(A) A city official or employee may not participate in a vote or decision on a matter affecting a person, entity, or property in which the official or employee has a substantial interest; in addition, a city official or employee who serves as a corporate officer or member of the board of directors of a nonprofit entity may not participate in a vote or decision regarding funding by or through the city of the entity. Where the interest of a city official or employee in the subject matter of a vote or decision is remote or incidental, the city official or employee may participate in the vote or decision and need not disclose the interest.
(B) Remote interest means an interest of a person or entity, including a city official or employee, who would be affected in the same way as the general public. The interest of a Council member in the property tax rate, general city fees, city utility charges, or in comprehensive zoning ordinance or similar decisions is incidental to the extent that the Council member would be affected in common with the general public.
(C) Incidental interest means an interest in a person, entity or property which is not a substantial interest and which has insignificant value.
(D) Disclosure of interest means the disclosure by any city official or employee of a remote interest or an incidental interest is not required, but such disclosure shall not bar that official or employee from participating in a vote or decision, if in fact the interest is remote or incidental.
(Ord. passed 6-16-92) Penalty, see § 2-224