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

Sale of Medina, 26 Seale Street, St. Helier.

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

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A decision made (01/09/2008) regarding: Sale of Medina, 26 Seale Street, St. Helier.

Decision Reference:      MD-H-2008-0087

Decision Summary Title :

DS – Sale of Medina  26 Seale Street

Date of Decision Summary:

22nd August 2008

Decision Summary Author:

Radley Montgomery Asset Manager

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 :

Medina 26 Seale Street - Sale

Date of Written Report:

22nd August 2008

Written Report Author:

Radley Montgomery Asset Manager

Written Report :

Public or Exempt?

(State clauses from Code of Practice booklet)

Public

Subject:

To agree the sale of Medina 26 Seale Street

Decision(s):

The Minister,

  1. approved the sale of Medina 26 Seale Street for the sum of £380,000 to Emma Jane Short and Thomas Muirhead jointly
  2. requested that the Treasury & Resources Minister similarly agree and seek the assistance of the Greffier and Attorney General in signing the necessary contracts. 
  3. 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: £380,000 receipt as agreed on States approval of P6.2007 to be credited to HYC029.120410

Action required: 

Asset Manager to arrange for Treasury and Resources Minister approval and oversee the passing of the contracts and receipt of funds

Signature: 

Position:

Minister

Date Signed: 

Date of Decision (If different from Date Signed): 

Sale of Medina, 26 Seale Street, St. Helier.

DATE OF REPORT:- 22 August 2008  

REPORT TO THE HOUSING MINISTER  

Sale of Medina - 26 Seale Street  

On 17th July 2007 the States approved P6.2007 The Social Housing Property Plan 2007 – 2016.  This provided approval for the sale on the open market of a number of non-core properties which were owned by the Public of the Island and were in the stewardship of the Housing Department 
 

The property had been valued at £360,000 in accordance with the approved valuation policy MD-H-2007-0057. The valuation set is therefore valid until 12th November 2008. 

On 23rd May 2008 (MD-H-2008-53) the Minister will recall that he agreed to place Medina on the open market for sale at offers in excess of the valuation. 

An offer to purchase the property at £380,000 has been received from Emma Jane Short and Thomas Muirhead. This is £20,000 over the valuation, will be a cash purchase, with no onward chain. 

The purchasers have indicated that they intend to pass contract on the 26th September 2008  

Recommendations  

That the Minister,  

1. approve the sale of Medina for the sum of £380,000 to Emma Jane Short and Thomas Muirhead jointly. 

2. request that the Treasury & Resources Minister agree to the transaction and authorise the Greffier and Attorney General to sign the necessary contracts.   

3. that in accordance with the States approval of P6.2007 the resultant funds are to be credited to HYC029.120410 
 
 
 

Report Drafted By:  ______________________________     Date

                                   Asset Manager 
 

Report Approved By: _____________________________      Date

                                    Director of Estate Services

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