Variation of Lease Terms – Staffordshire Place 2

February 18, 2025 Cabinet Member for Education and SEND (Cabinet member) Approved View on council website

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Summary

...to approve a variation of lease terms for Staffordshire Place 2, changing the lease duration from 10 years to 7 years to avoid the need for Department for Education approval and ensure the project's timely delivery for the commencement of teaching in September 2025.

Full council record

Purpose

Property Sub Committee on 27 November 2024 decided to grant a lease to Walton Hall Academy/Shaw Education Trust for the provision of post 16 education.

The proposal at the time was for a 10 year lease. However, a lease of that period would require Department for Education approval. The timescale for such approval puts the project at risk of delivery to allow commencement of teaching in September 2025.

However, a 7 year or less lease does not require such approval.

Therefore, the decision is to agree a change in terms from 10 years to 7 years.

Supporting Documents

Variation of Lease Terms Staffordshire Place 2.pdf

Details

OutcomeRecommendations Approved
Decision date18 Feb 2025
Effective from22 Feb 2025
Subject to call-inYes