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an economic interest in the property of the organization. Ownership of an interest in a <br />mutual or common investment fund that holds securities or other assets is not an economic <br />interest in the securities or other assets unless the person in question participates in the <br />management of the fund. <br />Employee means any person employed by the city, whether under civil service regulations <br />or not, including those individuals on a part-time basis, but not including any independent <br />contractor. <br />Immediate family members means the spouse, children, brothers, sisters, and parents <br />(including any such step- or half- relations) of an officer or employee. <br />Officer or official means the mayor or any member of the city council and any appointive <br />member of a city board, commission or committee established by ordinance, charter or <br />state law. <br />Section 3. Prohibition against involvement in actions affecting economic interests. <br />(A)General rule. It shall be a violation of this policy for a city official or employee to <br />participate in any proceedings or take any official action that he or she knows is likely <br />to: <br />(1)Affect an economic interest of: <br />(a)The official or employee; <br />(b)His or her immediate family member; <br />(c)Amember of his or her household; <br />(d)An outside employer of the official or employee or of his or her immediate <br />family member; <br />(e)A business entity in which the official or employee or his or her immediate <br />family member holds an economic interest; <br />(f)A business entity for which the city official or employee serves as an <br />employee, officer or director, or otherwise functions in any policy making <br />position; or <br />(g)A person or business entity from whom the official or employee, or his or her <br />immediate family member, has solicited, received and not rejected, or accepted <br />an offer of employment within the past twelve months; or <br />(2)Confer a benefit on the official or employee, or deprive the official or employee of <br />a benefit, where the effect of the action on the official or employee is <br />distinguishable from the effect of the action on other employees or officials, <br />members of the public in general or a substantial segment of the public. <br />(B)Meaning of "affect". <br />(1)In subsection (a)(l) above, an action is likely to affect an official's or employee's <br />economic interest if it meets all of the following: <br />(a)The action is likely to have an effect on that interest, either positive or negative, <br />that is distinguishable from its effect on other employees or officials, members <br />of the public in general or a substantial segment of the public. <br />(b)The effect of the action on that interest is direct, and not secondary or indirect. <br />10 <br /> <br />