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It was proposed by Councillor Sexton, seconded
by Councillor Rutherford and resolved to exclude the public and
press be excluded for the following agenda item, 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