Purpose

To create a budget from S106 contributions
(Secondary Education) and release the funds to Oxfordshire County
Council (OCC) towards the construction of a new secondary school at
Grove Airfield site under 74 of council’s financial procedure
rules.
 

Decision

To create a budget for
£758,753 from S106 contributions (Secondary Education) and
release the funds to Oxfordshire County Council (OCC) towards the
construction of a new secondary school at Grove Airfield site 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.