260.02   CONFLICTS OF INTEREST.
      A conflict of interest exists for any Franklin Village official, whether elected, appointed or employed, who might derive direct or indirect economic benefits from official actions, decisions or recommendations made by that person on behalf of the Village of Franklin, or in situations where any Village official might derive direct or indirect economic benefit from any business relationship with any Village petitioners, vendors or contractors.
      A conflict of interest shall exist in any situation wherein a Village of Franklin consultant or contractor might represent any person, firm or corporation wherein the best interests of the Village of Franklin are negatively affected, undermined or diminished, or wherein such consultants might derive direct or indirect pecuniary benefits from outside parties because of recommendations or actions taken by that consultant in an official Village capacity.
      If the Franklin Village Council finds that a conflict of interest exists in relation to any  Village consultant or contractor, that finding may be utilized as a basis for cancellation of any and all contractual relationships between the Village of Franklin and the consultant or contractor.
      It shall be the active obligation of any Franklin Village official, whether elected, appointed or employed, and any Village of Franklin consultant or contractor, to immediately disclose to the Franklin Village Council any potential or actual conflicts of interests as they arise or exist.
      A finding by the Franklin Village Council of a conflict of interest in relation to any Franklin Village official, whether elected, appointed or employed, may be utilized in any pertinent removal process from office of that official as authorized by ordinance or statute governing the particular official's position.
      Any Franklin Village official, consultant or contractor shall be required to file the following annual conflict of interest form, which form may from time to time be amended by Council by resolution:
   ECONOMIC INTEREST DISCLOSURE FORM - I (VILLAGE OFFICIALS)
I am submitting the following information in accordance with the Village of Franklin's policy concerning conflict of interest.
1)   
   Name
2)   
   Position (elected/appointed Village official/employee)
3)   YES______   NO______ I or a family member directly or indirectly owns, controls, or holds a significant economic interest in any real property within the Village of Franklin.  Listed below is the location of such property, ownership and degree of financial interest.
4)   YES______   NO______ I have or a family member has a direct or indirect financial interest in or receives any remuneration from any institution or business working for the Village of Franklin.  If such a relationship exists, the institution's name is listed below as is the nature of such financial interest.
5)   YES______   NO______ I or a family member did receive directly or indirectly during the past twelve months, gifts or loans from venders or businesses working for the Village of Franklin.  If I or a family member did receive a gift or loan, I have listed below the gift or loan and its approximate value.
6)   I have read the Village of Franklin's policy regarding conflict of interest and am in compliance with the policy except as specifically set forth in this memo.
         Signature                              Date
   ECONOMIC INTEREST DISCLOSURE FORM - II (CONSULTANTS, CONTRACTORS)
I am submitting the following information in accordance with the Village of Franklin's policy concerning conflict of interest.
1)   
   Name
2)   
   Position (Consultant, Contractor)
3)   
   Company Represented
4)   I have no organizational conflicts, i.e. acting on behalf of the Village of Franklin but not also representing the same petitioner in another project.
5)   Neither I nor my organization is seeking future business with a petitioner to the Village of Franklin.
6)   I have read the Village of Franklin's policy regarding conflict of interest and am in compliance with the policy except as specifically explained in this memo.
Signature of Consultant/Contractor                  Date
Signature/Position of Firm Officer                   Date