§ 36.13 INTEREST IN CONTRACTS.

   (A)   Subject to division (B), no elected official or employee shall knowingly have a financial interest in a contract made by the city.

   (B)   The prohibition in division (A) does not apply to:

      (1)   An elected official or employee who does not participate in or have official responsibility for any of the activities for approving contracting agency, if:

         (a)   The contract is made after public notice or, where applicable, through competitive bidding;

         (b)   The elected official or employee files with the contracting municipal board a statement making full disclosure of all related financial interests in the contract; and

         (c)   The contract can be performed without compromising the performance of the official duties and responsibilities of the elected official or employee; or

      (2)   An elected official or employee who, acting in good faith, learns of an actual or prospective violation of the prohibition in division (A), if, not later than 30 days after learning of the actual or prospective violation, the elected official or employee:

         (a)   Makes a full written disclosure of any financial interests to contracting municipal board; and

         (b)   Terminates or disposes of the financial interest.

(Ord. 2016-7, passed 5-16-16)