Decision details

The Director of Children & Families agreed to:

• Note the negotiations held with Solicitors acting on behalf of The Owlcotes
Multi Academy Trust;

• Give authority for the following agreements to be executed and completed to enable the Academy to open on 1st May 2024 or such later date advised by the DfE (subject to the PFI funders/banks approval):
o Schools Agreement between Leeds City Council and The Owlcotes Multi
Academy Trust;
o Principal Agreement between Leeds City Council, The Secretary of State for Education and The Owlcotes Multi Academy Trust; and
o Commercial Transfer Agreement between Leeds City Council, the Governing Body of Spring Bank Primary School, and The Owlcotes Multi Academy Trust,
together with any other documentation required to complete the transfer.

• note that a Local Government (Contracts Act) certificate was signed by the Director of Resources (as approved by the City Solicitor) in relation to the Deed of Variation dated 1st September 2013 which varied the terms of the PFI project agreement for Leeds Seven Schools PFI programme to accommodate (amongst other things) this conversation.

• Note that decisions relating to the transfer of land and/or the granting of any leases or licences are not included for approval in this report. These will be undertaken under separate delegated powers by the Director of City Development.

• Give authority for any other necessary action to be taken to effect the transfer.