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It was proposed by Councillor Beatty, seconded
by Councillor Beecher and resolved to exclude the public and
press 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.