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29 <br />CONTRACTUAL CONFLICTS <br />Designating a bank or newspaper <br />Contracting for goods or services that are not competitively <br />bid <br />Several other minor exceptions <br />Disclose interest and abstain from discussions <br />Abstain from vote <br />Council must approve contract by unanimous vote <br />Additional requirements for most exceptions <br />What is it? <br />A personal financial interest in a contract with the City <br />Rule <br />Prohibited unless a statutory exception exists <br />Purpose <br />Protects public money <br />Exceptions <br />Procedure if a contractual contract exception exists <br />Bad press <br />Contract void <br />Gross misdemeanor <br />($3,000/one year <br />prison) <br />Penalties <br />NON-CONTRACTUAL SELFINTEREST CONFLICTS <br />City Manager will contact City attorney for analysis <br />Disclose interest and abstain from discussions <br />Abstain from vote <br />What is it? <br />A personal financial interest in a non-contractual decision <br />Rule <br />Self interest conflicts are prohibited, but the application of <br />the rule is very fact specific <br />Procedure <br />Bad press <br />Council decision can be <br />reversed <br />Personal liability <br />Penalties