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EXHIBIT D <br /> MEMORANDUM -_ - <br /> LARKIN, HOFFMAN,DALY& LINDGREN,LTD. <br /> • .414t <br /> 0././100 <br /> Attorneys at Law <br /> hr •i?t=, ',4 .• 1500 Norwest Financial Center <br /> ." .�;��r F 7900 Xerxes Avenue South <br /> .tj <br /> Bloominton, Minnesota 55431 <br /> 1 y" •`; i`! % Telephone: (612 833-3800 <br /> FAX: (612) 896-3333 <br /> TO: Mayor Henry A. Duitsman <br /> Members of the City Council <br /> Members of the Economic Development Authority <br /> Members of the Housing and Redevelopment Authority <br /> Members of the Planning Commission <br /> Members of the Park and Recreation Commission <br /> Elk River Municipal Utility Commissioners <br /> City of Elk River Department Heads <br /> FROM: Peter Beck, City Attorney <br /> DATE: , 1994 <br /> RE: City of Elk River Conflict of Interest Policy <br /> Attached for your review are copies of Section 218 . 08 (9) of the <br /> Elk River Code of Ordinances and Minnesota Statutes Sections <br /> 471 . 87-471. 895 . These ordinance and statutory provisions set <br /> forth the conflict of interest standards applicable in the City <br /> of Elk River. <br /> • The City of Elk River' s policy is to enforce the state conflict <br /> of interest laws applicable to municipal officials, and to apply <br /> a similar standard to all City of Elk River officials and <br /> employees . Following is a summary of the applicable state laws <br /> and the City' s ordinance. <br /> Contracts <br /> Minnesota Statutes Section 471. 87 prohibits any public official <br /> who is authorized to take part in the making of a sale, lease, or <br /> contract to voluntarily have a personal financial interest in the <br /> transaction or to personally benefit financially from it . <br /> Violation of this prohibition is a gross misdemeanor. <br /> This statute applies to all kinds of contracts, formal or <br /> informal, for goods, real estate or services, whether the City is <br /> the buyer or seller. This statute applies only to persons <br /> authorized to take part in the making of contracts. In Elk <br /> River, this would include members of the City Council, the EDA, <br /> the HRA and Elk River Municipal Utilities, because each of these <br /> • <br /> ZT 'd ZEST t'66i 'ZT '60 S9Z2968-Z19 N32194NI1 Alda NdWdJOH NI)t d1 WObd <br />