COLORADO SPRINGS, Colo. (AP) -- Colorado Springs Mayor Lionel Rivera has been cleared of a conflict-of-interest complaint stemming from a deal to build a new headquarters for the U.S. Olympic Committee.

The finding by the city's Independent Ethics Commission was made public Monday.

Colorado Springs businessman Ron Johnson had filed the complaint after a construction contract for the USOC building was awarded to a company whose chairman was a former client of Rivera's at UBS Financial Services, where Rivera is a vice president.

Rivera called the complaint unfounded.

Johnson says he has no regrets about filing the complaint. He says Rivera should have recused himself from the process.

(Copyright 2009 by The Associated Press. All Rights Reserved.)