97 Don Road, St. Helier

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A decision made 12 April 2010 regarding: 97 Don Road, St. Helier - sale of.

Decision Reference: MD-TR-2010-0061
Decision Summary Title:	Proposed Sale of 97 Don Road, St Helier		Date of Decision Summary:	08/04/10
Decision Summary Author:	Head of Decision Support		Decision Summary: Public or Exempt?	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title	Jersey Property Holdings – Proposed Sale of 97 Don Road, St Helier		Date of Written Report:	08/04/10
Written Report Author:	Finance Manager, Decision Support		Written Report : Public or Exempt?	Exempt 3.2.1(a)(i)
Subject: Proposed Sale of 97 Don Road, St Helier.
Decision(s): The Minister agreed:- (i) To the sale of 97 Don Road, St Helier for the sum of £395,000. (ii) That capital receipts from the sale of this property to be credited to the Housing Department’s Social Works Programme HYR000.121010, rather than the Consolidated Fund.
Reason(s) for Decision: Standing Order 168 (2)(b) states prior agreement is not required by the States to enter into a land transaction if the Minister accepts a recommendation by a body established by the States to manage land and buildings owned by the Public of Jersey. Article 15(3) of the Public Finances (Jersey) Law permits the Minister to authorise a States funded body to use all or part of asset disposal proceeds to acquire a replacement or other asset.
Resource Implications: The Decision will not increase States net expenditure.
Action required: The Director of Property Holdings, in accordance with Standing Order 168 (3) is to instruct the Greffe to lodge this decision to the States. After the expiry of 15 working days following presentation to the States the transaction will be concluded by the Director of Property Holdings instructing the Attorney General and the Greffier to pass the necessary contract, and to copy this decision to the Chief Executive of the Housing Department, the Minister, Treasurer and Deputy Treasurer. The Housing Department to action the necessary accounting and budget transfers.
Signature:		Position: Senator P F C Ozouf Minister for Treasury and Resources
Date Signed:		Date of Decision: