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It was proposed by Councillor Beecher,
seconded by Councillor Bateson and resolved to exclude the public
and press be excluded for the following agenda 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 finalizing acceptable
contract terms.