squez Road, St Clement, JE2 6BG
Description		The property comprises a new 2-storey semi detached 2-bedroom house of timber frame construction with external walls of rendered and painted block work. Reinforced ground floor with concrete slab with screed finish. Suspended timber first floor. Double glazed windows. Timber trussed rafter-insulated roof with clay tiles, metal profile guttering and down pipes. Individual block built bin store with fibreglass roof. Block paved driveway leading to garage.
Approx. size of accommodation (GIA)		800 sq ft
Approx. size of site		1,400 sq ft
Proposed purchaser		Mrs Susan Burke (nee Medley)
Appendix D Line Ref		Line 30
Any special terms or conditions to be included in the contract		None
Summary of transaction	£		%
Estimated market value:	324,500 – 339,250
FTB discount given:	29,500 – 44,250		10 % - 15 %
Assessed FTB value:	295,000
Deferred payment amount:	73,750		25%
Agreed sale price:	221,500
Market value to sale price difference:	103,250 – 118,000		32 %- 35%

Name and address of property :		26 Les Cloches, Le Squez Road, St Clement, JE2 6BG
Description		The property comprises a new 2 storey mid terrace 3 bedroom house of timber frame construction with external walls of rendered and painted block work. Reinforced ground floor with concrete slab with screed finish. Suspended timber first floor. Double glazed windows. Timber trussed rafter-insulated roof with clay tiles, metal profile guttering and down pipes. Individual block built bin store with fibreglass roof. Block paved driveway leading to garage.
Approx. size of accommodation (GIA)		800 sq ft
Approx. size of site		1,400 sq ft
Proposed purchaser		Mr Simon Stone & Mrs Christina Blanche Stone (nee Power)
Appendix D Line Ref		Line 30
Any special terms or conditions to be included in the contract		None
Summary of transaction	£		%
Estimated market value:	357,500 – 373,750
FTB discount given:	32,500 – 48,750		10 % - 15 %
Assessed FTB value:	325,000
Deferred payment amount:	81,250		25%
Agreed sale price:	243,750
Market value to sale price difference:	113,750 – 130,000		32 %- 35%

Name and address of property :		27 Les Cloches, Le Squez Road, St Clement, ,JE2 6BG
Description		The property comprises a new 2 storey mid terrace 3 bedroom house of timber frame construction with external walls of rendered and painted block work. Reinforced ground floor with concrete slab with screed finish. Suspended timber first floor. Double glazed windows. Timber trussed rafter-insulated roof with clay tiles, metal profile guttering and down pipes. Individual block built bin store with fibreglass roof. Block paved driveway leading to garage.
Approx. size of accommodation (GIA)		800 sq ft
Approx. size of site		1,400 sq ft
Proposed purchaser		Mr Mark James Brockbank & Mrs Julie Mary Brockbank (nee Carlton)
Appendix D Line Ref		Line 30
Any special terms or conditions to be included in the contract		None
Summary of transaction	£		%
Estimated market value:	357,500 – 373,750
FTB discount given:	32,500 – 48,750		10 % - 15 %
Assessed FTB value:	325,000
Deferred payment amount:	81,250		25%
Agreed sale price:	243,750
Market value to sale price difference:	113,750 – 130,000		32 %- 35%

Name and address of property :		29 Les Cloches, Le Squez Road, St Clement, JE2 6BG
Description		The property comprises a new 2 storey mid terrace 3 bedroom house of timber frame construction with external walls of rendered and painted block work. Reinforced ground floor with concrete slab with screed finish. Suspended timber first floor. Double glazed windows. Timber trussed rafter-insulated roof with clay tiles, metal profile guttering and down pipes. Individual block built bin store with fibreglass roof. Block paved driveway leading to garage.
Approx. size of accommodation (GIA)		800 sq ft
Approx. size of site		1,400 sq ft
Proposed purchaser		Mr Gary Mourant & Mrs Janet Mourant (nee Holmes)
Appendix D Line Ref		Line 30
Any special terms or conditions to be included in the contract		None
Summary of transaction	£		%
Estimated market value:	357,500 – 373,750
FTB discount given:	32,500 – 48,750		10 % - 15 %
Assessed FTB value:	325,000
Deferred payment amount:	81,250		25%
Agreed sale price:	243,750
Market value to sale price difference:	113,750 – 130,000		32 %- 35%

