HomeMy WebLinkAboutItem #23 - First Reading OrdinanceJ-86-609
11/13/86
ORDINANCE NO.
AN ORDINANCE ADDING A NEW SECTION 2-309,
ENTITLED "FINANCIAL DISCLOSURE", TO
CHAPTER 2 OF THE CODE OF THE CITY OF
MIAMI, FT-ORIDA, 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 members of city
boards, 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 (S5.000) including
household goods.
b. All liabilities which exceed Five
Thousand Dollars ($5,000) including
the name and address of all
oreditors including debts or money
owed in excess of Five Thousand
Dollars ($B4O00) including credit
1 Said information being the information existing as of
December 31 of the preceding calendar year.
0
card andretail installment
accounts, taxes owed, indebtedness
on a life insurance policy and
accrued i ncore taxes on net
unrealized appreoiation.
o. 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 fron which he/she
received an amount which was in
excess of ten (10) percent of
his/her gross inoome during the
disclosure period and which exceeds
one thousand five hundred dollars
($1,800.00). 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 differenoe
t
between total assets and total
liabilities.
(2) An affidavit of the person reporting shall be
exeouted attesting to the accuracy of the
disclosures.
B. 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.
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
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Clerk the nx"e of any client whose representation
results in A contTiba)ti.on of ten (3o) percent or
more of the gTOFF I noorp ( 3 } to the ] aW firm in
which fiat d of f A ci c1 is a pn.rt.ner. ; or, ( q.) to the
profesfiionn5 assooint.ion in wht,ch sa.W official
is a st.ock.holde.r or ha.s an ownerr=hl.p interest; or
to the elected official directly,
b. Every person who is convicted of a violation of
this eecti.on shell. 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.
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Section 3. If any section, part of section, paragraph,
f clause, phrase, or word of this ordinance is declared invalid,
the remaining provisions of this ordinance shall not be affected.
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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 this13tb_day of
November 1988.
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PASSED AND ADOPTED OR SECOND AND FINAL READING BY TITLE ONLY
this day of 1986.
ATTEST: XAVIER L. SUAREZ, MAYOR
NATTY HIRAI, CITY CLERK
PREPARED AND APPROVED BY:
/CLIL-� Z
ROBBRT F. CLARK
CHIEF DEPUTY CITY ATTORNEY
APPROVED�t TO FORM AND CORRECTNESS:
4LUCA'k—.DOUGHEATY
CITY ATTORNEY
RFC/rr/bss/MO49
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