(A) Any officer who makes or participates in the making of city-based decisions which may foreseeably have a material effect on a personal or financial interest of such person shall file an annual financial disclosure statement with the person designated by the city as the Code of Ethics Enforcement Officer. Such statements shall be available for public inspection.
(B) An initial financial disclosure statement shall be filed within 30 days after the effective date of this subchapter.
(C) Financial disclosure statements shall contain the following information:
(1) Investments or interests in real property reports where the individual fair market value of each investment or real property interest is over $5,000. For such investments or real property interests, the statement shall contain a description of the nature of the investment or interest, the name and general description of the business entity in which each investment is held, and the address or other precise location of the real property;
(2) Personal income reports detailing the name and address of each source of income aggregating $1,000 or more in value, or $100 or more in value if the income was a gift, and a general description of the business activity, if any, of each source. Such report shall also describe any consideration, if any, for which the income was received. Gifts from members of the immediate family need not be reported; and
(3) Business entity income reports detailing the names of all persons from whom the filer’s business entity, including sole proprietorships, received payments if the filer’s pro rata share of gross receipts from such persons was equal to or greater than $5,000 during a calendar year.
(D) Persons required to file financial disclosure statements under division (A) above must disqualify themselves from making or participating in the making of any decisions which will foreseeably have a material financial effect, distinguishable from its effect on the public generally, on any reportable interest of that person.
(E) Persons required to disqualify themselves shall notify the Code of Ethics Enforcement Officer in writing of their disqualification. The Code of Ethics Enforcement Officer shall record their disqualification. In the alternative, persons required to disqualify themselves may give notice of their disqualification at the meeting or proceeding during which consideration of the decision takes place. Such notice shall be made part of the record of the meeting or proceeding.
(Ord. 3-1994-95, passed 12-13-1994)