[Code 1983; CC 2000 §1-110]
A.
No
City Officer or employee shall be signatory upon, discuss in an official
capacity, vote on any issue concerning or otherwise participate in
his/her capacity as a public official or employee in the making of
any contract with any person or business:
1.
If an individual or an individual's spouse, either individually or
collectively, has owned within the preceding twelve (12) months a
legal or equitable interest exceeding five thousand dollars ($5,000.00)
or five percent (5%) of any business, whichever is less, the individual
has a substantial interest in that business.
2.
If an individual or an individual's spouse, either individually or
collectively, has received during the preceding calendar year compensation
which is or will be required to be included as taxable income on Federal
income tax returns of the individual and spouse in an aggregate amount
of two thousand dollars ($2,000.00) from any business or combination
of businesses, the individual has a substantial interest in that business
or combination of businesses.
3.
If an individual or an individual's spouse holds the position of
officer, director, associate, partner or proprietor of any business,
other than an organization exempt from Federal taxation of corporations
under Section 501(c)(3), (4), (6), (7), (8), (10) or (19) of Chapter
26 of the United States Code, the individual has a substantial interest
in that business, irrespective of the amount of compensation received
by the individual or individual's spouse.
