HomeMy WebLinkAbout9005 - Conflict of Interest CodeRESOLUTION NO. 9005
• A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF NEWPORT BEACH ADOPTING A CONFLICT OF
INTEREST CODE APPLICABLE TO DESIGNATED CITY
OFFICIALS AND EMPLOYEES PURSUANT TO THE
POLITICAL REFORM ACT OF 1974
WHEREAS, Government Code Section 87300 requires every
local government agency to adopt and promulgate a Conflict of
Interest Code; and
WHEREAS, there has been presented to the City Council
a proposed Conflict of Interest Code to be applicable to certain
designated City officials and employees, a copy of which is on
file with the City Clerk; and
WHEREAS, the City Council has held a public hearing to
consider said Conflict of Interest Code; and
• WHEREAS, the City Council has determined that the
It
proposed Conflict of Interest Code meets the legal requirements
of the Political Reform Act of 1974, and is a fair and equitable
regulation as applied to those City officials and employees
designated therein.
NOW, THEREFORE, BE IT RESOLVED that the City Council
of the City of Newport Beach hereby adopts the Conflict of
Interest Code attached hereto and incorporated herein by this
reference.
BE IT FURTHER RESOLVED that the City Clerk is hereby
instructed to take all necessary action to implement compliance
with the Code, including the preparation and distribution of
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necessary reporting forms and the subsequent filing and recording
of all required reports.
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ATTEST:
City Clerk
ADOPTED this 28th day of February , 1977.
.....q ERTIf1ED AS 4E_ ORIGINAL CIN CLERK OF TYE CIT'i GF
DAM NIAR 2 _1977
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2/25/77
CONFLICT OF INTEREST CODE
CITY OF NEWPORT BEACH
No
ADOPTION
In compliance with the Political Reform Act of 1974,
California Government Code Section 81000, et se q., the City
Of Newport Beach hereby adopts this Conflict of Interest Code,
which shall apply to certain City officials and designated
employees of this City, as specifically required by California
Government Code Section 87300.
II
DESIGNATED POSITIONS
The positions listed in Exhibit "A" are deemed to be
designated positions. City officials and employees holding
these positions are deemed to make or participate in the making
of decisions which may foreseeably have a material effect on a
financial interest.
III
EXEMPT POSITIONS
The City Council finds that unsalaried members of Boards, Com-
missions and Council- appointed Committees which serve solely in an
advisory capacity, are persons who do not hold positions which entail
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the making or participating in the making of governmental
decisions which may foreseeably have a material effect on any
financial interest and are therefore exempt from the provisions
of this Code.
IV
DISCLOSURE STATEMENTS
A designated official or employee shall be assigned to
one or more of the disclosure categories set forth in Exhibit "B ".
Each designated official or employee shall file an annual
statement disclosing that officials or employee's interest in
investments, real property and income required to be reported
under the category to which the official or employee's position
is assigned in Exhibit "B ".
V
PLACE OF FILING
All designated officials and employees required to submit
a statement of financial interests shall file the original with
the City Clerk.
VI
TIME OF FILING
A. Initial Statement. Each designated official and employee
shall file an initial disclosure statement within thirty (30)
• days after the effective date of this Code. The initial disclosure
statement shall disclose any reportable investments, and any interests
in real property,but not income held at the time of reporting.
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B. Other Employees. Officials and employees appointed,
promoted or transferred to designated positions shall file an
initial statement not less than ten (10) days before assuming
office or such position, unless an earlier assumption of office
is required, in which case the statement shall be filed within
thirty (30) days of assuming the office or designated position
of employment.
C. Annual Statements. An annual statement shall be
filed in the month of April of each year by each designated
official and employee. Annual statements shall cover the period
of January 1 through December 31 of the calendar year preceding
the statement and shall disclose any reportable investments,
interests in real property and income.
D. Leaving Office. Any designated official or employee
who leaves his office or position shall file a disclosure
statement within thirty (30) days of the effective date of
leaving the office or position. The leaving office statement
shall disclose reportable investments, interests in real property,
and income during the period since the closing date of the
previous statement filed pursuant to this Code.
VII
CITY COUNCIL AND CITY MANAGER
The disclosure and filing provisions of this Code shall not
be applicable to members of the City Council or City Manager, but
such designated persons shall comply with the disclosure require-
ments of California Government Code Sections 87200, et sec.
