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director, trustee, staff member, or partner of any other party to the transaction or party <br />affected by the action. <br />Conflicts involving more immediate relatives should generally be subject to a higher level of <br />scrutiny by the City than those involving relatives who are more distantly related. However, <br />removed, although each situation involves individual circumstances to be weighed by the City <br />Council and City Administrator. <br />Tier 3 -- Potential conflict or the appearance/perception of conflict: Eelected official, <br />appointed commissioners and staff members should follow the disclosure procedures outlined ine€ <br />this policy when the interests or concerns of any elected official, appointed commissioner, or staff <br />member, or of any of those individual's relativestheir relatives, or any other individual group or <br />organization to which such person has allegiance, may reasonably be seen by a third party as <br />competing with the interests or concerns of the City, or when ; that conflicting duties or loyalties <br />exist. <br />For purposes of this pgolicy, the term `relative" includes all of the following individuals: spouses, <br />-parents, children, children's spouses, siblings, spouses of siblings, aunts, uncles, first cousins, <br />step-parents,. and step -children. <br />For purposes of this pgolicy, a "material financial interest" exists when an individual or their <br />relative has rights (whether or not yet vested) to be paid compensation, employee or retiree <br />benefits, dividends, or profit-sharing, or to have their expenses reimbursed,-er-obligations repaid, <br />or other liabilities repaid, etc satisfied. The term is intended to include any and all remunerative <br />expectations. <br />The City's elected officials, appointed commissioners, staff, and consultants; shall neither solicit <br />nor accept gratuities, favors, or anything of monetary value from contractors, donors, grantees, or <br />parties to sub -agreements, with the exception that unsolicited gifts — -such as trinkets or <br />mementos costing $5.00 or less, not given regularly_ may be accepted. <br />When there is any doubt as to whether a conflict exists, either pursuant to this pPolicy or under <br />applicable law, the matter shall be resolved by the City Attorney. <br />All local officials, as defined m Minnesota law, must comply with Minnesota law regarding the <br />receipt of gifts. <br />PROCEDURE WHEN APPOINTED OFFICIALS HAVE CONFLICT roccdurc Whet W eW�•en <br />When conflicts arise, the interested appointed official must: <br />1. Prepare a written statement or make a verbal announcement at the applicable public <br />meeting, describing the matter requiring action or decision and the nature of the potential <br />conflict of interest. <br />631Page <br />