Purpose

The Council has received an academy order for the conversion of
Primary School B.

Decision

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