A. All city purchases and contracts shall be made solely for the public benefit of the city. In accordance with this policy:
1. A city officer or employee who has a direct or indirect financial interest in any bid or proposal for a city contract shall disclose that interest by filing a written notice of the interest with the clerk not less than 10 days before submission of the bid or proposal in which the officer or employee has an interest. The clerk shall post the written notice at the place maintained for the posting of public notices at City Hall.
2. No city officer or employee who has a direct or indirect financial interest in any bid or proposal for a city contract may participate in the city’s decision to award the contract.
3. No city officer or employee may solicit or receive any form of compensationfrom any party other than the city in connection with the awarding of a city contract.
B. A city officer or employee who wilfully violates subsection (A) of this section is guilty of malfeasance in office, and shall forfeit office with the city. A contract entered into in violation of subsection (A) of this section is voidable by the council. (Ord. 02-42 § 2, 2002)