Any elected official having a financial interest or possible financial interest in the outcome of any policy, decision, or determination before the governing body shall, within a reasonable time after such interest becomes apparent and in no case later than at the time of the taking of the vote on an issue in which he has a financial interest or possible financial interest, disclose to each of the other members of the governing body the nature of the financial interest or possible financial interest and the disclosure shall be recorded in the minutes of the meeting. Disclosure of financial interest or possible financial interest on any issue shall not disqualify the elected official from voting on the issue unless a majority of the remaining members determine that the elected official should not in propriety vote on the issue, or the elected official having a financial interest or possible financial interest voluntarily disqualifies himself. (Added by vote, March 1, 1994.)