Purpose

To create a budget from S106 contributions
(Primary and Secondary Education) and release the funds to
Oxfordshire County Council (OCC) towards the designing,
commissioning, procuring and building out the primary school to be
erected on the site (Shrivenham CE Primary School) under 74 of
council’s financial procedure rules.
 

Decision

To create a budget for
£1,984,339 from S106 contributions (Primary and Secondary
Education) and release the funds to Oxfordshire County Council
(OCC) towards the designing, commissioning, procuring and building
out the primary school to be erected on the site (Shrivenham CE
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.