For the purpose of this subchapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
BUSINESS ENTITY. Any business, proprietorship, firm, partnership, person in representative or fiduciary capacity, association, venture, trust or corporation which is organized for financial gain or for profit; or any association, institute, society or group which is organized as a non-profit, 501(c)3 entity.
CITY OFFICIAL. The Mayor, members of the City Council, the City Manager, Assistant City Manager and department heads, City Clerk and City Attorney.
EMPLOYEE. A full-time or part-time employee.
INTEREST. Direct or indirect pecuniary or material benefit accruing to a city official or employee as a result of a contract or transaction which is or may be the subject of an official act or action by or with the city. For the purpose of this subchapter, a city official or employee shall be deemed to have an INTEREST in the affairs of:
(1) Any person in his or her immediate household;
(2) Any business entity in which the city official or employee is an officer or director;
(3) Any business entity in which the stock of, or legal or beneficial ownership of, in excess of 10% of the total stock or total legal or beneficial ownership, is controlled or owned directly or indirectly by the city officials or employee; and
(4) Any contract in which the city official or employee derives any income or commission directly from the contract or acquires property under the contract.
OFFICIAL ACT OR ACTION. Any legislative, administrative, discretionary act of any city official or employee.
(2005 Code, § 2-111) (Ord. passed 10-21-1991; Ord. passed 1-6-1992; Ord. passed 8-17-1998; Ord. 2014-04-01, passed 4-28-2014)