HomeMy WebLinkAboutItem #29 - Second Reading Ordinance2
J-86-609
12/9/86
ORDINANCE NO.
AN ORDINANCE ADDING A NEW SECTION 2-309,
ENTITLED "FINANCIAL DISCLOSURE", TO
CHAPTER 2 OF THE CODE OF THE CITY OF
MIAMI, FLORIDA, AS AMENDED; SETTING
FORTH REQUIREMENTS OF ANNUAL DISCLOSURE
BY CITY OFFICIALS AND EMPLOYEES OF
INFORMATION RELATED TO THE FINANCIAL
STATUS OF SAID OFFICIALS AND EMPLOYEES;
CONTAINING PENALTIES, A REPEALER
PROVISION AND A SEVERABILITY CLAUSE.
BE IT ORDAINED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA:
Section 1. A new Section 2-309, entitled "Financial
Disclosure" is hereby added to Chapter 2 of the Code of the City
of Miami, Florida, as amended:
"Sec. 2-309. Financial disclosure.
A. (1) In addition to the financial disclosure
requirements of state law and county code,
the mayor, city commissioners, all city
employees serving in unclassified positions,
all persons who serve as outside counsel for
all city boards, and all persons who serve as
members of city boards excepting ad hoe
special purpose boards or committees, are
required to provide the following information
to the city clerk in writing by July 1 of
each year:/
a. Description of all assets which
have a value in excess of Five
Thousand Dollars ($5,000) including
household goods.
b. All liabilities which exceed Five
Thousand Dollars ($5,000) including
The reporting requirement applies to all persons who are
serving in the designated capacities on December 31, 1986 and
on December 31 of suooeeding years. Information required to
be reported by July 1 shall be the information in existence
as of December 31 of the preceding calendar year.
the name and address of all
creditors including debts or money
owed in excess of Five Thousand
Dollars ($5,000) including credit
card and retail installment
accounts, taxes owed, indebtedness
on a life insurance policy and
accrued income taxes on net
unrealized appreciation.
c. All sources of income due a
business entity in excess of ten
(10) percent of the gross income of
a business entity in which the
reporting person held a material
interest and from which he/she
received an amount which was in
excess of ten (10) percent of
his/her gross income during the
disclosure period and which exceeds
one thousand five hundred dollars
($1,500.00). The period for
computing the gross income of the
business entity is the fiscal year
of the business entity which ended
on, or immediately prior to, the
end of the preceding calendar year.
d. Net worth; i.e., the difference
between total assets and total
liabilities.
(2) An affidavit of the person reporting shall be
executed attesting to the accuracy of the
disclosures.
H. As an alternative to the requirement set forth in
Subsection A above, a copy of the reporting
person's filed return for the current year's
Federal Income Tax Return may be provided.
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C. Any elected offioial who is a partner in a law
firm or a stockholder in a professional
association must disclose, in writing, to the City
Clerk the name of any client whose representation
results in a contribution of ten (10) percent or
more of the gross income (1) to the law firm in
which said official is a partner; or, (2) to the
professional association in which said official
is a stockholder or has an ownership interest; or,
(3) the elected official directly.
D. Every person who is convicted of a violation of
this section shall be punished by a fine not to
exceed five hundred dollars ($500.00) or
imprisonment in the county jail for not more than
thirty (30) days, or by both such fine and
imprisonment."
Section 2. All ordinances or parts of ordinances insofar
as they are inconsistent or in conflict with the provisions of
this ordinance are hereby repealed.
Section 3. If any section, part of section, paragraph,
clause, phrase, or word of this ordinance is declared invalid,
the remaining provisions of this ordinance shall not be affected.
Section 4. It is the intention of the City Commission
that the provisions of this ordinance shall become and be made a
part of the Code of the City of Miami, Florida, as amended, which
provisions may be renumbered or relettered and that the word
"ordinance" may be changed to "section", "article", or other
appropriate word to accomplish such intention.
PASSED ON FIRST READING BY TITLE ONLY this 13th day of
November, 1986.
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PASSED AND ADOPTED ON SECOND AND FINAL READING BY TITLE ONLY
this day of
ATTEST:
MATTY HIRAI, CITY CLERK
PREPARED AND APPROVED BY:
ROBERT F. CLARK
CHIEF DEPUTY CITY ATTORNEY
, 1986.
XAVIER L. SUAREZ, MAYOR
APPROVEZ AS TO FORM AND CORRECTNESS:
LUCIA A. DOUG
CITY ATTORNEY
RFC/bss/M049
TY
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