Cabinet resolved unanimously to:
1.. Authorise the Council to enter into the following:
a. A Commercial Transfer Agreement (CTA) between the Council, the Governing Body of Newborough Church of England Primary School (the “School”) and Peterborough Diocese Education Trust (“PDET”).
b. Deeds of Novation/Assignment between the Council, PDET and (if applicable) the relevant third-party contractors including any building/constructions contracts, for the Council’s interest in the contract entered into by the Council for the purpose of operating the school to be novated or assigned to PDET.
2. Authorise the Council to enter into the following:
a. A lease of 125 years of the playing fields occupied by the School, at a peppercorn rent granted by the Council to PDET
b. A statutory transfer of hardstanding areas and built land on the school site from the Council to Peterborough Diocesan Board of Finance (“Diocese”)
the main terms of which are set out in Appendix 1 (or such alternative terms as the Executive Director for Children's Services, in consultation with the Director for Legal and Governance and the Executive Director for Corporate Services, determines are necessary to facilitate the academy conversion of the School).
3. Delegate authority to the Executive Director for Children's Services, in consultation with the Director for Legal and Governance and the Executive Director for Corporate Services to negotiate and enter into any documentation reasonably required to facilitate the academy conversion of the school.
The report can be found at the bottom of the page