New Franklin Conflict of Interest ordinance (§ 130.040)

No officer or employee of the City, or any firm or business entity of which he/she is an officer, agent or member, or the owner of a substantial interest shall perform any services for the City for the receipt of compensation in excess of five hundred dollars ($500.00) per year, other than the compensation provided for the performance of his/her official duties, except on a transaction made pursuant to an award on a contract let or a sale made after public notice and competitive bidding, provided that the bid or offer is the lowest received, nor shall he/she or any firm or business entity of which he/she is an officer, agent or member, or the owner of a substantial interest sell, rent or lease any property to the City for consideration in excess of five hundred dollars ($500.00) per year unless the transaction is made pursuant to an award on a contract let or a sale made after public notice and in case of property other than real property, competitive bidding, provided that the bid or offer accepted is the lowest received; nor shall he/she make any personal investments in any enterprise which will create a substantial conflict between his/her private interest and the public interest.