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(a) The Town Council recognizes that, when citizens hold public office or obtain employment with the Town, conflicts may arise between their public duty and their personal and/or financial interests. This Ethics Code:

(1) Sets forth standards and guidelines of ethical conduct for all Town officials and employees which are intended to promote the avoidance of conflicts of interest and the appearance of impropriety by Town officials and employees;

(2) Sets rules for ethical conduct by all Town officials and employees, including disclosure by Town officials and employees of personal or financial interests which may affect the Town’s business;

(3) Identifies actions incompatible with the Town’s best interests;

(4) Establishes an Ethics Commission; and

(5) Provides for sanctions, remedies and penalties for violation of the provisions of this Article.

(b) This Ethics Code and the conduct governed herein are declared to be a matter of local interest and concern. Any conflict with or inconsistency between this Code and the provisions of state law concerning standards of conduct and contracts in Article 18 of Title 24, C.R.S., is intended. This Code shall supersede such law and the common law in all respects as to the subject matter of this Code, to the extent legally permitted. (Prior code 4.18.010)