§ 404. Prohibition of financial interest.

A.

Disclosure. The Agent, or any officer or employee of the City shall disclose in writing a financial interest in any company or business submitting a bid for a purchase order or contract within the purview of this chapter. Such disclosure shall be filed with the City Clerk immediately upon the Agent, employee or officer having knowledge that a bid will be or has been submitted to the City. Such disclosure shall reference the company or business in which the financial interest exists and shall identify the bid submitted or to be submitted. Upon receipt, the City Clerk shall forward copies of all such disclosures to the Agent, or if the disclosure is from the Agent, the City Clerk shall forward copies of all such disclosures to the Director of Finance.

B.

Prohibition. No award shall be made to an individual, company or business in which the Agent, or any officer or employee of the City has a financial interest; provided, however, that, subject to the provisions of the Charter of the City of Tulsa, the Mayor, in any case where such disclosure has been filed, may after examination of all the facts and circumstances, award a purchase order or contract to such individual, company or business where the City will receive extraordinary benefits by virtue of such purchase order or contract. Under no circumstance shall an award be made to a company or business in which the Agent has a financial interest. Any contract or purchase order entered into in violation of this section is voidable by the City.

(Ord. No. 22529, § 1, 9-29-2011)