VIII
REPORTABLE INTERESTS
A. Investments. Investments in business entities are
reportable if:
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1. The business entity, including parent corpora-
tions, subsidiary corporations or otherwise related business
entities,
• (a) has an interest in real property located
in part or in whole within the boundaries of the City,
within two (2) miles thereof or within two (2) miles of
land owned or used by the City; or
(b) does business or plans to do business within
the City; or
(c) has done business within the City at any time
during the two (2) years prior to the time that the disclosure
statement of the designated employee is filed; and
2. The fair market value of the investment of the
designated employee or his or her spouse is greater than One
Thousand Dollars ($1,000.00); and
3. The investment either:
(a) is held by the designated employee or his or
her spouse and constitutes a financial interest in, or
security issued by, the business entity, including but not
limited to common stock, preferred stock, rights, warrants,
options, debt instruments and any partnership or other
ownership interest; or
(b) is held by any business entity or trust in
which the designated employee or his or her spouse owns,
directly, indirectly or beneficially, a ten percent (10 %)
interest or greater, and constitutes a financial interest
in, or security issued by, a business entity qualifying
under paragraph 2. above; provided, however, that in the
• event that the ownership interest of the designated employee
or his or her spouse in such business entity or trust is
less than fifty percent (50 %), the value, for the purpose
of paragraph 2., of the investment relates to the value
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of the pro rata share of the designated employee or his
or her spouse in the investment held by the business entity
or trust; and provided further, that in the event that the
ownership interest of the designated employee or his or
her spouse in such business entity or trust is fifty
percent (50%) or more, the value, for the purpose of
paragraph 2., of the investment relates to the entire value
of the investment held by the business entity or trust.
EXCEPTION: An investment is not reportable if it
constitutes a time or demand deposit in a financial insti-
tution, a share in a credit union, an insurance policy,
or a bond or other debt instrument issued by any government
or government agency.
B. Interests In Real Property. Interests in real property
are reportable interests if:
1. The real property to which the interest pertains
is located in part or in wholes
City; or
(a) within the boundaries of the City; or
(b) within two (2) miles of the boundaries of the
(c) within two (2) miles of land located outside
of the boundaries of the City which is owned or used by the
City; and
2. The fair market value of the interest of the
designated employee or his or her spouse is greater than one
Thousand Dollars ($1,000.00); and
3. The interest is either:
(a) a leasehold, beneficial or ownership interest
held by the designated employee or his or her spouse; or
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(b) an option held by the designated employee
or his or her spouse to acquire such an interest; or
(c) an interest or option held by a business
entity or trust in which the designated employee or his
or her spouse owns directly, indirectly or beneficially,
a ten percent (10 %) interest or greater; provided, however,
that in the event that the ownership interest of the
designated employee or his or her spouse in such business
entity or trust is less than fifty percent (50 %), the
value, for the purpose of paragraph 2., of the real property
interest or option relates to the value of the pro rata
share of the designated employee or his or her spouse in
the real property interest or option held by the business
entity or trust; and provided further, that in the event
that the ownership interest of the designated employee or
his or her spouse in such business entity or trust is
fifty percent (50 %) or more, the value, for the purpose
of paragraph 2., of the real property interest or option
relates to the entire value of the real property interest
or option held by the business entity or trust.
4. An interest in real property does not include the
principal residence of the filer.
if:
C. Sources Of Income. Sources of income are reportable
1. The source of income was either:
(a) a business entity located or doing business
as described in subsection A. 1.; or
(b)
an individual
residing within the City;
or
(c)
a non - profit
association or corporation
having
its principal place of business within the City; and
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2. Either-
(a) the aggregate amount of income received by
the designated employee or his or her spouse from the
• source during the period covered by the disclosure state-
ment was Two Hundred Fifty Dollars ($250.00) or more in
value; or
(b) if the income was a gift received by the
designated employee or his or her spouse from the source
during the period covered by the disclosure statement,
the value of the gift was Twenty -Five Dollars ($25.00) or
more; and
or
3. The income was either received by:
(a) the designated employee or his or her spouse;
(b) received by any business entity or trust in
which the designated employee or his or her spouse owns,
directly, indirectly, or beneficially, a ten percent (10 %)
interest or greater; provided, however, that in the event
that the income is received by a business entity described
in this paragraph (b), the value, for the purpose of
paragraph 2., of the income relates to the pro rata share
of the designated employee or his or her spouse in the income
of the business entity or trust.
