Paying over to Jersey Employment Trust monies to refurbish Oakfield

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A decision made (14.02.06) to commence the paying over to Jersey Employment Trust of monies to refurbish the Oakfield accommodation.

Subject:	Expenditure: Commencement of paying over to Jersey Employment Trust monies to refurbish the Oakfield accommodation.
Decision Reference:	MD-S-2006-0020		Exempt clause(s):	n/a
Type of Report: (oral or written)	Written		Person Giving Report (if oral):	n/a
Telephone or e-mail Meeting?	n/a		Report File ref:	4/1/2/1/1
Written report – Title	n/a
Written report – Author (name and job title)	Paul Bradbury, Corporate Services Director
Decision(s): Commence the paying over to The Jersey Employment Trust of monies to refurbish the Oakfield accommodation. Monies will be passed over as costs are incurred, up to the maximum budget allocated of £565,000.
Reason(s) for decision: The Employment and Social Security Committee approved the refurbishment of the Oakfield site for use by the Jersey Employment Trust for ‘training, development and associated work based activities’ for a client group as outlined in the Jersey Employment Trust Deeds. The extract from the Employment and Social Security minutes dated 26-5-05, approving this decision, is as follows – “The Committee agreed that the existing building on the Highlands College campus be retained and redeveloped for the use of Oakfield Industries Ltd [a subsidiary of the Jersey Employment Trust] and directed the Controller of Employment and Social Security, in conjunction with the Property Services Department, to proceed with negotiations for a lease of those premises for a minimum term of 10 years, or longer if such an agreement could be negotiated, at a rent to be agreed. The Committee further authorised in principle the expenditure of up to £565,000…” Negotiations over a lease have now been concluded and the lease is in place, for a period of 21 years (a period which aims to match the life of the investment) at a rent of £8,000 per annum. The Jersey Employment Trust have been through the appropriate steps as set out within terms of the Financial Direction, ‘The Control of Capital Expenditure’, and documented the actions they have taken to meet the requirements of the direction. They are now at the stage of being ready to award contract and commence work.
Action required: The Minister to approve the commencement of paying over monies to The Jersey Employment Trust for the refurbishment of the Oakfield accommodation.
Signature: (Minister/ Assistant Minister)		Date of Decision: