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No member of any city board or commission shall be financially interested in, or a party to, any contract entered into by the city. This section shall not apply to remote interests, or other exempt interests, as defined in Government Code Sections 1090, et seq. or as otherwise determined by the city attorney, provided that such interest is disclosed and the member refrains from participating in any action relating to the contract.
(Ord. 4347 § 1, 1996)