Bailhache Trust Property Assets: Management

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A decision made 19 January 2017:

Decision Reference: MD-HSS-2017-0005
Decision Summary Title :	Management of Trust Property Assets		Date of Decision Summary:	17 January 2017
Decision Summary Author:	Financial Accountant		Decision Summary: Public or Exempt? (State clauses from Code of Practice booklet)	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:
Written Report Title :	MD Report - Management of Trust Property Assets		Date of Written Report:	06 January 2017
Written Report Author:	Financial Accountant		Written Report : Public or Exempt? (State clauses from Code of Practice booklet)	Exempt – 3.2.1 (a) (x)
Subject: Management of Trust Assets
Decision(s): The Minister accepted the investment strategy and recommendations for the Bailhache Trust Property Assets as detailed in the report provided by JPH. The Minister authorised JPH to implement these recommendations which include: - Retaining 52 Don Street and 12, 14 & 16 Burrard Street, St. Helier as income generating properties and investing in the properties to address disrepairs and carry out maintenance. - Retaining Le Chatelet Annexe, 24 Victoria Street, St Helier as income generating properties and investing in the properties to address disrepairs and carry out maintenance. - Marketing 10 Grosvenor Terrace for sale. The Minister further authorised the appointment of JPH as property manager and delegated authority to the Finance Director to conclude a detailed agreement with JPH stipulating how rental income will be collected, property expenses will be settled, and how records on the properties will be maintained.
Reason(s) for Decision: To ensure sufficient and appropriate management and maintenance of the assets of the Bailhache Trust.
Resource Implications: Costs for work done will be charged to the relevant trusts as described above. There are no resource implications for the Health & Social Services department.
Action required: JPH to liaise with the Health & Social Services to facilitate the actions authorised above.
Signature:		Position: Minister for Health & Social Services
Date Signed:		Date of Decision: