The details of the donation, the amount, the donor, and the intended purpose of the funding are being kept under wraps.
An NDA (non-disclosure agreement) has been signed by unelected officials who are involved in the talks.
Senior councillors are meeting next week to discuss the proposed donation but will do so in private.
The matter is on the agenda at the City Administration Committee.
Councillors on the committee have been notified of the negotiations “relating to a proposed private donation to the council”.
It has been revealed the community empowerment team within the chief executive’s department has been in negotiations with an external organisation regarding a proposed private donation to the council.
However, no more details are being disclosed.
A paper circulated to councillors, states: “The external organisation has however requested that this not be subject to publicity and the council has entered into a non-disclosure agreement relating to the discussions.”
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It means when the matter is discussed there will be no members of the public or press allowed to hear as it will be taken in private.
In 2018 a guessing game was sparked when it was revealed an anonymous donor had gifted the council a Rolls Royce worth almost a quarter of a million pounds for the use of the Lord Provost, who at the time was Eva Bolander.
The secrecy around the donation caused controversy and eventually the donor was revealed as biscuit entrepreneur Boyd Tunnock.
Under the Local Government (Scotland) Act the council is able to exclude press and public from meetings where certain information is being discussed.
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In a paper to councillors it states: “A local authority may by resolution exclude the public from a meeting during consideration of an item of business whenever it is likely, in view of the nature of the business to be transacted or the nature of the proceedings, that if members of the public were present during consideration of that item of business there would be disclosure to them of exempt information.
“Exempt information under Schedule 7A of the Act includes (at paragraph 6) ‘Information relating to the financial or business affairs of any particular person (other than the authority)’.
“The information detailed in the full report is deemed to such information and can therefore be classed as ‘exempt’ for purposes of Schedule 7A.
“It is therefore recommended that the full report is considered by the City Administration Committee with press and public excluded.”