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Resolution No. 8593 Page 3 specific ethical considerations are enumerated below for the guidance of public officials, but these do not necessarily encompass all the possible ethical considerations that might arise. a. other Offices or Emplovment. An elected public official shall not hold another incompatible office as that term has been interpreted from time to time by statute, the courts, and by the Attorney General. Employed public officials shall not hold such incompatible office nor shall they engage in any regular outside emploYment without notice to and approval by the city council, in the case of the City Manager, and the City Manager in the case of other employed public officials. Elected and appointed public officials shall not hold other office or emploYment which compromises the perfor- mance of their elected or appointed duties without dis- closure of said office or emploYment and self disqualifi- cation from any particular action which might be compromised by such office or emploYment. b. Use of Confidential Information. No public official shall use information gained as a public official which is not generally made available to and/or is not known to the public, to directly or indirectly gain anything of value. c. Solicitation of or Receipt of Anvthinq of Value. A public official shall not solicit or receive anything of value from any person or association, directly or indirectly, in consideration of some action to be taken or not to be taken in the performance of the public official's duties. d. Holdinq Investments. No public official shall hold any investment which might compromise the performance of the public official's duties without disclosure of said invest- ment and self disqualification from any particular action which might be compromised by such investment, except as permitted by statute, such as Minnesota Statute 471.88. e. Representation of Others. A public official shall not represent persons or associations in dealings with the city in consideration of anything of value. f. Financial Interest. Where a public official or a member of the public official's immediate family has a financial interest in any matter being considered by the public official, such interest, if known to the public official, shall be disclosed by the public official. If the public official has such a financial interest or if the minor child of a public official has such a financial interest, the public official shall be disqualified from further participation in the matter.