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L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

Les Freres, Chemins des Maltieres, Grouville: Acquisition of 20 Homes by Christians Together in Jersey: Approval of Borrowing

A formal published “Ministerial Decision” is required as a record of the decision of a Minister (or an Assistant Minister where they have delegated authority) as they exercise their responsibilities and powers.

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  • demonstrating that good governance, and clear lines of accountability and authority, are in place around decisions-making – including the reasons and basis on which a decision is made, and the action required to implement a decision

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A decision made 1 July 2013:

Decision Reference:  MD-H-2013-0048 

Decision Summary Title :

DS – CTJ Borrowing for acquisition at Les Freres

Date of Decision Summary:

28th June 2013

Decision Summary Author:

 

Director of Strategy

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 :

Proposed borrowing to facilitate acquisition of homes at Les Freres, Chemins des Maltieres, Grouville by the CTJ Housing Trust

Date of Written Report:

28th June 2013

Written Report Author:

Director of Strategy

Written Report :

Public or Exempt?

(State clauses from Code of Practice booklet)

Exempt Clause 3.2.1(x)

Subject:  Christians Together in Jersey (CTJ) Housing Trust - enter into borrowing to acquire 20 homes at Les Freres, Chemins des Maltieres, Grouville

 

Decision(s):

The Minister -

  1. Approved the request from the Trustees of the Christians Together in Jersey (CTJ) Housing Trust that they be permitted to enter into borrowing in the amount of £3m with the HSBC Bank Plc for a period of 25 years in order to facilitate the purchase of 1 – 20 Les Freres, Chemins des Maltieres, Grouville from the Gouray Lodge Charitable Trust for the total consideration of £4.050m; and 

 

  1. Requested that the Minister for Treasury and Resources similarly endorse the borrowing.

 

  1. Agreed to sign the Tri-Partite agreement on behalf of the Public

Reason(s) for Decision:   To conform with Clause 4(c) of the Trusts Constitution

Resource Implications:   NIL at this time

 

Action required: Finance Director to oversee seeking the approval of the Minister for Treasury and Resources

Signature:

Position:

                               HOUSING MINISTER

Date Signed:

 

Date of Decision (If different from Date Signed):

 

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