(A) Definitions. For the purpose of this section, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
COMPENSATION. Money, tangible things of value or financial benefit.
IMMEDIATE FAMILY. The spouse of a local public officer, and any minor child of whom he or she has legal custody.
LOCAL PUBLIC OFFICER. A person holding an elective office of the city.
(B) Duty to file financial disclosure statement exceptions. In addition to other statements and reports required by law, each local public officer as a matter of public record shall file with the City Clerk, on a form prescribed by the City Clerk, a verified statement disclosing:
(1) The name of the public officer and the name of each member of his or her immediate family, and all names under which they do business;
(2) An identification of each employer and of each source of compensation amounting to more than $1,000 annually received by the local public officer and his or her immediate family in their own names, or by any other person for the use or benefit of the local public officer and his or her immediate family, and a brief description of the nature of the services for which the compensation was received; providing, however, that, this division (B)(2) shall not be construed to require the disclosure of information that may be privileged by law; nor the disclosure of individual items of compensation that constitute a portion of the gross income of the business or profession from which the local public officer and his or her immediate family derive compensation;
(3) The name of every corporation, trust, business partnership or association in which the local public officer and his or her immediate family, or any other person for the use or benefit of the local public officer and his or her immediate family, have an investment or holdings of over $1,000 at the fair market value as of the date of the statement, or in which the local public officer or his or her immediate family holds any office, or have a fiduciary relationship, together with the description of the investment, office or relationship; providing, however, that, this division (B)(3) does not require disclosure of the name of any bank or other financial institution with which the local public officer or member of his or her immediate family has a deposit or withdrawal share account;
(4) All state real property interests, including street address, specific location and approximate size or legal description, to which either the local public officer or his or her immediate family hold legal title or beneficial interest; specifically excluding however, his or her residence or property used primarily for personal recreation by the local public officer or his or her immediate family;
(5) The names of all persons to whom the local public officer and his or her immediate family owe unsecured personal debts in excess of $1,000. The names of all persons who owe the local public officer and his or her immediate family unsecured personal debts in excess of $1,000; providing, however, no disclosures shall be required of debts owed by the local public officer or his or her immediate family resulting from the following: the ordinary conduct of a business or a profession; debts on the residence of the local officer or his or her immediate family; debts arising out of secured transactions for purchase of consumer goods; debts secured by cash values or life insurance; and/or debts owed relatives;
(6) The source of each gift of more than $500 received by the local public officer and his or her immediate family in their own names during the preceding 12 months, or by any other person for the use or benefit of the local public officer or his or her immediate family, except gifts received by will or by virtue of intestate succession, or received by way of distribution from any inter vivos or testamentary trust established by a spouse or by an ancestor, or gifts received from relatives. Political contributions shall not be construed as gifts;
(7) A description of all of the professional, occupation and business licenses in which either a local public officer or his or her immediate family has an interest issued by the city or by any state department, agency, commission, institution or instrumentality, which requires for its issuance the consideration of the application by the City Council, including the name in which the license is issued, the type of business or profession and its location; and
(8) The verified statement required to be filed pursuant to this entire division (B) shall be filed by each local public officer on or before January 31 of each year hereafter.
(C) Duty to file financial statement by a candidate or an appointee to the Council.
(1) A candidate for the City Council shall file a financial disclosure statement containing the information required in division (B) above hereof on forms prescribed by the City Clerk, at the time of filing his or her signed nomination papers.
(2) An appointee to the City Council to fill a vacancy shall file the required statement within 15 days following the filling of such vacancy.
(Prior Code, § 2-1.11) (Ord. 507, passed - -1974; Ord. 890, passed - -2007; Ord. 938, passed 12-12-2014) Penalty, see § 30.99