N18A, New North Quay and V12S and V12U, Victoria Pier: Leases

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A decision made on 14 October 2010 regarding leases for N18A, New North Quay and V12S and V12U, Victoria Pier

Decision Reference: MD-PH-2010-0094
Decision Summary Title :	DS - New North Quay N18A, Victoria Pier V12S, Victoria Pier V12U - Lease		Date of Decision Summary:	4 October 2010
Decision Summary Author:	Principal Valuer		Decision Summary: Public or Exempt?	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title :	WR - New North Quay N18A, Victoria Pier V12S, Victoria Pier V12U - Lease		Date of Written Report:	4 October 2010
Written Report Author:	Principal Valuer		Written Report : Public or Exempt?	Exempt Clause refs. 3.2.1(a)(i)(x) & (xii)
Subject: New North Quay N18A, Victoria Pier V12S, Victoria Pier V12U - Lease AF 1664/16, 1669/12 & 1669/13
Decision(s): 1. The Minister decided, as recommended by Jersey Property Holdings, to notify the States of his intention to accept the recommendation of the Minister for Economic Development in respect of the following : a. New North Quay (Office) N18A – Assignment & Extension to Lease b. Victoria Pier (Unit on 1st Floor Brick Warehouse) V12S – Lease c. Victoria Pier (Unit on 1st Floor Brick Warehouse) V12U - Lease d. to confirm the above decision after giving the States 15 working days’ notice of the transaction, and to cause the transaction to be completed.
Reason(s) for Decision: 1. Under Standing Order 168 (1) (a) the Minister is obliged to notify the States that he has accepted the recommendation of Jersey Property Holdings to agree to the above land transaction.
Resource Implications: There are no financial or manpower implications in respect of this decision other than those detailed in the report.
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.
Signature:		Position: Deputy J A N Le Fondré Assistant Minister for Treasury & Resources
Date Signed: MD-PH-2010-0094		Date of Decision (If different from Date Signed): 14/10/10