Purpose

To approve the conversion of the
school

Content

That it be DETERMINED that:

       
I.        
The Borough
Solicitor is authorised to enter into any legal documentation
required to bring the Council’s short-term interest in the
school site to an end.

      
II.        
The Borough
Solicitor be authorised to enter into a Commercial Transfer
Agreement with the Victorious Academies Trust, which takes into
account the principle that risk and liability does not transfer
back to the Council and in respect of which the funds and reserves
to manage the risks/liabilities will transfer to the Academy and
consequently the Council should be in no worse position because of
the transfer.

    
III.        
The pension
arrangements be agreed so that Academy Trust funds are not pooled
with Council funds, in respect of the pension fund liabilities in
the Greater Manchester Pension Fund.

   
IV.        
Authority
be delegated to the Director of Resources, or their nominated
representative, to execute any necessary Greater Manchester Pension
Fund for Transferee Admission Bodies documentation.

     
V.        
The
conversion of St Annes Primary Schoolto take place on or around 1 April 2025, or as soon as
possible thereafter.