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Section 2-450 Absention and Disclosure FormSUPPLEMENTAL ABSTENTION AND DISCLOSURE REQUIREMENT: SEC. 2-450 Sec. 2-450. Disclosure of interest in/relationship with business entity. (a) (1) If a public officer or employee of the city directly or indirectly (via participation in any type of business entity) has or holds any employment or contractual relationship with any other business entity which the officer or employee knows or with the exercise of reasonable care should know, is doing business with the city, and which relationship is otherwise permissible under state and county ethics law, he/she shall file a sworn statement with the city clerk disclosing, (consistent with relevant privilege exemptions) the specific nature of employment and interest in such business entity as well as commencement date of the subject employment or contractual relationship and (if applicable) term of such relationship. The city clerk shall publish logs on a quarterly basis reflecting the disclosure forms referenced herein. (2) If a member of the city commission establishes a business relationship with any person or business entity within 12 months after a city commission vote, which vote the city commission member knows directly benefits that person or business entity, the subject member of the city commission shall disclose any such business relationship in writing to the city clerk within 15 days after the business relationship is established. (b) Definitions. Business entity means any corporation, partnership, limited partnership, proprietorship, firm, enterprise, franchise, association, self-employed individual, or trust, whether fictitiously named or not. Business relationship, for purposes of subsection (a)(2) above, shall mean that a member of the city commission has a relationship with a person or business entity wherein: (1) The person/business entity is a customer of the member of the city commission (or of his/her employer) and transacts more than $10,000.00 of the business of the member of the city commission (or of his/her employer) in the 12-month period immediately after the subject vote; or (2) The member of the city commission (or his/her employer) is a customer of the person/business entity and transacts more than $10,000.00 of the business of the person/business entity in the 12-month period immediately after the subject vote. (3) The $10,000.00 threshold referenced hereinabove shall be adjusted annually to reflect increases in the Consumer Price Index. Contractual relationship shall exclude situations in which a person's shareholder interest in a publicly traded company is less than five percent. (c) Regardless of the requirements of subsection (a) hereinabove, the validity of any action or determination of the city commission or city personnel, board or committee shall not be affected by the failure of any person to comply with said disclosure provisions. SUPPLEMENTAL ABSTENTION AND DISCLOSURE REQUIREMENT: SEC. 2-450 TYPE OF MEETING: DATE OF MEETING: AGENDA ITEM #: NAME OF PUBLIC OFFICER/CITY EMPLOYEE DISCLOSING: (FILL OUT APPLICABLE DISCLOSURE INFORMATION BELOV~ MB City Code section 2-4501a)11)': This Section requires the disclosure of the existence of any employment or contractual relationship, direct or indirect, with any business entity (as defined in attached Ordinance) which the public officer or employee knows or with the exercise of reasonable care should know, is doing business with the City, and which relationship is otherwise permissible under state and county ethics law--this disclosure must state the specific nature of employment and interest in such business entity as well as commencement date of the subject employment or contractual relationship and (if applicable) term of such relationship. MB City Code section 2-4501a)12): This Section requires the disclosure by a member of the City Commission of the existence of a business relationship with any person or business entity within 12 months after a City Commission vote, which vote the City Commission member knows directly benefits that person or business entity--this disclosure shall state the business relationship, the person or business entity directly benefitted by the vote, and the nature of the benefit. This disclosure shall be filed with the City Clerk within 15 days after the subject business relationship is established. SIGNATURE OF CITY PUBLIC OFFICER /CITY EMPLOYEE DATE Per City Code section 2.450(a)(1): "The city clerk shall publish logs on a quarterly basis reflecting the disclosure forms referenced herein. DiscCodeSec2-450.doc