The Chair introduced the item to the meeting.
The Chair stated the scheme was long overdue and highlighted the opportunities to work with Cherwell District Council.
The Chair thanked officers and agreed to the recommendations in the report.
RESOLVED to:
a) Approve as a key decision the purchase of a property in Banbury Town Centre for the purposes of re-providing Banbury Library and other Oxfordshire County Council (OCC) uses.
b) Delegate authority to the Executive Director of Resources and Section 151 Officer, in consultation with the Director of Property and Assets; Director of Law & Governance and Monitoring Officer; and the Cabinet Member for Finance to consider Officer recommendations and agree the final purchase price and terms.