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(1) Any relative of the officer, public body member, or employee; or
<br />(2) Any business entity in which the officer, public body member, or employee is an
<br />officer, director, employee, partner, principal, member, or owner (other than stockholder);
<br />(3) Any business entity in which the officer, public body member, or employee owns or
<br />controls shares of stock, or any beneficial interest in shares of stock, the aggregate amount of which
<br />constitutes more than one (1) percent of the shares of stock of the business entity then outstanding; or
<br />(4) Any business entity in which the officer is an officer, director, employee, partner,
<br />principal, member, or owner (other than stockholder), where the business entity is seeking to advance its
<br />financial benefit through an official action of the City, if the officer would be directly or indirectly involved in
<br />making the decision.
<br />(b) For purposes of the Code of Ethics, participation in a stock mutual fund shall not be
<br />considered an interest in any business entity in which the mutual fund owns or controls shares of stock.
<br />(c) For purposes of the Code of Ethics, the parties to a domestic partnership shall be treated as
<br />the equivalent of spouses, and the domestic partnership shall be treated as the equivalent of marriage.
<br />(d) For purposes of the Code of Ethics, an officer shall be deemed to continue to have an interest
<br />in a business entity for a period of one (1) year after the officer's actual interest has ceased.
<br />Section 5 -9. Code of Ethics - Standards.
<br />(a) The following requirements shall constitute reasonable standards and guidelines for the
<br />ethical conduct of officers, public body members, and employees.
<br />(b) No officer, public body member, or employee who has the power or duty to perform, or has
<br />any influence over, an official action related to a contract, shall:
<br />(1) Have or acquire an interest in a contract between a business entity and the City,
<br />unless the City's procedures applicable to the solicitation and acceptance of such contract are followed and
<br />unless the officer, public body member, or employee has complied with the provisions of Section 5 -10;
<br />(2) Have an interest in any business entity which is a party to the contract with the City,
<br />unless the officer, public body member, or employee has complied with the provisions of Section 5 -10;
<br />(3) Represent or appear before the City Council, any public body, or any other officer,
<br />public body member, or employee, on behalf of any business entity which is a party to the contract with the
<br />City;
<br />(4) Have solicited or accepted present or future employment with any business entity
<br />which is a party to a contract with the City, if the offer or acceptance of such employment is related to or
<br />results from any official action performed by the officer, public body member, or employee with regard to the
<br />contract; or
<br />(5) Solicit, accept, or be granted a present or future gift, favor, discount, service or thing
<br />of value from or for any person involved in the contract. Nothing in this paragraph shall prohibit any officer,
<br />public body member, or employee from accepting an occasional nonpecuniary gift of fifteen dollars ($15.00)
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