3.90.020 Definitions.
Definitions as used in this chapter, unless additional meaning clearly appears from the context, shall have the meanings subscribed:
A. “Employee” means any person holding a regularly compensated position of employment with the city but does not include members of the city council and persons who serve without compensation on city boards and commissions.
B. “Interest” means direct or indirect pecuniary or material benefit accruing to a city employee as a result of a contract or transaction which is or may be the subject of an official act or action by or with the city except for such contracts or transactions which confer similar benefits to all other persons and/or property similarly situated. For the purpose of this chapter, an employee is deemed to have an interest in the affairs of:
1. Any person of the employee’s immediate family as that term is now or hereafter defined by BCC 3.79.040(V);
2. Any business entity in which the city employee is an officer, director, or employee;
3. Any business entity in which the stock of, or legal or beneficial ownership of, in excess of five percent of the total stock or total legal and beneficial ownership, is controlled or owned directly or indirectly by the employee;
4. Any person or business entity with whom a contractual relationship exists with the employee; provided, that a contractual obligation of less than $500.00, or a commercially reasonable loan made in the ordinary course of business or a contract for a commercial retail sale shall not be deemed to create an interest in violation of this chapter. (Ord. 5745 § 1, 2007; Ord. 2436 § 1, 1977.)