For purposes of this article, the following terms have the meanings specified:
"Board" shall have the meaning specified in Section 2.16.140 of this chapter.
"Business entity" shall have the meaning specified in Section 2.16.140 of this chapter.
"City employee" means any employee identified in Section 2.16.160 of this chapter.
"Family relative" shall have the meaning specified in Section 2.16.140 of this chapter.
Investment in business entity:
1. Includes any financial interest in or security issued by a business entity, including, but not limited to, common stock, preferred stock, rights, warrants, options, deed instruments and any partnership or other ownership interest; and
2. Applies to any investment, regardless of where such business entity is located or does business; and
3. Applies to a city employee, if the employee and the person who is an applicant or is principally involved in the matter before such city employee's department, the city council or any board, each have a twenty-five thousand dollar ($25,000.00) or greater, or ten (10) percent or greater, investment in such business entity.
"Ownership interest in real property" means and includes any leasehold beneficial or ownership interest or option to acquire such an interest in real property regardless of where such property is located, if the city employee and the person who is an applicant or is principally involved in the matter before such city employee's department, the city council or any board each have a twenty-five thousand dollar ($25,000.00) or greater, or ten (10) percent or greater, interest in such property.
"Principally involved" means and includes:
1. A person who has a twenty-five (25) percent or greater investment in the business entity, or a twenty-five (25) percent or greater ownership interest in the real property for which an application is made; or
2. A person who is appealing a disciplinary action to the civil service board; or
3. A person with a financial interest in the outcome of the decision of the city employee's department, the city council or any board which will exceed five thousand dollars ($5,000.00). (Prior code § 53.04.034)