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Sec. 2.425. Contracts with city; eligibility for appointment or election to office. <br /> (a) No member of the city council and no city employee shall have a financial interest in the <br /> sale to the city of any land, materials, supplies or service, outside of the person's position <br /> with the city. Any person having an interest shall be ineligible for election as a city council <br /> member or appointment as a city employee, and any city council member or city employee <br /> who acquires an interest shall forfeit the office or employment. Any violation of this <br /> subsection with the actual or constructive knowledge of the city council member or employee <br /> shall render the contract voidable by the city manager or the city council. <br /> (b) In subsection (a) of this section and in subsection 2.425(c), the term "sale to the city" <br /> includes a sale to city-sponsored entities and organizations subject to substantial control by <br /> the city in one or more of the following respects: <br /> (1) All or a majority of the governing body of the entity or organization is appointed by <br /> the city council; <br /> (2) The city provides more than one-half of the operating funds of the entity or <br /> organization; <br /> (3) The city has approval authority over purchasing decisions made by the entity or <br /> organization; <br /> (4) The city has approval authority over bonds or other indebtedness issued by the entity <br /> or organization; or <br /> (5) The city has approval authority over the budget of the organization. <br /> (c) This section does not apply to acquisition of property by the city as a result of eminent <br /> domain proceedings or the threat of eminent domain proceedings. <br /> Sec. 2.426. Restrictions on former employees. <br /> (a) No former city employee shall, for a period of one year two years from the date of leaving <br /> city employment, knowingly: <br /> (1) Appear at a meeting of a board or commission staffed by members of the department <br /> of which the employee was a member, as a representative for any private person, including <br /> the employee or any immediate family member, or any group or interest. <br /> (2) Represent, directly or indirectly, any private person, including the former employee <br /> or any immediate family member, or any group or interest in any action or proceeding <br /> against the interests of the city or in any litigation in which the city or any department, <br /> agency, commission or board thereof is a party. <br />