Request to spend S106 funding under section 106 application reference: P24/V2243/106
January 21, 2025 Head of finance (Officer) Key decision Approved View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
...to create a £1,352,597 budget from three S106 contributions for secondary education and release the funds to Oxfordshire County Council for replacing temporary buildings at Faringdon Community College, also agreeing to a Third Party Funding Agreement with the council before releasing the funds.
Full council record
Purpose
To create a budget for £1,352,597 from S106 contributions (Secondary Education) towards replacing temporary buildings with permanent accommodation at Faringdon Community College and release the funds to Oxfordshire County Council (OCC) under 74 of council’s financial procedure rules.
Decision
To create a budget for £1,352,597 from three S106 contributions (Secondary Education) and release the funds to Oxfordshire County Council (OCC) towards Faringdon Community College under 74 of council’s financial procedure rules.
and to enter into a funding agreement in the form of a Third Party Funding Agreement, with Oxfordshire County Council and thereafter to release funds, subject to receipt of the signed third party funding agreement.
Supporting Documents
Details
| Outcome | Recommendations Approved |
| Decision date | 21 Jan 2025 |
| Effective from | 30 Jan 2025 |
| Subject to call-in | Yes |