INCOME INCLUDES, except to the extent excluded by this
subsection, income of any nature from any source located
within the City, including but not limited to any salary,
wage, advance, payment, dividend, interest, rent, capital
gain, return of capital, gift (including any gift of food
• or beverage), loan, forgiveness or payment of indebtedness,
discount in the price of anything of value unless the
discount is available to members of the public without regard
to official status, rebate, reimbursement of expenses, per
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diem, or contribution to an insurance or pension program
paid by any person other than an employer, and including
any community property interest in income of a spouse.
Income shall also include a pro rata share of any income
of any business entity or trust in which the individual
or spouse owns, directly or indirectly, or beneficially,
a ten percent (10 %) interest or greater.
INCOME DOES NOT INCLUDE:
(1) campaign contributions required to be reported
under Chapter 4 (commencing with Section 84100) of Title 9
of the Government Code;
(2) salary and reimbursement for expenses or
per diem received from a state or local government agency
and reimbursement for travel expenses and per diem received
from a bona fide educational, academic or charitable
organization;
(3) gifts of informational material, such as
books, pamphlets, reports, calendars or periodicals;
(4) gifts which are not used and which, within
thirty (30) days after receipt, are returned to the donor
or delivered to a charitable organization without being
claimed as a charitable contribution for tax purposes;
(5) gifts from an individual's spouse, child,
parent, grandparent, grandchild, brother, sister, parent -in-
law, brother -in -law, sister -in -law, aunt, uncle, or first
cousin or the spouse of any such person; provided that a
gift from any such person shall be considered income if
the donor is acting as an agent or intermediary for any
person not covered by this paragraph (5);
(6) any devise or inheritance;
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(7) interest, dividends or premiums on a time
or demand deposit in a financial institution, shares in a
credit union or any insurance policy, payments received
under any insurance policy, or any bond or other debt
instrument issued by any government or government agency;
and
(8) dividends, interest or any other return on
a security which is registered with the Securities and
Exchange Commission of the United States Government;
(9) other than gift, income received from any
source outside the jurisdiction of the City and not doing
business within the jurisdiction of the City, not planning
to do business within the jurisdiction of the City, or
not having done business within the jurisdiction of the
City during the two (2) years prior to the time any statement
or other action is required by this Code;
(10) income from a source which is a former
employer if: all income from the employer was received
by or accrued to the designated employee prior to the time
he or she became a designated employee, the income was
received in the normal course of the previous employment,
and there was no expectation by the designated employee
that he or she assumed the designated position of renewed
employment with the former employer,
IX
CONTENT OF DISCLOSURE STATEMENTS
A. Investments. When an investment is required to be
reported, the statement shall contain:
1. The name and address of the business entity in
which each investment is held;
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2. A general description of the business activity
in which the business entity is engaged;
3. A statement of the nature of the investment;
4. A statement of whether the fair market value of
the investment exceeds Ten Thousand Dollars ($10,000.00), and
whether it exceeds One Hundred Thousand Dollars ($100,000.00);
and
5. In the case of investments wholly or partially
acquired during the period covered by an annual disclosure
statement, the date of acquisition and, if such interest in such
property was disposed of during such period, the date of
disposition.
S. Interests In Real Property. When an interest in real
property is required to be reported, the statement shall contain:
property;
1. The address or other precise location of the real
2. A statement of the nature of the interest in the
real property;
3. When the real property is not used principally as
the residence of the designated employee making the filing, state-
ment of whether the fair market value of the interest exceeds
Ten Thousand Dollars ($10,000.00) and whether it exceeds One
Hundred Thousand Dollars ($100,000.00); and
4. In the case of an interest in real property wholly
or partially acquired during the period covered by an annual
disclosure statement, the date of acquisition and, if such interest
in such property was disposed of during such period, the date of
disposition.
