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<br />. <br /> <br />. <br /> <br />. <br /> <br />EXHIBIT D <br /> <br />MEMORANDUM <br /> <br /> <br />LARKIN, HOFFMAN, DALY & LINDGREN, LTD. <br /> <br />Attorneys at Law <br />1500 Norwest Financial Center <br />7900 Xerxes Avenue South <br />Bloomington, Minnesota 55431 <br />Telephone: (612) 835-3800 <br />FAX: (612) 896-3333 <br /> <br />TO: <br /> <br />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 /> <br />Peter Beck, City Attorney <br /> <br />, 1994 <br /> <br />City of Elk River Conflict of Interest Policy <br /> <br />FROM: <br />DATE: <br /> <br />RE: <br /> <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 /> <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 /> <br />Contracts <br /> <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 /> <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 />