Name and address of property :		30 Les Cloches, Le Squez Road, St Clement, JE2 6BG
Description		The property comprises a new 2 storey mid terrace 3 bedroom house of timber frame construction with external walls of rendered and painted block work. Reinforced ground floor with concrete slab with screed finish. Suspended timber first floor. Double glazed windows. Timber trussed rafter-insulated roof with clay tiles, metal profile guttering and down pipes. Individual block built bin store with fibreglass roof. Block paved driveway leading to garage.
Approx. size of accommodation (GIA)		800 sq ft
Approx. size of site		1,400 sq ft
Proposed purchaser		Mr Ryan Guillemot & Mrs Sarah Guillemot (nee Landsdale)
Appendix D Line Ref		Line 30
Any special terms or conditions to be included in the contract		None
Summary of transaction	£		%
Estimated market value:	363,000 – 379,500
FTB discount given:	33,000 – 49,500		10 % - 15 %
Assessed FTB value:	330,000
Deferred payment amount:	82,500		25%
Agreed sale price:	247,500
Market value to sale price difference:	115,500 – 132,000		32 %- 35%

Name and address of property :		31 Les Cloches, Le Squez Road, St Clement, JE2 6BG
Description		The property comprises a new 2 storey end terrace 4 bedroom house of timber frame construction with external walls of rendered and painted block work. Reinforced ground floor with concrete slab with screed finish. Suspended timber first floor. Double glazed windows. Timber trussed rafter insulated roof with clay tiles, metal profile guttering and down pipes. Individual block built bin store with fibreglass roof. Block paved driveway leading to garage.
Approx. size of accommodation (GIA)		800 sq ft
Approx. size of site		1,400 sq ft
Proposed purchaser		Mr Michael Brown & Mrs Ann Brown (nee Reid)
Appendix D Line Ref		Line 30
Any special terms or conditions to be included in the contract		None
Summary of transaction	£		%
Estimated market value:	385,000 – 402,500
FTB discount given:	35,000 – 52,500		10 % - 15 %
Assessed FTB value:	350,000
Deferred payment amount:	87,500		25%
Agreed sale price:	262,500
Market value to sale price difference:	122,500 – 140,000		32 %- 35%

Housing MD Ref: MD-H-2008-0009

Name and address of property :		43 Les Cloches, Le Squez Road, St Clement, JE2 6BG, with a first time buyer value of £330,000 to for the sum of £247,500.
Description		The property comprises a new 3 storey end terrace 3 bedroom house of timber framed construction with external walls of rendered and painted block work. Reinforced concrete ground floor slab with screed finish. Suspended timber upper floors. Insulated clay tiled roof with dormer windows to rear. Double glazed windows. Metal profile guttering and down pipes. Block built bin store with fibreglass roof. Block paved drive way leading to garage/car port.
Approx. size of accommodation (GIA)		800 sq ft
Approx. size of site		1,400 sq ft
Proposed purchaser		Miss Nicola Buckley & Mr Tim Horsfall
Appendix D Line Ref		Line 30
Any special terms or conditions to be included in the contract		None
Summary of transaction	£		%
Estimated market value:	363,000 – 379,500
FTB discount given:	33,000 – 49,500		10 % - 15 %
Assessed FTB value:	330,000
Deferred payment amount:	82,500		25%
Agreed sale price:	247,500
Market value to sale price difference:	115,500 – 132,000		32 %- 35%