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C. Income and Gifts. When personal income is required
to be reported, the statement shall contain:
1. The name and address of each source of income
aggregating Two Hundred and Fifty Dollars ($250.00) or more in
value;
2. A general description of the business activity,
if any, of each source;
3. A statement whether the aggregate value of income
from each source was greater than One Thousand Dollars ($1,000.00),
and whether it was greater than Ten Thousand Dollars ($10,000.00);
4. A description of the consideration, if any, for
which the income was received; and
5. In the case of income of a business entity, in
which the designated employee or his or her spouse owns a ten
percent (10 %) interest or more:
(a) name and address and a general description
of the business activity of the business entity;
(b) if such business entity provides legal or
brokerage services, the name of every natural person, non-
profit association or corporation and business entity who
paid fees to such business entity if the pro rata share
of the designated employee or his or her spouse of such
fees was One Thousand Dollars ($1,000.00) or more; and
(c) if such business entity does not provide legal
or brokerage services, the name of every natural person,
non - profit association or corporation, and business entity
from whom such business entity received payments if the
pro rata share of the designated employee or his or her
spouse of gross receipts from such person, non - profit
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association or corporation, or business entity was Ten
Thousand Dollars ($10,000.00) or more during any calendar
year partially or wholly covered by the disclosure statement
• being filed;
6. The name and address of each source of income of
Twenty -Five Dollars ($25.00) or more in value if the income was
a gift; and
7. In the case of income constituting a gift, the
amount and the date on which the gift was received.
X
CONTENTS OF BUSINESS ENTITY INCOME REPORTS
When income of a business entity, including income of a
sole proprietorship, is required to be reported, the statement
shall contains
A. The name, address, and a general description of
the business activity of the business entity;
B. In the case of a business entity which provides
legal or brokerage services, the name of every person who paid
fees to the business entity if the filer's pro rata share of
fees from such person was equal to or greater than One Thousand
Dollars ($1,000.00); and
C. In the case of a business entity not covered by
paragraph B., the name of every person from whom the business
entity received payments if the filer's pro rata share of gross
receipts from such person was equal to or greater than Ten
• Thousand Dollars ($10,000.00) during a calendar year.
XI
CONTENTS OF MANAGEMENT POSITION REPORTS
When management positions are required to be reported,
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designated employees shall list the name of each business
entity not specified above in which he is a director, officer,
partner, trustee, employee, or in which he holds any position
• of management.
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ITION OR DISPOSAL DURING REPORTING PERIOD
The statement shall include any investments in business
entities, interests in real property and income held or received
at any time during the period covered by the statement, whether
or not they are still held at the time of filing.
XIII
DISQUALIFICATION
A. General Rule. Designated officials and employees have
a conflict of interest and shall disqualify themselves from
making or participating in the making of any governmental decision
when it is reasonably foreseeable that a financial interest of
the designated official and employee may be materially affected
by the decision. A designated official or employee shall not
be required to disqualify himself with respect to any matter
which could not be legally acted upon or decided without his
participation.
B. Makinq Governmental Decisions Actions Included. A
designated official or employee makes a governmental decision
within the meaning of this Article, when he or she, acting within
• the authority of his or her position:
1. Votes on a matter;
2. Appoints a person;
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action;
3. Obligates or commits the City to any course of
4. Enters into any contractual agreement on behalf
of the City; or
is
5, Determines not to act, within the meaning of
subsection 1. through 4., unless such determination is made
because of his or her financial interest.
When the determination not to act occurs because of his or
her financial interest, the designated employee's determination
must be accompanied by disclosure of the financial interest made
part of the City's official records, or made in writing to the
designated employee's supervisor or appointing power, as
appropriate.
C. Participating In Decisions; Actions Included. A designated
official or employee participates in the making of a governmental
decision within the meaning of this Article, when he or she,
acting within the authority of his or her position:
1. Negotiates without significant substantive review,
with a governmental entity or private person regarding the decision;
or
2. Advises or makes recommendations to the decision
maker, either directly or without significant intervening sub-
stantive review by:
(a) Conducting research or investigations which
require the exercise of judgment on the part of the designated
official or employee and the purpose of which is to influence
the decision; or
(b) Preparing or presenting any report, analysis or
opinion, orally or in writing, which requires the exercise
of judgment on the part of a designated official or employee,
and the purpose of which is to influence the decision.
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D. Making Or Participating In Decisions; Actions Excluded.
Making or participating in the making of a governmental decision
as used in this Article shall not include:
• 1. Actions of a designated official or employee
which are solely ministerial, secretarial, manual, or clerical;
2. Appearances by a designated official or employee
as a member of the general public before an agency in the course
of its prescribed governmental function to represent himself
or herself on matters related solely to his or her personal
interests; or
3. Actions by a designated official or employee relating
to the compensation or the terms or conditions of his or her
employment or contract.
