Warehouse lease at New North Quay

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A decision made 10 December 2009 regarding: Warehouse lease at New North Quay.

Decision Reference: MD-PH-2009-0090
Decision Summary Title :	DS – N02 New North Quay, St Helier (Warehouse) - Lease		Date of Decision Summary:	07/12/09
Decision Summary Author:	Principal Valuer		Decision Summary: Public or Exempt?	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title :	WR - N02 New North Quay, St Helier (Warehouse) - Lease		Date of Written Report:	07/12/09
Written Report Author:	Principal Valuer		Written Report : Public or Exempt?	Exempt Clause 3.2.1(a)(i)(x) & (xii)
Subject: AF 1664/1 N02 New North Quay, St Helier (Warehouse) - Lease
Decision(s): 1. The Minister accepted the recommendation of the Minister for Economic Development in respect of the following: N02 New North Quay (Warehouse) – Lease to Ferryspeed (C.I.) Ltd for a term of 3 years (subject to a break clause on the completion of the Ferryspeed Warehouse, Elizabeth Harbour) with effect from 1 May 2008.
Reason(s) for Decision: 1. Under Standing Order 168 (1) (a) and 168 (2) (a) and (b) the Minister hereby accepts the recommendation of a body established by the States to manage land and buildings owned by the Public of Jersey and hereby notified the States that he had accepted the recommendation of Jersey Property Holdings to agree to the above land transaction.
Resource Implications: There are no financial or manpower implications in respect of this decision other than those detailed in the report.
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 Jersey Property Holdings is to pass the necessary contract and to copy this decision to the Minister for Treasury and Resources, Minister for Economic Development, Harbourmaster, Treasurer and Deputy Treasurer.
Signature:		Position: (Assistant Minister)* MD-PH-2009-0090
Date Signed: 10/12/09		Date of Decision (If different from Date Signed):