APPENDIX 2

Housing Department

Ministerial Decision

Decision Reference: MD-H-2008-0006
Decision Summary Title :	DS-sales-clos de sables - February 2008		Date of Decision Summary:
Decision Summary Author:	Dominique Caunce		Decision Summary: Public or Exempt? (State clauses from Code of Practice booklet)	Exempt 3.2.1 (a)(i)
Type of Report: Oral or Written?	Oral		Person Giving Oral Report:	Dominique Caunce
Written Report Title :			Date of Written Report:
Written Report Author:			Written Report : Public or Exempt? (State clauses from Code of Practice booklet)
Subject: To agree 2 sales, as detailed in the table below, through the Social Housing Property Plan 2007 – 2016.
Decision(s): The Minister; approved the sale of the following properties, to the approved First Time Buyers and at the actual sale prices set out below:- Les Petits Poissons, 109a Clos des Sables, La Route Orange, St Brelade, JE3 8JH, with a first time buyer value of £360,000 to Mr Mark Fisher & Mrs Caroline Fisher (nee East) for the sum of £288,000; 108 Clos des Sables, La Route Orange, St Brelade, JE3 8JH, with a first time buyer value of £355,000 to Mr Ian Nigel Harris & Mrs Suzanna Mary Harris (nee Murphy) for the sum of £266,250; both transactions being subject to a deferred payment condition as set out in the individual contracts of sale. Both properties shall also be subject to conditions which will require that; any onward sale is to a bona fide first time buyer and that only one unit of accommodation shall be maintained on each site. All areas of land to be included in the sales are marked on the attached site plans. It is not anticipated that there are any common areas in the ownership of the Public to which access needs to be granted to the purchasers. Therefore, it is not considered necessary for a clause to be included in the contract of sale which would provide for the recharging of any costs associated with operating, maintaining, renewing and replacing those common parts and the associated infrastructure by the Public to the homeowner. requested that the Treasury & Resources Minister similarly agree and authorise the Greffier of the States and Attorney General to pass the necessary contracts of sale before the Royal Court; directed that the resultant funds be credited to HYC029.120410
Reason(s) for Decision: To ensure that the sales are carried out in accordance with Standing Order 168 and the States approval of P6.2007.
Resource Implications: Financial: £554,250.00 receipt as agreed on States approval of P6.2007 to be credited to HYC029.120410 with additional retained equity valued at £160,750.00
Action required: Director of Tenant Services to arrange for Treasury and Resources Minister’s approval and oversee the passing of the contract and receipt of funds.
Signature:		Position: Minister
Date Signed:		Date of Decision (If different from Date Signed):