E. Financial Interest. A designated official or employee
has a financial interest in a decision if it is reasonably fore-
seeable that the decision will have a material financial effect
on the designated officail or employee, distinguishable from its
effect on the public generally, including all property owners
within the City, or all those served by the City, or on any
significant segment of the property owners within the City or
those served by the City or of the public generally, or on the
official as a member of a profession, industry or occupation, all
members of which will be affected to the same extent one
1. A direct or indirect interest in real property
if such interest is worth more than One Thousand Dollars ($1,000.00);
2. A direct or indirect investment if such investment
• is worth more than One Thousand Dollars ($1,000.00);
3. A course of income as described, other than a loan
by a commercial lending institution in the regular course of
business, if such income aggregates Two Hundred Fifty Dollars
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($250.00) or more in value received by or promised to the
designated employee within twelve (12) months prior to the
time when the decision is made; or
• 4. A business entity if the designated employee is
a director, officer, partner, trustee or employee or holds any
position of management therein.
For the purpose of this Section, indirect investment or
interest means any investment or interest owned by the spouse or
dependent child of a designated official or employee, by an
agent on behalf of a designated official or employee, by any
business entity controlled by the designated official or employee
or by a trust in which he has a substantial interest. A business
entity is controlled by a designated official or employee if
the designated official or employee, his agent, spouse and
dependent children hold more than fifty percent (50 %) of the
ownership interest in the entity. A designated official or employee
has a substantial interest in a trust when the official or
employee, his spouse and dependent children have a present or
future interest worth more than One Thousand Dollars ($1,000.00).
F. Affected Materially.
1. Standard of Determination. The financial effect
of a governmental decision on a financial interest of a designated
official or employee is material if, at the time the designated
official or employee makes or participates in the making of a
decision, in light of all the circumstances and facts known at
the time of the decision, the designated official or employee
knows or has reason to know that the existence of the financial
• interest might interfere with the designated official or employee's
performance of his or her duties in an impartial manner free from
bias.
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Provided that, the making or participating in the making
of a governmental decision by a contract consultant or by a
person retained to provide information, adivice, recommendation
or counsel, has no material financial effect on a business
entity or source of income, in which such consultant or person
retained is an officer, employee, sole proprietor, or partner,
if the only financial effects of the decision are the modification,
perpetuation or renewal of the contractual or retainer agreement
and /or the opportunity to bid competitively upon a project
or contract.
2. Circumstances To Be Considered. In determining
the existence of a material effect upon a financial interest,
the designated official or employee shall consider relevant
factors, including but not limited to the following:
(a) In the case of any real property in which
the designated official or employee has a direct or indirect
interest worth more than One Thousand Dollars ($1,000.00):
(1) whether the effect of the decision will
be to increase the income - producing potential of the
real property by One Hundred Dollars ($100.00) or five
percent (5%) per month, whichever is less; and
(2) whether the effect of the decision will
be to increase the fair market value of the real property
by One Thousand Dollars ($1,000.00) or more or by five
percent (5 %), whichever is greater.
(b) In the case of a business entity in which the
designated official or employee has a direct or indirect investment
worth more than One Thousand Dollars ($1,000.00), or in the case
• of a designated official or employee who is a director, officer,
partner, trustee, employee, or holds any position of management
in a business entity-
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(1) whether the effect will be to increase
or decrease the annualized gross revenue of the business
entity by one percent (1 %) or more of the annual net income
of the business entity by five percent (5 %) or more; and
• (2) whether the effect of the decision
will be to increase or decrease the assets or liabilities
of the business entity by Fifty Thousand Dollars ($50,000.00)
or more, or by five percent (5%) of its current assets
or liabilities, whichever is less.
(c) In the case of a source of income of a designated
official or employee (other than a loan by a commercial lending
institution in the regular course of business) aggregating Two
Hundred Fifty Dollars ($250.00) or more in value received by or
promised to the designated official or employee within twelve
(12) months prior to the time when the decision is made:
(1) whether, if the source of income is a
business entity, the decision will affect such business
entity in the manner described in subsection (b) above;
(2) whether the governmental decision will
directly affect the amount of income to be received by the
de,ai.gnated official or employee; and
(3) whether there is a relationship between
the governmental decision and the purpose for which the
designated official or employee receives income.
The specific dollar or percentage amounts set forth in this
subsection do not constitute either absolute maximum or minimum
levels, but are merely intended to provide guidance and should be
considered along with other relevant factors in determining whether
a financial interest may interfere with the designated official's
or employee's exercise of his or her duties in rendering a
decision.
