London Office: 2 Queen Anne's Gate Buildings, Dartmouth Street, London SW1: Lease and Guarantee

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A decision made 20 January 2014:

Decision Reference: MD-C-2014-0007
Decision Summary Title :	2 Queen Anne’s Gate Buildings, Dartmouth Street, London SW1 – lease and guarantee		Date of Decision Summary:	14 January 2014
Decision Summary Author:	Director of External Relations		Decision Summary: Public or Exempt? (State clauses from Code of Practice booklet)	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title :	Heads of Agreement, 2 Queen Anne’s Gate Buildings, London, SW1		Date of Written Report:	9 January 2014
Written Report Author:	BNP Paribas Real Estate UK		Written Report : Public or Exempt? (State clauses from Code of Practice booklet)	Exempt Clause 3.2.1(a)(x)(xi)(b)
Subject: 2 Queen Anne’s Gate Buildings, Dartmouth Street, London SW1 – lease and guarantee
Decision(s): The Minister authorised officers to take the necessary actions, including the passing of any contract which is required to be passed, in order to provide that, in relation to 2 Queen Anne’s Gate Buildings, Dartmouth Street, London SW1: (a) a lease be entered into by Channel Islands Governmental Services Company ( London) Ltd; (b) a guarantee is provided by the Minister for External Relations.
Reason(s) for Decision: The Medium Term Financial Plan 2013-2015 (P.29/2012), decided by the States Assembly in November 2012, includes provision of recurring funding of £600,000 per annum from 2014 onwards for the establishment of a London office in order to promote and protect the Island’s interests with the United Kingdom. The Chief Minister approved a request in July 2013 for non-recurring contingency funding in 2013 totalling £432,300 for pump priming costs associated with the establishment of the office (MD-C-2013-0078). The Deputy Chief Minister approved the Service Level Agreement (SLA) between the Chief Minister’s Department and the Government of Jersey London Office on 30th August 2013, which establishes the framework under which the Chief Minister’s Department provides funding to the London office by means of an annual grant, in accordance with Financial Directions (MD-C-2013-0092). Officers of Jersey Property Holdings have reviewed the terms proposed and visited the premises. Jersey Property Holdings have confirmed that the terms are reflective of the prevailing market in London and standard landlord and tenant obligations and provide appropriate value for money. The Minister hereby accepts the recommendation of Jersey Property Holdings to agree to this transaction. Advice has been sought and it is understood that Standing Order 168 is not engaged in this instance.
Resource Implications: The Medium Term Financial Plan 2013-2015 provides for the resources necessary to enter into this lease, which is affordable within the total funding provided.
Action required: The Minister hereby authorises officers to take the necessary actions, including the passing of any contract which is required to be passed, in order to provide that, in relation to 2 Queen Anne’s Gate Buildings, Dartmouth Street, London SW1: (a) a lease be entered into by Channel Islands Governmental Services Company (London) Ltd; (b) a guarantee is provided by the Minister for External Relations.
Signature:		Position: Minister for External Relations
Date Signed:		Date of Decision (If different from Date Signed):