Housing Department

Ministerial Decision

Decision Reference: MD-H-2008-0005
Decision Summary Title :	DS-sales-February 2008		Date of Decision Summary:
Decision Summary Author:	Dominique Caunce		Decision Summary: Public or Exempt? (State clauses from Code of Practice booklet)	Exempt 3.2.1 (a)(i)
Type of Report: Oral or Written?	Oral		Person Giving Oral Report:	Dominique Caunce
Written Report Title :			Date of Written Report:
Written Report Author:			Written Report : Public or Exempt? (State clauses from Code of Practice booklet)
Subject: To agree 8 sales, as detailed in the table below, through the Social Housing Property Plan 2007 – 2016.
Decision(s): The Minister; approved the sale of the following properties, to the approved First Time Buyers and at the actual sale prices set out below:- 29 Les Cloches, Le Squez Road, St Clement, JE2 6BG, with a first time buyer value of £325,000 to Mr Gary Mourant & Mrs Janet Mourant (nee Holmes) for the sum of £243,750; 26 Les Cloches, Le Squez Road, St Clement, JE2 6BG, with a first time buyer value of £325,000 to Mr Simon Stone & Mrs Christina Blanche Stone (nee Power) for the sum of £243,750; 31 Les Cloches, Le Squez Road, St Clement, JE2 6BG, with a first time buyer value of £350,000 to Mr Michael Brown & Mrs Ann Brown (nee Reid) for the sum of £262,500; 27 Les Cloches, Le Squez Road, St Clement, ,JE2 6BG, with a first time buyer value of £325,000 to Mr Mark James Brockbank & Mrs Julie Mary Brockbank (nee Carlton) for the sum of £243,750; 20 Les Cloches, Le Squez Road, St Clement, JE2 6BG, with a first time buyer value of £310,000 to Mr Michael Minier & Mrs Amanda Shirley Minier (nee Vetier) for the sum of £232,500; 8 Les Cloches, Le Squez Road, St Clement, JE2 6BG, with a first time buyer value of £310,000 to Mr Steven Gandy & Mrs Monica Carol Gandy (prev Marett) (nee Stamps) for the sum of £232,500 23 Les Cloches, Le Squez Road, St Clement, JE2 6BG, with a first time buyer value of £295,000 to Mrs Susan Burke (nee Medley) for the sum of £221,250; 30 Les Cloches, Le Squez Road, St Clement, JE2 6BG, with a first time buyer value of £330,000 to Mr Ryan Guillemot & Mrs Sarah Guillemot (nee Landsdale) for the sum of £247,500; all of the transactions being subject to a deferred payment condition as set out in the individual contracts of sale. requested that the Treasury & Resources Minister similarly agree and authorise the Greffier of the States and Attorney General to pass the necessary contracts of sale before the Royal Court; directed that the resultant funds be credited to HYC029.120410
Reason(s) for Decision: To ensure that the sales are carried out in accordance with Standing Order 168 and the States approval of P6.2007.
Resource Implications: Financial: £1,927,500.00 receipt as agreed on States approval of P6.2007 to be credited to HYC029.120410 with additional retained equity valued at £642,500.00
Action required: Director of Tenant Services to arrange for Treasury and Resources Minister approval and oversee the passing of the contract and receipt of funds.
Signature:		Position: Minister
Date Signed:		Date of Decision (If different from Date Signed):

Housing Department

Ministerial Decision

Decision Reference: MD-H-2008-0009
Decision Summary Title :	DS-43 Les Cloches-Feb 2008		Date of Decision Summary:
Decision Summary Author:	Dominique Caunce		Decision Summary: Public or Exempt? (State clauses from Code of Practice booklet)	Exempt 3.2.1 (a)(i)
Type of Report: Oral or Written?	Oral		Person Giving Oral Report:	Dominique Caunce
Written Report Title :			Date of Written Report:
Written Report Author:			Written Report : Public or Exempt? (State clauses from Code of Practice booklet)
Subject: To agree 1 sale, as detailed in the table below, through the Social Housing Property Plan 2007 – 2016.
Decision(s): The Minister; approved the sale of the following property, to the approved First Time Buyers and at the actual sale prices set out below:- 43 Les Cloches, Le Squez Road, St Clement, JE2 6BG, with a first time buyer value of £330,000 to Miss Nicola Buckley & Mr Tim Horsfall for the sum of £247,500. the transaction being subject to a deferred payment condition as set out in the individual contract of sale. requested that the Treasury & Resources Minister similarly agree and authorise the Greffier of the States and Attorney General to pass the necessary contract of sale before the Royal Court; directed that the resultant funds be credited to HYC029.120410
Reason(s) for Decision: To ensure that the sale is carried out in accordance with Standing Order 168 and the States approval of P6.2007.
Resource Implications: Financial: £247,500 receipt as agreed on States approval of P6.2007 to be credited to HYC029.120410 with additional retained equity valued at £82,500
Action required: Director of Tenant Services to arrange for Treasury and Resources Minister approval and oversee the passing of the contract and receipt of funds.
Signature:		Position: Minister
Date Signed:		Date of Decision (If different from Date Signed):