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STATES OF JERSEY
LAND TRANSACTIONS UNDER STANDING ORDER 168(3) –
PURCHASE OF 46 RESIDENTIAL UNITS AT "LA PROVIDENCE" FROM BEL ROYAL (JERSEY) LIMITED AND THE ONWARD SALE TO 46 PURCHASERS IN ACCORDANCE WITH P.74/2008 AND MD-H-2009-0049 AND 0055
Presented to the States on 23rd June 2009 by the Minister for Treasury and Resources
STATES GREFFE
2009 Price code: A R.68
2
REPORT
Decision(s): Under Standing Order 168(3) the Minister for Treasury and Resources hereby notifies the States that he has accepted the recommendation of the Property Holdings Department to agree to the following –
Land transaction –
- Accepted the recommendation of the Minister for Housing (MD-H-2009- 0049), in relation to the purchase of 46 residential units at La Providence from Bel Royal (Jersey) Limited.
- Approved the immediate onward sale of those units to the 46 purchasers selected in accordance with the "Gateway" process for the prices set out in the attached Appendix.
- Authorised the Director of Jersey Property Holdings (or in his absence the Assistant Director – Finance and Investment) to approve each of the onward sales under his delegated authority.
- Approved the use of receipts from the sale of residential units at "La Providence" to fund purchase of the units and for these transactions to be managed through a rechargeable account.
The Minister hereby authorises the Attorney General and the Greffier of the States to pass any contract which is required to be passed 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 can be found on www.gov.je under Ministerial Decisions/Treasury and Resources/Property Holdings (reference MD-PH-2009-0035).
R.68/2009
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APPENDIX
R.68/2009