Any candidate for mayor who receives contributions of ten thousand dollars ($10,000.00) or more, or who deposits in the candidate's campaign contribution account funds in the amount of ten thousand dollars ($10,000.00) or more, and any candidate for councilmember who receives contributions of seven thousand five hundred dollars ($7,500.00) or more, or who deposits in the candidate's campaign contribution account funds in the amount of seven thousand five hundred dollars ($7,500.00) or more, shall notify the city clerk of such fact by mailgram, telegram, guaranteed overnight mail through the United States Postal Service or equivalent private delivery service, or personal delivery within twenty-four (24) hours of reaching the ten thousand dollar ($10,000.00) or seven thousand five hundred dollar ($7,500.00) limit. The city clerk shall mail notification of such fact, within two working days, to all opposing candidates for whom nomination papers have been filed. (Ord. 2003-046 § 1)