2.16.740 Disclosure of interest in business entity.
A. Disclosure to City. Every employee, officer, or volunteer who is also an officer, director, agent, employer, or employee of any business entity or the owner of a substantial interest in any business entity subject to city regulation shall disclose, as hereafter provided, any such position or employment and the nature and value of such position or employment.
B. Time of Disclosure. Employees, officers, and volunteers shall make such disclosures within thirty days after being appointed or elected or otherwise commencing their employment or public service and again during January of each calendar year, if such employee’s, officer’s, or volunteer’s position:
1. In the business entity has changed or if the value of such employee’s, officer’s, or volunteer’s interest in the entity has materially increased since the last disclosure; or
2. Was filed prior to the effective date of the ordinance codified in this chapter.
C. Form and Place of Filing Disclosure. Disclosures shall be made in a sworn written statement in a form prescribed by the city and shall be filed with the city recorder; however, in the case of disclosure by the mayor or a city council member, it shall also be filed with the city council within thirty days after the statement is received. Unless otherwise provided by the law, the disclosure statements are public records and shall be made available for inspection by members of the city council and the public, upon request.
D. Value of Interest. Notwithstanding the above, this section does not apply to instances where the value of the interest does not exceed two thousand dollars. Life insurance policies and annuities are not included in this disclosure requirement and shall not be considered in determining the value of any such interest. (Ord. 2/16/2010O-2 § 1 (Exh. A (part)); Ord. 4/21/2009O-7 § 1 (Exh. A (part)); Ord. 10/02/2007O-14 § 1 (Exh. A)(2.4.705). Formerly 2.16.320)