Any city official, who in the discharge of his official duties would be required to take an action or make a decision that would affect directly or indirectly his financial interests, or those of a member of his household, or a business with which he is associated, or who shall have any interest, directly or indirectly, in any contract or matter pending before or within any department, commission, board or council of the city, shall:
A. If an official, other than an appointed or elected member of a commission, board or council, verbally disclose such interest to the mayor (or if such official is the mayor, then to the city council), who may require the assignment of the matter creating the conflict to another official of the same department of the city who does not have a conflict of interest, or determine such conflict de minimus.
B. If an appointed or elected member of a commission, board or council, disclose such interest on the records of said commission, board or council and shall disqualify himself from participating in any decision or vote relating thereto, unless following such disclosure a majority of the remaining members of such commission, board or council determined by official action at a public meeting of such commission, board or council that such conflict of interest is de minimus. (2003 Code § 1-21-04)