Purpose

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.

Decision

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.