[Adopted 1-22-1988 by Ord. No. 328]
[1]
Editor's Note: For additional provisions regarding standards of ethical conduct for public officials and employees, see Ch. 20, Code of Ethics.
As used in this article, the following terms shall have the meanings indicated:
EMPLOYEE
Any person employed by the Town of Wallingford in its Planning and Zoning Commission, Zoning Board of Appeals or Building Department.
FIRM
Any commonly recognized legal entity for the conduct of business, including but not limited to a sole proprietorship, a partnership, a corporation and a trust.
INTEREST
Any interest, direct or indirect, which is of financial or personal value to the Town Official or employee and which is not common to the interest of other citizens of the town.
INVESTMENT
Any financial outlay, including barter, whether presently made or promised at some future time, whether made singly, in joint venture or partnership and whether through an agent or trustee, which is made with the hope or expectation of financial gain or profit, and shall include any expectation of financial gain in liability for federal income taxes.
OFFICIAL
Any person appointed or elected to the Planning and Zoning Commission, Zoning Board of Appeals or Building Department of the Town of Wallingford.
REAL ESTATE
Land buildings.
REAL ESTATE TRANSACTION
The purchase, sale, lease, management, development, construction, repair or remodeling of land or buildings.
A. 
No official or employee shall be a principal, agent or employee of any firm engaged in real estate transactions in the Town of Wallingford or of any firm so engaged which has a place of business in the Town of Wallingford.
B. 
No official or employee shall have any interest in any firm which is engaged in real estate transactions in the Town of Wallingford or in any such firm which has a place of business in the Town of Wallingford.
C. 
Firms engaged in real estate transactions which will serve as the firm's place of business are excluded from this section.
D. 
Any official or employee who is in violation of this section on the effective date of this article shall be exempt from its provisions during the current term of his or her office or employment, but he or she shall disclose such violation, in writing, to the agency of which he or she is an official or employee, to the Board of Ethics and to the Town Council within 30 days of said effective date, and shall disqualify himself or herself from acting on any matter involving the firm in which he or she has an interest.
A. 
Any official or employee who makes any investment in real estate or engages in any real estate transaction situated in the Town of Wallingford shall disclose such investment or transaction, in writing, to the agency of which he or she is an official or employee, to the Board of Ethics and to the Town Council.
B. 
Any official or employee who makes any investment or engages in any real estate transaction with or through any firm whose place of business is in the Town of Wallingford shall disclose such investment or transaction, in writing, to the agency of which he or she is an official or employee, to the Board of Ethics and to the Town Council.
C. 
Any official or employee who makes such an investment or engages in any such transaction shall disqualify himself or herself from taking any such action in his or her official capacity involving such investment or transaction.
D. 
Real estate transactions by any official or employee which will be used as his or her private residence or place of business are exempt from this section.
E. 
The disclosures required by this section shall be made within 30 days of the effective date of this article and within 30 days of any such investment or transaction made or engaged in after the effective date of this article.
A. 
No official or employee shall make an initial application for a Connecticut license as a real estate salesman or real estate broker during the term of his or her office or employment.
B. 
Any official or employee holding a Connecticut license as a real estate salesman or real estate broker at the time of his or her appointment, election or employment shall place such license in escrow with the Real Estate Commission of the State of Connecticut prior to the effective date of his or her appointment, election or employment.
C. 
Any official or employee holding a Connecticut license as a real estate salesman or real estate broker on the effective date of this article shall place such license in escrow with the Real Estate Commission of the State of Connecticut within 30 days of said effective date.
D. 
Nothing herein shall prohibit the renewal of any such license during any such escrow period.
A. 
Any violation of this article shall be deemed a conflict of interest under the provisions of Chapter 17 of the Charter of the Town of Wallingford, Ethics and Conflict of Interest, and proceedings to discipline the violator shall be in accordance with said Chapter.
B. 
Willful violations of this article shall subject the violator to immediate removal proceedings under Chapter 2 of the Charter of the Town of Wallingford in the case of an elected or appointed official and immediate termination in the case of an employee.