(A) No elected official or other official or employee, whether paid or unpaid, shall engage in any business or transaction or shall have a financial or other personal interest, direct or indirect, which is incompatible with the proper discharge of his or her official duties in the public interest or would tend to impair his or her independence of judgement or action in the performance of his or her official duties. Personal, as distinguished from financial, interest includes an interest arising from blood or marriage relationships or close business association.
(B) The following are hereby designated as constituting conflicts of interest:
(1) Engaging in or accepting private employment or rendering services for private interests when such employment or service is incompatible with the proper discharge of official duties or would tend to impair independence of judgement or action in performance of official duties;
(2) Appear on behalf of private interests before any agency of the village excepting without compensation and only in the course of duties as a representative of the electorate or in the performance of public or civic obligations; and/or
(3) Failing to disclose the full nature and extent of a substantial or controlling financial interest in or any substantial dealings as a debtor, creditor or otherwise in connection with any business entity contracting with the village for the sale of real estate, materials, supplies or services. Such official, with or without such disclosure, shall refrain from voting upon or otherwise participating in any such transaction, contract or sale.
(Prior Code, § 32.016)