(A)   Whenever full public disclosure is required under this chapter, the disclosure shall be made orally on the record in open session at a meeting of the village body involved or in writing filed with the Village Clerk. The disclosure shall become part of the official record of the village body involved and, if applicable, shall also become part of the official record of a regularly scheduled meeting of the Village Council.
   (B)   Each disclosure shall include, if applicable:
      (1)   The identity of all individuals involved;
      (2)   The sources and amount of income or other financial gain that may be involved; and
      (3)   The terms of the business transaction, including but not limited to, duration, consideration between the parties, facilities or services of the village that are involved, the nature and degree of any assignment of village employees and the nature of any financial interest.
   (C)   The matter may be approved by a vote of not less than 2/3 of the full membership of the approving body in open session, without the vote of the official or employee making the disclosure.
(1992 Code, § 4.005)  (Ord. 99-2, passed 3-22-1999)