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%IV
MANNER OF DISQUALIFICATION
• A
designated
official or employee
required to disqualify
himself
or herself
shall notify his or
her supervisor in
writing. This notice shall be forwarded to the City Manager,
who shall record the employee's disqualification. Upon receipt
of such statement, the supervisor shall immediately reassign
the matter to another employee.
In the case of a designated official, who is a member of
a Commission, notice of disqualification shall be given at the
meeting during which consideration of the decision takes place
and shall be made a part of the official record of the Commission.
The member shall then refrain from participating and shall attempt
in no way to use his or her official position to influence any
other person with respect to the matter.
M
DEFINITION OF TERMS
Except as otherwise provided, the definitions contained
in the Political Reform Act of 1974 (Government Code Section
81000, et seq.), the Regulations of the Fair Political Practices
Commission, and any amendments to the Act of Regulations, shall be
incorporated into this Conflict of Interest Code.
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EFFECTIVE DATE
• This Code shall take effect February 28, 1977.
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MISCELLANEOUS
A. Legal Opinions. Any designated official or employee
who is uncertain of any obligation arising under the provisions
of this Code or the Political Reform Act of 1974 (Government
Code Sections 81000, et se q.), may request a formal opinion
or letter of advice from the City Attorney of the City. In
the event the City Attorney is unable or declines, by written
notice, to issue an opinion to the designated employee, or in
the event the designated employee is dissatisfied with the opinion
received from the City Attorney of the City, he may request the
City Council of the City to seek a formal opinion or letter of
advice from the Fair Political Practices Commission.
B. Reliance On Legal Opinion. If a legal opinion is issued
in writing by the City Attorney of the City, stating in full the
facts and the law upon which the opinion is based, compliance
by the designated employee with such opinion may be evidence of
good faith in any civil or criminal proceeding brought pursuant
to the provisions of the Political Reform Act of 1974 or this Code.
The designated official or employee's good faith compliance
with the written opinion of the City Attorney of the City shall
also act as a complete defense to any disciplinary action that
the City may bring under Section 91003.5 of the Political Reform
Act or this Code.
C. Statute Of Limitations. No judicial proceedings based
upon disqualification provision of this Code shall be brought
pursuant to Government Code Section 91003(b) to restrain the
execution or to set aside official action of the City unless
commenced ninety (90) days following official action or decision.
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EXHIBIT "A"
Disclosure
Designated Positions Category
Assistant City Attorney
1
Assistant Community Development Director
- Building
1
Assistant Community Development Director
- Planning
1
Assistant Public Works Director and City
Engineer
1
Assistant to the City Manager (Personnel)
1
City Attorney
1
City Clerk
1
City Librarian
1
Community Development Director
1
Finance Director
1
Fire Chief
1
General Services Director
1
Marine Director
1
Parks, Beaches & Recreation Director
1
Planning Commissioners
1
Police Chief
1
Public Works Director
1
Purchasing Agent
2,3
EXHIBIT "A"
•
EXHIBIT "B"
DISCLOSURE CATEGORIES
Category 1
A. Interests In Real Property which is located in whole
or in part either (1) within the boundaries of the City of
Newport Beach; or (2) within two (2) miles of the boundaries
of the City, including any leasehold, beneficial or ownership
interest or option to acquire such interest in real property,
if the fair market value of the interest is greater than
One Thousand Dollars ($1,000.00).
B. Investments In Business Entities which (1) have an
interest in real property located in part or in whole within
the boundaries of the City of Newport Beach, within two (2)
miles thereof or within two (2) miles of land owned or used
by the City; (2) does business or plans to do business within
the City of Newport Beach; or (3) has done business within
the City at any time during the two (2) years prior to the
time of filing the disclosure statement. Investments with a
fair market value less than One Thousand Dollars ($1,000.00)
are not reportable.
C. Sources Of Income from a business entity located or
doing business within the City of Newport Beach when the
aggregate amount of income received by the designated official
or employee or his or her spouse was Two Hundred Fifty Dollars
($250.00) or more in value, or if the income was a gift
received by the designated official or employee or his or her
EXHIBIT "B"
0
I*
spouse and the value of the gift was Twenty -Five Dollars
($25.00) or more.
Category 2
Investments in or income from business entities as
described in Category 1, if such business entities manufacture
or sell supplies, machinery or equipment of the type utilized
by the City of Newport Beach.
Category 3
Investments in or income from business entities as described
in Category 1, if such business entities are contractors or
subcontractors engaged in the performance of work or service of
the type utilized by the City of Newport Beach.
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