Purpose

To create a budget from S106 contributions
(Primary Education) and release the funds to Oxfordshire County
Council (OCC) towards the provision of New Grove Primary School (St
John’s CE Academy Primary School) under 74 of council’s
financial procedure rules.
 

Decision

To create a budget for
£906,880 from S106 contributions (Primary Education) and
release the funds to Oxfordshire County Council (OCC) towards the
provision of New Grove Primary School (St John’s CE Academy
Primary 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.