Pursuant to Section 9.3, Sub-sections (a) and (i) of the City's Procedural By-law 21-021, as amended, and Section 239(2), Sub-sections (a) and (i) of the Ontario Municipal Act, 2001, as amended, as the subject matter pertains to the security of the property of the City or a local board; and 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.