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Exception 4 permits any number of <br />contracts in any year as long as <br />any one does not involve more than <br />$5,000; exception 7 also permits any <br />number of contracts in any year but <br />applies an aggregate limlt of $5,000 a <br />year. <br /> <br /> d. Exception 4 applies to any city <br /> regardless of size; exception 7 applies <br /> only to cities of less 5,000 population. <br /> <br /> Thus if exception 4 applies, there is no need <br />to look to exception 7 even though the city has <br />fewer than 5,000 people. See Laws 1978, Ch. 651. <br /> <br /> Other limited exceptions apply to port <br />authorities and housing and redevelopment <br />~.uthorities. Since they are not of general interest, <br />~hey are not discussed here. <br /> <br /> Kinds of Contracts Affected <br /> <br /> 'The unlawful interest statutes apply to all <br />kinds of contracts - formal or informal, for goods <br />cr for services. A franchise is included within its <br />prohibitions. ($ingewald v. Minneapolis Gas Co., <br />274 Minn. 556,142 N.W. 2d 739, 1966.) Contracts <br />h0VO,Vmo real estate come within the scope of the <br />statutory prohibition (see A.G. Op. 90A-1, LMC <br />130d, Sept. 28, 1955), although 'such contracts <br />.~re ordinarily regarded as inherently different <br />from those invoJving goods which can be secured <br />substantially in duplicate, in kind, quality, and <br />price from several sources on the open market. <br />The statute applies not only where the city acts <br />a.s purchaser or payor but also where the city is <br />the seller or payee. (A.G. Op. 90A-1, LMC 130d, <br />April 14, 1960; A.G. Op. 90E-5, LMC 130d, <br />Aug. 30, 1949; A.G. Op. 416-B, LMC 130d, <br />,1 une 30, 1954.) <br /> <br /> Because it is sometimes'considered unreason- <br />able to deprive a city of a desirable piece of pro- <br />perty when the owner is a council member, a <br />third party transfer has occasionally been' resorted <br />to in order to effect a conveyance. In general, <br />the procedure then followed is to transfer the <br />land to a third person who records it in his name <br />and conveys it to the city -- the method often <br />employed for the transfer of real estate between <br />husband and wife. Such conveyances are, of <br />course, essentially circumventions of the statutes <br />and are invalid on this ground except in those <br /> <br />-3- <br /> instances where there has been a good faith trans- <br /> fer and it can be honestly said that the council <br /> member is not in any way financially interested in <br /> the sale of the property to the city. Where the <br /> third party device is used to capitalize upon <br /> knowledge gained as a public officer, the city <br /> may rescind in whole or may keep the property <br /> and require the officer to pay over to it his pro- <br /> fits from the transaction. It i~s immaterial that. <br /> the officer may not have affirmatively used his <br /> influence in favor of the decision to .buy the <br /> property or that the purchase price paid by the <br /> city was not excessive. (See~ City oflklinneapolis v. <br /> Canterbury, 122 Minn. 301,142 N.W. 812, 1913.) <br /> The preferable approach to this problem .is to use <br /> eminent domain procedures, at least to 'the point <br /> where the value of the property is est. ablishcd by <br /> Commissioners appointed by the Court. <br /> <br /> What is a Prohibited Interest ' .'.. -- - <br /> <br /> The general statute applying t~ all m.unici- .. <br /> palities (M,S. 471.87) applies whenever the-officer <br /> has a personal financial interest in the transaction ... <br /> or' personally .benefits financially from it. The <br /> Statutory City Code prohibits a council member <br /> from being ."directly or indirectly interested" ' <br /> in a contract made by the council. (M.S. 412.311.) '" <br /> Statutory provisions similar to the statutory code <br /> provision apply to counties and towns, and some'"'-' <br /> home rule cities have comparable provisions in <br /> their charters. Because other home rule cities ar~ <br /> subject only to M.S. 471.87 ff., the two provisions ~. ' <br /> are discussed separately in this section. P~esumably -. <br /> all types of interest in contracts affected by the <br /> general statute are included in the official interest · <br /> section of the statutory code, but the latter is. <br /> broader. -- <br /> <br /> When the statutory exceptions do not ·apply, <br /> paid employment of council members as employees ' ' <br /> of the municipal liquor store, superintendent of <br /> the waterworks system~ laborers on force account, <br /> street_ commissioner, city marshal, caretaker of the <br /> city hall, or in similar positions clearly involves. ' <br /> a prohibited interest and is banned by the unlaw- <br /> ful interest statutes. There are numerous rulings · <br /> of the Attorney General to this effect. Holding· -.- <br /> stock in a corporation which enters 'into a con- <br /> tract w~th the city involves an unlawful interest.." .. <br /> {A.G. Op. 90E-1, LMC 130d, May t2, 1976;. <br /> A.G. Op. 90A-3, Nov. 20, 1963.) A council mem- <br /> bet who isa subcontractor has an unlawful interest. .. <br /> (A.G. Op. 90A-1, LMC 130d, May 16, 1952.) <br /> A member of a governing body has a voluntary <br /> personal financial interest in a governmental <br /> contract with a court reporting firm when the ' <br /> · -member receives a percentage of the money '- <br /> received by associates in the firm for each re- <br /> porting job done under the agreement. (A.G. -~' <br />- Op.90b, LMC.130~, Aug. 8, 1969.) .... <br /> <br /> On the other hand, the 'Attorney General. ~" <br /> has ruled that if a council member is an employee. "' <br /> <br /> <br />