If a city official or employee is a member of a partnership or professional corporation, or conducts business through another entity, an interest in the partnership, professional corporation, or entity shall be deemed to be a substantial interest of the city official or employee if:
(A) The partnership or professional corporation has fewer than 20 partners or shareholders; or
(B) Regardless of the number of partners or shareholders, the official or employee has an equity interest, share, or draw equal to or greater than 5% of the capital or revenues of the partnership, professional corporation, or other entity.
(Ord. passed 6-16-92)