Government of Jersey

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A decision made (24/09/2008) regarding: Railway Walk, Le Mont Les Vaux, St. Brelade - New 21 year lease to Jersey Gas Company Limited.

Decision Reference: MD-PH-2008-0077
Decision Summary Title:	Railway Walk, Le Mont Les Vaux, St Brelade – New Lease to Jersey Gas Company Limited		Date of Decision Summary:	17th September 2008
Decision Summary Author:	Jonathan Quérée		Decision Summary: Public or Exempt?	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title:	Railway Walk, Le Mont Les Vaux, St Brelade – New Lease to Jersey Gas Company Limited		Date of Written Report:	17th September 2008
Written Report Author:	Jonathan Quérée		Written Report : Public or Exempt?	Public
Subject: JQ 425/22 - Railway Walk, Le Mont Les Vaux, St Brelade – New 21 year Lease to Jersey Gas Company Limited
Decision(s): 1. The Minister approved, as recommended by Property Holdings, a new 21 year Lease to Jersey Gas Company Limited in respect of the gas site at Railway Walk, Le Mont Les Vaux, St Brelade.
Reason(s) for Decision: 1. Under Standing Order 168 (1) (a) and 168 (3) the Minister hereby notified the States that he had accepted the recommendation of Property Holdings to agree to the above land transaction. 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.
Resource Implications: Other than those detailed in the report there are no further financial or manpower Implications.
Action required: 1. In accordance with Standing Order 168 (3) this decision must be presented to the States at least 15 working days before the contract is passed. After the expiry of 15 working days following presentation to the States the transaction may be concluded. 2. The Director of Property Holdings is to instruct the Attorney General and the Greffier to pass the necessary contract, and to copy this decision to the Minister, Treasurer and Deputy Treasurer.
Signature:		Position: Deputy J A N Le Fondré Assistant Minister* MD-PH-2008-0077
Date Signed: 24/09/08		Date of Decision:

Railway Walk, Le Mont Les Vaux, St. Brelade - New 21 year lease to Jersey Gas Company Limited.

TREASURY AND RESOURCES DEPARTMENT

PROPERTY HOLDINGS

Property Transaction for Ministerial Decision - Minister for Treasury and Resources

Railway Walk, Le Mont Les Vaux, St Brelade – New Lease to Jersey Gas Company Limited

JQ/425/22

Purpose

This report proposes that a lease be granted to Jersey Gas Company Limited, for the use of the above Public owned site, in the administration of the States of Jersey Property Holdings Department on behalf of the Public, for the purposes of improving the gas network in the Island.

Current Situation

Terms and conditions for a 21 year lease have been agreed between the Public of the Island and Jersey Gas Company Limited concerning an installation at the Railway Walk, Le Mont Les Vaux, St Brelade. The total rental of £500.00 will be paid in full upon completion of contract. The Jersey Gas Company Limited has agreed to meet the Public’s professional fees – in the sum of £150.00 – and also the Public’s legal fees in relation to this transaction.

Conclusion

It is considered that the agreement is mutually beneficial, in that whilst an appropriate financial return is generated for the Public, it assists with the establishment of the Company’s gas network in the Island.

Recommendation

It is the recommendation of Property Holdings that the Minister for Treasury and Resources should approve the grant of a new lease to Jersey Gas Company Limited upon the terms identified above.

Written By: Jonathan Quérée

Signature …………………………

Authorised By: David Flowers

Signature ………………………… 17 September 2008