A. Disclosure To City: Any public servant or volunteer public servant who is also an officer, director, agent, employer, or employee of any business entity, or the owner of a substantial interest in any business entity, including any business entity subject to city regulation, shall disclose any such position or employment and the nature and value of such position or employment as provided herein.
B. Time Of Disclosure: Any public servant or volunteer public servant shall make the disclosure within thirty (30) days:
1. After being appointed or elected or otherwise commencing employment or public service; and
2. During January of each year if such public servant's or volunteer public servant's position in the business entity has changed or if the value of such public servant's or volunteer public servant's interest in the entity has materially increased since the last disclosure. The disclosure shall be made in a sworn written statement in a form prescribed by the city and shall be filed with the mayor, or, in the case of disclosure by the mayor or by the city council staff, with the city council. Unless otherwise provided by the law, the statements are public records and shall be made available for inspection by members of the city council and the public upon request.
C. Value Of Interest: Unless otherwise required by law, where the value of an interest is required to be disclosed pursuant to this section, it shall be sufficient to report whether the value is less than fifteen thousand dollars ($15,000.00) or is fifteen thousand dollars ($15,000.00) or more. This section does not apply to instances where the value of the interest does not exceed two thousand dollars ($2,000.00). Life insurance policies and annuities are not included in this disclosure requirement and shall not be considered in determining the value of any such interest. (Ord. 11-11, 2011)