§ 2-182. Definitions.

The following words, terms and phrases, when used in this article, shall have the meanings ascribed to them in this section, except where the context clearly indicates a different meaning:

Anything of value means any gift, favor, service or promise of future employment, but does not include reasonable fees and honorariums, or the exchange of seasonal, anniversary or customary gifts among relatives and friends.

Business means any corporation, partnership, proprietorship, firm, enterprise, franchise, association, organization, self-employed individual or any other legal entity which engages in profit-making activities.

Financial interest means any interest which shall yield, directly or indirectly, a monetary or other material benefit to the officer or employee or to any person employing or retaining the services of the officer or employee.

Immediate family means:

(1)

A person's spouse; and

(2)

A person's relative by blood, marriage or adoption who receives, directly or indirectly, more than one-half support from such person or from whom such person receives, directly or indirectly, more than one-half of his support.

Personal interest means any interest arising from blood or marriage relationships or from close business or political associations, whether or not any financial interest is involved.

Public employee means any person excluded from the definition of a public official who is employed by the village.

Public official means those persons serving in statutory elected or appointed offices provided for in Wis. Stats. ch. 61 (Wis. Stats. § 61.187 et seq.), and all members appointed to boards, committees and commissions established or appointed by the village president and/or village board pursuant to this Code, whether paid or unpaid.

Significant interest means owning or controlling, directly or indirectly, at least ten percent or $5,000.00 of the outstanding stock or at least ten percent or $5,000.00 of any business.

(Code 1990, § 2-5-2)