Any City employee who has a financial interest, either directly as a sole owner, general or limited partner, an associate for business purposes or by ownership of stock in any corporation, or indirectly by reason of a member of the immediate family of the employee being a sole owner general or limited partner, an associate for business purposes or by ownership of stock in any corporation, in any contract with the City, or in the sale of any land, material, supplies or services to the City or to a contractor supplying the City, shall make known that interest and shall refrain from voting upon or otherwise participating in their capacity as a City employee in the making of such sale or in the making or performance of any contract. Any City employee who willfully conceals such a financial interest or willfully violates the requirements of this section shall be guilty of malfeasance in office or position and shall forfeit their office or position. Violation of this section with the knowledge express or implied of the person or corporation contracting with or making a sale to the City, shall render the contract or sale voidable by the Council.
Council shall provide by ordinance for all procedures necessary to implement and further define, as required, this Charter provision including but not limited to procedures for disclosures of interests and procedures for hearings of an officer or employee charged with a violation of this Charter provision.
(Added 11-4-80; 11-3-20.)