(A) Pursuant to KRS 99.730, no member of the Review Commission or officer or employee of the City Commission who in the course of his or her duties is required in any way to participate in the determination of property blight or deterioration or the issuance of notices of code violations which might lead to a determination of blight or deterioration, shall acquire any interest in any property which has been declared to be blighted or deteriorated by the Review Commission.
(B) If any such member, officer or employee owns or has a financial interest, direct or indirect, in any property at the time it is certified to be blighted or deteriorated by the Review Commission, he or she shall immediately disclose, in writing, such interest to the Review Commission and to the City Commission and such disclosure shall be entered in the minutes of the Review Commission and Council. Failure to so disclose such interest shall constitute misconduct. No payment shall be made to any member, officer or employee for any property or interest therein acquired by the city from such member, officer or employee unless the amount of such payment is fixed by court order in eminent domain proceedings or unless payment is unanimously approved by the Council.
(Ord. 2009-07, passed 6-23-09)