Agenda Packets - 1989/02/06 - Laserfiche WebLink

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2 TUE 2' .33 VTR ' city of MOund3 view, Kinne3Ota Management Report, page 27 statutes do not prohibit official's having an interest in busineasee which the City re that such relationships *contracts with, however, it does requioLEdisclosed ntialvendore d �St no bias is exercised in the contractual arrangement over other p Excerpts from applicable et a., es ere as follayso 471.87 P=1C OPPICEri , � T � �l Officar who is manner in making public sale, lease, or Except as authorized in any tion manner 14 In 'a, t p Per - authorized to take part in paY contract in his official capacity shall not voluntarily have ape sonal f!nan"-iai interest in that sale' least, or contract er who' sonally benefit interest'' therefrom. Every Public officer who ross isdemeanor. violates this provision is guilty of a gm 471.88 UCEP'rloxs, Subd. 1, Tna governing body of any port suthcrity, county, ty,O Port authority, town, sehoni district, hospior goers tal Qistrorservices with an city, by unanimous vote, may contract f governmental interested officer of the unit in any of the following cases• or cavin7s association Ste. 2, in the designation of t bankauthorized depository for in which the officer is interested is ah ion nation public funds and a; a source of borrowiof ng, nosrcrtthe !es shall apply to the deposit or borrowicg or-ternmental unit in any 1:s�lc of a depository by Ouch authority co or eevinae association in which a member of the authority such d#ed, officer of a governmental unit shall in aecordancevWith ch ptyre an t118�sgch depo- sited funds are prot :ted or savings however, shall that any member or officer having ouch an intezaat savings or C*40iea of the disclose that vhhiehadisclosurershall be entered upon the (aibemaniftes of association, auob disclosure shall be mods the authority or. governmental unit, designated as a when such bank or savings association is riwhen emember o= depository or as a source of borrowiag, eerie aeinotleetod o°°. euchhever is intereatlandrneed , indnot be madesuch witheaChl succ:3aive transactions ublica- Suyd, 3. The designation of tin°vhichathaQofEle^r ier ? tio,l of official matters therein, er complying with statutory only newspaa ,,blieatioa; interested whenIt is thements e designation to the designation or P or charter requi Subd. 4. A contract with a cooperative association of which the officer is a shareholder or atoc�hclder but not an officer or manager; Eubd• 5. 4 contract :oz which competitive bids are not required by law and where the amouht does not exceed ;5,000.