47 Oak Tree Gardens and 33 Grasett Park: Proposed Sale

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Decision Reference: MD-PH-2009-0049
Decision Summary Title :	DS – 47 Oak Tree Gardens St Helier & 33 Grasett Park, St Saviour – Proposed sale		Date of Decision Summary:	03/08/09
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 - 47 Oak Tree Gardens St Helier & 33 Grasett Park, St Saviour – Proposed sale		Date of Written Report:	03/08/09
Written Report Author:	Principal Valuer		Written Report : Public or Exempt?	Report - Public SDs Appendices 1&2 Exempt Clause 3.2.1(a)(i)
Subject: PG 294 & 295 – Proposed sale of 47 Oak Tree Gardens, St Helier & 33 Grasett Park, St Saviour.
Decision(s): The Minister accepted the recommendation of the Minister for Housing for the sale of: 47 Oak Tree Gardens St Helier, with a first time buyer value of £385,000 for the sum of £288,750. 33 Grasett Park, Victoria Road, St Saviour, with a first time buyer value of £340,000 for the sum of £255,000. As previously approved by the States in Housing Property Plan (P6.2007).
Reason(s) for Decision: 1. Under Standing Order 168 (1) (a) and 168 (2) (a) and (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 disposal of land. 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: The Housing Department will receive a capital receipt as identified above, whilst foregoing a rental in respect of the above properties. The capital receipt to be spent in accordance with Article 15(3) of the Public Finance (Jersey) Law 2005.
Action required: 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 Chief Executive of the Housing Department, the Minister, Treasurer and Deputy Treasurer.
Signature:		Position: Deputy J A N Le Fondré Assistant Minister*
Date Signed: 06/08/09		Date of Decision (If different from Date Signed): MD-PH-2009-0049