Decision

That it be DETERMINED that:

        I.         The Borough Solicitor be authorised to enter into a 125-year Lease in respect of the school site with the Ambition Community Trust.

       II.         The Borough Solicitor be authorised to enter into a Commercial Transfer Agreement with the Ambition Community 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 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 Greswell Primary School to take place on or around 1 January 2025, or as soon as possible thereafter

Reasons for the decision

To support Tameside schools to convert to Academy status.