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(A) No officer or employee of the city or any agency shall directly or through others undertake, execute, hold or enjoy, in whole or in part, any contract made, entered into, awarded or granted by the city or a city agency, except as follows.
(1) The prohibition in this division (A) shall not apply to contracts entered into before an elected officer filed as a candidate for a city office, before an appointed officer filed as a candidate for a city office, before an appointed officer was appointed to a city or agency office, or before an employee was hired by the city or a city agency. However, if any contract was entered into by the city before the contractor was hired as an employee, and the contract is renewable after he or she becomes a candidate, assumes the appointed office, or is hired as an employee, then the prohibition in division (A) above shall apply to the renewal of the contract.
(2) The prohibition in this division (A) shall not apply if the contract is awarded after public notice and competitive bidding, unless the officer or employee is authorized to participate in establishing the contract specifications of the contract, or managing contract performance after the contract is awarded. If the officer or employee has any of the authorities set forth in the preceding sentence, then the officer or employee shall have no interest in the contract, unless the requirements set forth in division (A)(3) below are satisfied.
(3) The prohibition of this division (A) shall not apply in any case where the following requirements are satisfied.
(a) The specific nature of the contract transaction and the nature of the officer’s or employee’s interest in the contract are publicly disclosed at a meeting of the governing body of the city or city agency.
(b) The disclosure is made a part of the official record of the governing body of the city or city agency before the contract is executed.
(c) A finding is made by the governing body of the city or city agency that the contract with the officer or employee is in the best interests of the public and the city agency because of price, limited supply or other specific reasons.
(d) A finding is made a part of the official record of the governing body of the city or city agency before the contract is executed.
(B) Any violation of this section shall constitute a Class A misdemeanor and, upon conviction, the court may void any contract entered into as violation of this section. Additionally, a violation of this section shall be grounds for removal from office or employment with the city in accordance with any applicable provisions of state law and ordinances, rules or regulations of the city.
(1993 Code, § 2.02.060) (Ord. 96-08-01, passed - -) Penalty, see § 32.99