Sec. 2-45Prohibited contracts

The city shall not enter into any contract involving services or property with a member of the governing authority or with a business in which a member of the governing authority has an interest; provided, however, this subparagraph shall not apply in the following cases:

(1) The designation of a bank or trust company as a depository for city funds;

(2) The borrowing of funds from any bank or lending institution which offers the lowest available rate of interest in the community for such loan;

(3) Contracts entered into in accordance with the Official Code of Georgia Annotated § 16-10-6;

(4) Contracts entered into under circumstances that constitute an emergency situation, provided that the mayor prepares a written record explaining the emergency;

(5) Contracts entered into with a member of the governing authority, or with a business in which a member of the governing authority has an interest, provided that such contract is the result of a competitive bid, disclosure of the nature of such member's interest is made prior to the time any bid is submitted, and a waiver of the prohibition contemplated by this section is issued by the city manager following disclosure.

History: (Ord. No. 04-05, § 1, 5-6-2004)