Anticipated reasons for restriction

Exempt Report - Benwell House Phase 2 - Planning Determination & Build Costs - Key Decision

By virtue of paragraph(s) 3 of Part 1 of Schedule 12A of the Local Government Act 1972.

Explanation of Reasons

Reason restricted justification

This 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 obtaining best value and agreeing final contract terms with the preferred bidder. If the underbidders bids were to become public knowledge then this may put the Council in a position where they are vulnerable to a renegotiation with the preferred bidder.