Apartment 6, Block G, Les Quennevais Park, St Brelade: Transfer to Flying Freehold

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[THIS DECISION HAS BEEN RESCINDED BY MD-PH-2019-0020] A decision made on 12 April 2019

Decision Reference: MD-PH-2019-0010
Decision Summary Title :	Apartment N° 6, Block G, Les Quennevais Park, St Brelade – Transfer of the Public’s Flying-Freehold Ownership and Cancellation of Existing 99 Year Lease		Date of Decision Summary:	05 April 2019
Decision Summary Author:	Principal Property Manager		Decision Summary: Public or Exempt?	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title :	Apartment N° 6, Block G, Les Quennevais Park, St Brelade – Transfer of the Public’s Flying-Freehold Ownership and Cancellation of Existing 99 Year Lease		Date of Written Report:	05 April 2019
Written Report Author:	Principal Property Manager		Written Report : Public or Exempt?	Report: Exempt QE Article 33(b) and QE Article 34(b) SD1(Plan): Public SD2: Exempt QE Article 33(b) and QE Article 34(b)
Subject: Apartment N° 6, Block G, Les Quennevais Park, St Brelade – Transfer of the Public’s Flying-Freehold Ownership and Cancellation of Existing 99 Year Lease PBA 2069-01-006
Decision(s): In accordance with Standing Order 168 (1) (a) the Minister approved, as recommended by Jersey Property Holdings, the cancellation of the existing 99-year lease of the above-mentioned apartment, and the transfer to the present Lessee of the Public’s flying freehold interest in the unit - for an agreed consideration, plus reasonable costs incurred - in accordance with the approved policy (under MD-PH-2012-0124), and the independent valuation arranged by JPH.
Reason(s) for Decision: To accommodate a request by the long-leaseholder of the apartment to convert to flying freehold ownership.
Resource Implications: The financial implications of this decision are detailed in the accompanying report. There are no manpower implications in respect of this decision. When the transaction is concluded the fixed asset register and States balance sheet will be amended to account for the transaction.
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 before Court or concluded. After the expiry of 15 working days following presentation to the States the transaction may be concluded. 2. The Minister hereby authorised, as applicable: a. under Standing Order 168 (5) the Attorney General and the Greffier to pass any contract which is required to be passed on behalf of the Public b. the Director of Jersey Property Holdings to conclude any contract which is required to be concluded on behalf of the Public.
Signature:		Position: Deputy K Lewis Minister for Infrastructure
Date Signed:		Date of Decision (If different from Date Signed):