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HomeMy WebLinkAboutG79-08 Ordinance No. G79-08 rAN ORDINANCE l AMENDING CHAPTER 5.24 OF THE ELGIN MUNICIPAL CODE 1976, AS AMENDED, ENTITLED "PECUNIARY INTEREST IN CONTRACTS" BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ELGIN, ILLINOIS: Section 1. That Section 5.24.020 of the Elgin Municipal Code entitled "Prohibitions Regarding Former Officers or Employees" be and is hereby further amended by amending subparagraph A thererof to read as follows: "A. The prohibitions regarding pecuniary interests in contracts,an interest in the sale of any article or an interest in the purchase of any property as provided for in this chapter shall also apply to all city officers and full-time employees and the members of the immediate families of city officers and full-time employees for a period of one year from the date of termination of service or employment with the city. Notwithstanding the foregoing, such one year prohibition shall not apply to any former city officers or full-time employees and the members of the immediate families of city officers and full-time employees when the city officer or full-time employee was involuntarily separated from employment with the city while in good standing,such former city officer or full-time employee is an employee of a company or owns or holds an interest of one percent(1%)or less in the former city officer's or employee's individual name in a company, or both, and such former city officer or employee refrains from participating in the negotiation of any new contracts with the city for the period of one year from the date of termination or service or employment with the city." Section 2. That all ordinances or parts of ordinances in conflict with the provisions of this ordinance be and are hereby repealed. Section 3. That this ordinance shall be in full force and effect immediately after its passage and publication in the manner provided by law. Ed Schock, Mayor Presented: December 3, 2008 Passed: December 3, 2008 Omnibus Vote: Yeas: 6 Nays: 0 Recorded: December 4, 2008 Published: December 5, 2008 Attest: Diane Robertson, City rk