Issue - meetings

MODERNISING EDUCATION PROGRAMME - MUTUAL INVESTMENT MODEL - DEED OF ADHERENCE

 

 

Meeting: 27/09/2021 - Cabinet (Item 7)

7 MODERNISING EDUCATION PROGRAMME - MUTUAL INVESTMENT MODEL - DEED OF ADHERENCE pdf icon PDF 422 KB

Additional documents:

Minutes:

The Cabinet was reminded that, at its meeting held on the 21st September, 2020 it had resolved to inter into a Strategic Partnering Agreement (SPA) with WEPCo Limited formed by the Welsh Government and Meridian Investments under the Mutual Investment Model of the 21st Century Schools Programme to facilitate the delivery of education and community facilities. It noted that following completion of the SPA, other Welsh Local Authorities and Further Education Institutions now had a window to enter into a simple supplemental agreement thereto namely, a ‘Deed of Adherance’ that enabled them, from the date of execution, to agree with each person who was, or became a party to the SPA to be bound by the SPA (on the same terms and conditions)(*Joining participants). If the Cabinet were to agree to enter into the deed, its completion was anticipated later in 2021

 

UNANIMOUSLY RESOLVED:-

 

7.1

To approve the execution, delivery and performance of a supplemental agreement to the WEP Strategic Partnering Agreement dated 30th September 2020 (the “Deed of Adherence”) in order that from the date of execution of the Deed of Adherence the Joining Participants are able to give effect to and be bound by the terms of the WEP Strategic Partnering Agreement dated 30th September 2020 as a party to it, to facilitate the delivery of a range of infrastructure services and the delivery of education and community facilities;

7.2

To approve the terms of the Deed of Adherance as detailed AppendixA to the report and summarised in the report so as to give effect to the above recommendation;

7.3

To note that the Deed of Adherance shall be executed as a deed and attested in accordance with Article 13.5 of the Constitution; and

7.4

To note that, in agreeing to enter into the Deed of Adherence, aside from the addition of the Joining Participants as other Participants, this in no way alters the existing terms of the Strategic Partnering Agreement dated 30th September 2020 to which the Council is a party and is required to give effect to and be bound by.