Issue - meetings

Lease for the New Primary School at Barking Riverside

Meeting: 16/03/2010 - Cabinet (Item 140)

140 Lease for the New Primary School at Barking Riverside pdf icon PDF 116 KB

Minutes:

Further to Minute 162 (24 March 2009), received a report on proposals to progress the development of a new primary school as part of the Barking Riverside Rivergate Centre project, which will be delivered in partnership with Barking Riverside Limited (BRL) and the Diocese of Chelmsford.

 

Agreed, in order to assist in achieving the Council’s Community Priorities of ‘Prosperous’ and ‘Inspired and Successful’, to:

 

  (i)  The entering into of an agreement for lease and development with BRL to procure the construction of the school and playing fields;

 

  (ii)  The entering into of a 999 year lease at a peppercorn rate with BRL for the primary school premises at the Barking Riverside Rivergate Centre;

 

  (iii)  Authorise the Corporate Director of Finance and Commercial Services to approve the terms of the lease, in consultation with Legal Partners and Property Services;

 

  (iv)  The granting of a sub-lease to the Diocese of Chelmsford, or its agents, as the operator of the school in order that the school site can be held by the Trust, subject to the Secretary of State’s agreement regarding the running of the school; and

 

  (v)  Authorise the Corporate Director of Finance and Commercial Services, in consultation with Legal Partners, to enter into a Single Building Contract to deliver Phase 1 of the Rivergate Centre at Barking Riverside, including the provision of a primary school and nursery subject to the Council’s contribution to the scheme not exceeding £8.5m and a guarantee from the BRL / Homes and Communities Agency (HCA) with regard to the remaining funding.