(a) No member of the City Council, or any officer or employee of the City who exercises any functions or responsibilities in connection with the carrying out of an urban renewal program of the City, shall, prior to its completion, voluntarily acquire any personal interest, direct or indirect, in any property which is part of any urban renewal area of the City or in any contract or proposed contract in connection with the undertaking of such program, provided, however, that this section shall not prohibit any such City personnel from acquiring a property in any urban renewal area as a residence for himself or herself and his or her immediate family.
(Ord. O76-124, passed 6-15-1976)
(b) No member of the City Council, or any officer or employee of the City who exercises any functions or responsibilities in connection with the carrying out of an urban renewal program and who presently or in the future owns, controls or involuntarily acquires any such personal interest, shall fail to immediately disclose such interest to the City Manager. Upon such disclosure, such person shall not participate in any action by the City affecting the undertaking of the program unless the City Council determines that, in the light of such personal interest, the participation of such person in any such action would not be contrary to the public interest.
(c) The City Manager shall promptly advise the U.S. Department of Housing and Urban Development concerning any disclosure of interest made pursuant to division (b) hereof.
(Ord. O75-194, passed 11-18-1975)