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218.06-Pay Resolution and Compensation Plan The City Council shall adopt and amend, from time to time, a Pay Resolution and Compensation Plan, in accordance with federal and state laws. , 218.08-Indemnificati on The City shall defend and indemnify its officers and employees for damages claimed or levied against them, to the extent required by state law. Section 2. The City of Elk River Code of Ordinances is hereby amended to add thereto new Section 220, as follows: Section 220-Conflict of Interest. 220.00-Policy The credibility of the local government rests heavily upon the confidence which citizens have in public officials and employees to render fair and impartial services to all citizens without regard to personal interest and/or political influence. Thus, City officials and employees must scrupulously avoid any activity which suggest a conflict of interest between their private interests and City responsibilities. Officials and employees of the City, or their family members, shall not engage or have financial interest in any business or other activity which could reasonably lead to a conflict of interest with the official's or employee's primary City responsibilities. "Family members" of an official or employee shall be deemed to be the official or employee's spouse, parents, children, siblings, father-in-law, mother-in-law, brothers -in-law, and sisters-in-law and the lineal descendants of any of them. Examples of activities which are not in accordance with this policy include, but are not limited to, the following: 1. Entering into any sale, lease or contract in violation of Minnesota Statutes, Section 471.87-471.89; 2. Acceptance by a local official of any gift from an interested person in violation of Minnesota Statutes, Section 471.895; o Activities which require the official or employee to interpret City codes, ordinances, or regulations which such activity involves matters with which the official or employee has business and/or family ties;