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STATES OF JERSEY
LAND TRANSACTIONS UNDER STANDING ORDER 168(3) – PURCHASE OF LAND – FIELD P765
Presented to the States on 7th October 2024 by the Minister for Infrastructure
STATES GREFFE
2024 R.161
2
REPORT
Decision(s): Under Standing Order 168(3), the Minister for Infrastructure hereby notifies the States that he has accepted the recommendation of Jersey Property Holdings to agree to the following –
(a) Land transaction –
To approve the acquisition, on behalf of the Public, of Field P765 for the sum of £120,000. In addition, the contract will include an "Uplift Clause" in the event of any residential or commercial buildings are built on Field P765 in future and in such case an additional sum will be paid based on the market and/or commercial value of the land at the time for residential or commercial purpose. The Uplift Clause shall apply for a period of fifty years from the date of passing the contract.
The Minister hereby authorises, as applicable, the Attorney General and the Greffier of the States to pass any contract which is required to be passed on behalf of the Public; and the Director of Property Holdings to conclude any contract which is required to be concluded on behalf of the Public.
After the expiry of 15 days following presentation to the States the transaction may be concluded.
Further information on this decision may be viewed in due course at: https://www.gov.je/government/planningperformance/pages/ministerialdecisions.aspx under Ministerial Decision reference MD-INF-2024-740.
R.161/2024