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It was proposed by Councillor Williams,
seconded by Councillor Sexton and resolved that the public
and press be excluded during consideration of the following items,
in accordance with paragraph 3 of Part 1 of Schedule 12A of the
Local Government Act 1972 (as amended) because it was likely to
disclose information relating to the financial or business affairs
of any particular person (including the authority holding that
information) and in all the circumstances of the case, the public
interest in maintaining the exemption outweighs the public interest
in disclosing the information because, disclosure to the public
would prejudice the financial position of the authority in being
able to undertake even-handed negotiations and finalising
acceptable contract terms.