Council Medium Term Financial Support of Knowle Green Estates (KGE)
The report contains exempt information within the meaning of Part 1 of Schedule 12A to the Local Government Act 1972, as amended by the Local Government (Access to Information) Act 1985 and by the Local Government (Access to information) (Variation) Order 2006 Paragraph 3 – 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 any lease, contract or other type of negotiation with the tenant or developer, who could then know the position of the Council
Additional documents:
Minutes:
Due to the presence of external attendees, the Chair used their discretion for the Committee to hear this item before item 7 on the agenda.
It was proposed by Councillor Bateson, seconded by Councillor Williams and resolved to exclude the public and press for the discussion of this 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.
The Committee received a presentation from the non-executive directors of Knowle Green Estates and considered the information set out in the report and the addendum.
The Committee resolved by majority to
1. Note the corrected figures and clarifications in the addendum to the report.
2. Make recommendations to Council as set out in the report.
In accordance with Standing Order 21.6, Councillor Nichols requested his abstention be recorded.