By virtue of paragraph(s) 9 of Part 1 of Schedule 12A of the Local Government Act 1972.
Explanation of Reasons
By Virtue of Paragraph 9
Any terms proposed or to be proposed by or to the authority in the course of negotiations for a contract for the acquisition or disposal of property or the supply of goods or services
Information within paragraph 9 is only exempt if, and for so long as, disclosure to the public of the terms would prejudice the authority in those or other negotiations concerning that property or those goods or services. (The disposal of property includes granting an interest in or right over it)