To create a budget for £1,461,262 from S106 contributions (Primary Education) and release the funds to Oxfordshire County Council (OCC) towards the provision of a primary school (Folly View 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.