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That it be DETERMINED that:
                         
I.the
Director of Governance and Pensions be authorised to enter into a
125-year Lease in respect to the school site with the Kingfisher
Learning Trust in the form set out in Appendix
2.
                       
II.the
Director of Governance and Pensions be authorised to enter into the
Commercial Transfer Agreement, in the form set out in Appendix 3, 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
pooled with Council funds, in respect of the pension fund
liabilities in the Greater Manchester Pension Fund.
                     
IV.Delegation of authority to the Assistant Executive
Director, Finance or their nominated representative to execute any
necessary Greater Manchester Pension Fund for Transferee Admission
Bodies documentation.