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Clos des Sables nos. 187 - 210, proposed conversion of long leaseholds to flying freehold

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.

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A decision made 15 March 2010 regarding: Clos des Sables nos. 187 - 210, proposed conversion of long leaseholds to flying freehold.

Decision Reference: MD-PH-2010-0011

Decision Summary Title :

DS - Clos des Sables N°s 187-210 – Proposed Conversion of Long Leaseholds to Flying Freehold

Date of Decision Summary:

15 March 2010

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 :

WR - Clos des Sables N°s 187-210 – Proposed Conversion of Long Leaseholds to Flying Freehold – PBA 0916

Date of Written Report:

10 February 2010

Written Report Author:

Principal Property Manager

Written Report :

Public or Exempt?

Exempt 3.2.1 (a) (ix), (x), (xi) and (xii).

SD - Exempt 3.2.1 (a)(ix),(x),(xi) and (xii)

Subject:  Clos des Sables N°s 187-210 – Proposed Conversion of Long Leaseholds to Flying Freehold

Decision(s): 

1.     The Minister approved, as recommended by Jersey Property Holdings:

 

a.     The setting-up of a Flying Freehold Association for the property 187 to 210 Clos des Sables comprising 24 maisonettes, garages and communal areas and land.

 

b.     The option for each of the present Leaseholders to convert their leasehold interest in their maisonette and garage to Flying Freehold ownership for a consideration of £11,500 per maisonette and garage, with an option to defer the payment of the consideration by way of a charge registered against the subject maisonette/garage at an agreed rate as set-out in a deferred payment plan.

 

c.      The option for the Leaseholders who presently have the use of enclosed gardens adjoining their maisonettes to acquire same through Flying Freehold ownership at an average consideration of £5,000 (equating to £14.04 per sq ft).

 

d.     That the surveyors’ and legal costs associated with setting-up the Flying Freehold Association will be met by the Public, with the Leaseholders to meet their own legal costs in becoming co-owners of the Association.

 

Reason(s) for Decision: 

1. Under Standing Order 168 (1) (a) the Minister hereby notified the States that he had accepted the recommendation of Jersey 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: 

1.     There are no financial or manpower implications in respect of this decision – based upon the intention to instruct the Law Officers’ Department to draft the contract for the setting-up of the Flying Freehold Association.

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 instruct the Attorney General and the Greffier of the States to pass the necessary contract and to copy this decision to the Minister, Treasurer and Deputy Treasurer.

Signature: 

Position: 

(Assistant Minister)*

               

  MD-PH-2010-0011      

Date Signed: 

15/3/10

Date of Decision (If different from Date Signed): 

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