(A) An elected or nonelected officer or employee of the city shall not intentionally participate in the discussion of, vote, or make a decision in his or her official capacity on any contractual matter, unless it is for the benefit and in the best interest of the city:
(1) In which the officer or employee, or any family member or business associate will derive a direct monetary gain or suffer a direct monetary loss as a result of the officer’s or employee’s vote or decision; or
(2) Which relates specifically to a business in which the officer or employee owns or controls an interest of $10,000 or more, or an interest of more than 5%.
(B) No officer or employee shall be deemed in violation of these provisions if, by reason of the officer’s or employee’s participation, vote, decision, or inaction, no monetary or material gain accrues to the officer or employee, a family member, or a business associate, as a member of any business, occupation, profession, or the group, to any greater extent that any gain could reasonably be expected to accrue to any other member of the business, occupation, professional, or other group.
(C) (1) Every elected on nonelected officer and employee who has a prohibited financial interest which he or she believes or has reason to believe may be affected by an official action taken within the scope of his or her employment, including any vote or decision, shall disclose the precise nature and value of the interest, in writing, to the governing body and the disclosure shall be entered on the official record of the proceedings of the governing body.
(2) The officer or employee shall refrain from taking any official action with respect the matter that is the subject of the disclosure.
(Ord. 94-24, passed 12-20-1994)