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• Develop a watered-down Report that is less detailed, and, <br /> perhaps coded (i.e. XYZ Company, or, Prospect 1994-101); <br /> this item could continue as a regular agenda item so long as <br /> it is not stamped "confidential" and is included in the extra <br /> agenda packet; <br /> • Submit a detailed Prospect Status Report at, say, mid- <br /> month; EDA Commissioners having questions about the <br /> contents could contact the staff liaison; If specific questions <br /> come up at a regular EDA meeting, this information has to <br /> be made available in the meeting room for inspection by the <br /> public. <br /> • Develop a watered-down Report which is distributed at mid- <br /> month and is not discussed at a regular EDA meeting. <br /> If Commissioners continue to believe that a conflict of interest exists <br /> due to President Gongoll's receipt of a Report, then the last option is <br /> perhaps the way to continue the distribution of prospect updates. <br /> However, President Gongoll's receipt of a Prospect Status Report is not <br /> a conflict of interest so long as the general public has access to it as <br /> • well. The balance of Mr. Beck's opinion expands beyond the Prospect <br /> Status Report and includes the City's Conflict of Interest Ordinance <br /> and the State's Conflict of Interest Statutes. <br /> State Conflict of Interest Statutes - The State law prohibits an EDA <br /> Commissioner from having a "financial interest" in a sale, lease, <br /> contract, proposed contract, or project of the EDA. Depending on <br /> President Gongoll's ownership interest in Riverside Development or <br /> any of its subsidiaries, or, if President Gongoll's compensation is not <br /> dependent upon the outcome of his employers dealings with the City, <br /> Mr. Beck concludes that President Gongoll would not have a financial <br /> interest sufficient to cause a violation of the State Conflict of Interest <br /> Statutes. Mr. Beck's conclusions would be different if President <br /> Gongoll has an ownership interest in Riverside or any of its <br /> subsidiaries and/or if President Gongoll's compensation is dependent <br /> upon the outcome of Riverside's dealings with the City/EDA. <br /> City Conflict of Interest Ordinance - City Attorney Beck outlined five <br /> situations which he believes may affect President Gongoll as it relates <br /> to the City's Conflict of Interest Ordinance. A recommendation and/or <br /> a summary follows each illustration. A specific recommendation from <br /> • Mr. Beck concerning these illustrations is that President Gongoll not <br /> represent Riverside, or any of its subsidiary entities in any matter <br />