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RESOLVED:
 
1. 
Authorise
the granting by the Council to the Community Schools Trust
a  lease for a term of 125 years at a
peppercorn rent for land and buildings comprising Haggerston Community Secondary School, shown edged
red on Plan 1 attached to this report, subject to the terms of the
Department for Education’s model lease (subject to reasonable
updating and modification).
 
2. 
Authorise
the Acting Group Director of Finance and the Group Director of
Children and Education, in consultation with the Mayor and lead
member for Education, to agree the commercial terms of the
relevant  Commercial Transfer Agreement
in connection with the academy transfer.
 
3. 
Authorise
the Acting Director of Legal, Democratic and Electoral Services
to  prepare, agree, settle and sign the
legal documentation envisaged to 
complete the transactions set out in this report, together with
any  ancillary legal
documentation.
 
REASONS FOR DECISION
 
The Department for Education has stipulated that where a
local authority owned community school wishes to convert to academy
status the local authority must lease to the school the land and
buildings used for educational purposes on a 125 year lease at a
peppercorn rent. 
 
DETAILS OF ALTERNATIVE OPTIONS CONSIDERED AND
REJECTED
 
The Secretary of State has agreed in principle to
establishing Haggerston School as an
Academy and holds powers to enforce that decision and transfer the
land, if required.