Purpose

The report presented on 29
February 2024 requested approval from Cabinet to agree the lease
arrangements for the Margate Digital Campus project which is to be
hosted within 53-57 High Street Margate, a building which is owned
by a Joint Venture agreement between Thanet District Council and
Homes England. Following previous decisions, the report set out the
terms in which the lease arrangements are to be made with East Kent
Colleges Group in the leasing of 53-57 High Street.

Decision

Cabinet
agreed that the grant agreement annexed to the report, between the
Council and East Kent Colleges Group should be signed by the
Section 151 Officer, with the seal to be witnessed by two
authorised officers.
 
The
proposed Lease arrangements to East Kent Colleges Group of 53-57
High Street, Margate on 125 year term at a peppercorn rent were
approved. This included that the appointed Joint Venture Steering
Group members confirmed consent to the same.
 
Authorisation was provided to the Head of Regeneration and
Growth in consultation with the Head of Property to finalise the
terms of the lease.  Authorising the
Head of Legal and Democracy to negotiate and complete the necessary
legal formalities and all necessary deeds and agreements arising
from or ancillary to the grant of the lease of the
property.