Anticipated reasons for restriction

Amendment of Existing Loan Arrangements to Empower

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

Explanation of Reasons

Reason restricted justification

Appendix 1 is NOT FOR PUBLICATION in accordance with paragraph (s) 3of Schedule 12A of Part 1 of the Local Government Act 1972 in that it contains information relating to commercially sensitive information, namely the project plan. The public interest test has been applied to the information contained within the exempt annex and it is considered that the need to retain the information as exempt outweighs the public interest in disclosing it as to do so. To release the details of the project plan would disclose commercially sensitive information about Empower and the terms of the refinance agreement and disclosure would also be damaging to the Council’s commercial interests