That in accordance with Section. 239 (2) (i) of the Municipal Act, 2001, Council to convene in Closed Session at 6:00 p.m. to consider the following subject matters:
a trade secret or scientific, technical, commercial, financial or labour relations information, supplied in confidence to the municipality or local board, which, if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization (Confidential Verbal Update related to potential donors of City Property)