Purpose

To create a budget from S106 contributions
(Secondary Education) and release the funds to Oxfordshire County
Council (OCC) towards additional pupil places at Matthew Arnold
School under 74 of council’s financial procedure
rules.
 

Decision

To create a budget for
£1,431,164 from S106 contributions (Secondary Education) and
release the funds to Oxfordshire County Council (OCC) towards
additional pupil places at Matthew Arnold School 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.