Common use of Business Relationships with Elected Officials Clause in Contracts

Business Relationships with Elected Officials. Pursuant to section 2-156-030(b) of the Municipal Code, it is illegal for any elected official of the City, or any person acting at the direction of such official, to contact, either orally or in writing, any other city official or employee with respect to any matter involving any person with whom the elected official has a business relationship, or to participate in any discussion in any city council committee hearing or in any city council meeting or to vote on any matter involving the person with whom an elected official has a business relationship. Violation of §0- 000-000(b) by any elected official with respect to this Agreement is grounds for termination of this Agreement. Section 0-000-000 defines a “business relationship” as any contractual or other private business dealing of an official, or his or her spouse, or of any entity in which an official or his or her spouse has a financial interest, with a person or entity which entitles an official to compensation or payment in the amount of $2,500 or more in a calendar year; provided, however, a financial interest will not include: (i) any ownership through purchase at fair market value or inheritance of less than one percent of the share of a corporation, or any corporate subsidiary, parent or affiliate thereof, regardless of the value of or dividends on such shares, if such shares are registered on a securities exchange pursuant to the Securities Exchange Act of 1934, as amended; (ii) the authorized compensation paid to an official or employee for his office or employment; (iii) any economic benefit provided equally to all residents of the city; (iv) a time or demand deposit in a financial institution; or (v) an endowment or insurance policy or annuity contract purchased from an insurance company. A “contractual or other private business dealing” will not include any employment relationship of an official’s spouse with, an entity when such spouse has no discretion concerning or input relating to the relationship between that entity and the city.

Business Relationships with Elected Officials. Pursuant to section Under Section 2-156-030(b) of the Municipal Code, it is illegal for any elected official of the City, or any person acting at the direction of such official, to contact, either orally or in writing, any other city City official or employee with respect to any matter involving any person with whom the elected official has a business relationship, or to participate in any discussion in any city council City Council committee hearing or in any city council City Council meeting or to vote on any matter involving the person with whom an elected official has a business relationship. Violation of §0- 000Section 2-000(b156-030(b) by any elected official with respect to this Agreement is grounds for termination of this Agreement. Section 0-000-000 defines a “business relationship” as any contractual or other private business dealing of an official, or his or her spousespouse or domestic partner, or of any entity in which an official or his or her spouse or domestic partner has a financial interest, with a person or entity which entitles an official to compensation or payment in the amount of $2,500 or more in a calendar year; provided, however, a financial interest will shall not include: (i) any ownership through purchase at fair market value or inheritance of less than one percent of the share of a corporation, or any corporate subsidiary, parent or affiliate thereof, regardless of the value of or dividends on such shares, if such shares are registered on a securities exchange pursuant to the Securities Exchange Act of 1934, as amended; (ii) the authorized compensation paid to an official or employee for his office or employment; (iii) any economic benefit provided equally to all residents of the cityCity; (iv) a time or demand deposit in a financial institution; or (v) an endowment or insurance policy or annuity contract purchased from an insurance company. A “contractual or other private business dealing” will shall not include any employment relationship of an official’s spouse with, or domestic partner with an entity when such spouse or domestic partner has no discretion concerning or input relating to the relationship between that entity and the cityCity.

Business Relationships with Elected Officials. Pursuant to section ' 2-156-030(b) of the Municipal CodeCode , it is illegal for any elected official of the City, or any person acting at the direction of such official, to contact, either orally or in writing, any other city City official or employee with respect to any matter involving any person with whom the elected official has a business relationship, or to participate in any discussion in any city council City Council committee hearing or in any city council City Council meeting or to vote on any matter involving the person with whom an elected official has a business relationship. Violation of §0- 000Section 2-000(b156-030(b) by any elected official with respect to this Agreement is grounds for termination of this Agreement. The term business relationship is defined as set forth in ' 0-000-000 of the Municipal Code. Section 0-000-000 defines a “"business relationship” " as any contractual or other private business dealing of an official, or his or her spouse, or of any entity in which an official or his or her spouse has a financial interest, with a person or entity which entitles an official to compensation or payment in the amount of $2,500 or more in a calendar year; provided, however, a financial interest will shall not include: (i) any ownership through purchase at fair market value or inheritance of less than one percent of the share of a corporation, or any corporate subsidiary, parent or affiliate thereof, regardless of the value of or dividends on such shares, if such shares are registered on a securities exchange pursuant to the Securities Exchange Act of 1934, as amended; (ii) the authorized compensation paid to an official or employee for his office or employment; (iii) any economic benefit provided equally to all residents of the cityCity; (iv) a time or demand deposit in a financial institution; or (v) an endowment or insurance policy or annuity contract purchased from an insurance company. A “contractual Acontractual or other private business dealing” will dealing@ shall not include any employment relationship of an official’s =s spouse with, with an entity when such spouse has no discretion concerning or input relating to the relationship between that entity and the cityCity.