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(a) No officer or employee of the city shall knowingly have a financial interest clearly separate from that of the general public in any contract, transaction, zoning decision or other matter which is subject to an official act or services from the city. This provision shall not apply if the interested officer or employee discloses by written communication to his or her immediate supervisor, director and the appropriate elected official(s) and they reply with unanimous consent to the financial interest or if the person serves on a lay board and discloses to the city council the full nature and extent of that interest and disqualifies and/or removes himself or herself from consideration or future participation in the matter in any respect.
(b) The foregoing conflict of interest prohibition shall not apply if an interested officer or employee does not or will not act in the regular course of his or her duties and responsibilities, directly or indirectly, for the city as to inspection, any related performance issues or any operational oversight or work with the matter in question. Also, this prohibition may not apply if the interested officer or employee is an employee of a business involved in the matter in question and the officer or employee has no ownership interest in the matter and will not receive a fee or compensation related thereto.
(1992 Code, § 12.5-16) (Ord. 24-09, passed 3-16-2009) Penalty, see § 35.999