The terms used in this chapter shall be defined
pursuant to this section as follows:
CONTRACT
Any written agreement between the Town of Huntington and
a contractor or vendor to do or perform any kind of labor, service,
purchase, construction or public work, including written agreements
funded, in whole or in part, under any local, state or federal program.
CONTRACTOR or VENDOR
Shall have its ordinary meaning and shall include in its
meaning any individual, corporation, partnership, proprietorship,
franchisee, organization or association having one or more contracts
with the Town of Huntington providing for consideration in excess
or aggregating more than the sum of $1,000 or who becomes an applicant
for or otherwise seeks such status before the Town Board, Planning
Board or Zoning Board of Appeals of the Town of Huntington.
COUNSEL
Attorney or attorneys retained by the contractor or vendor,
including associated attorneys, and cocounsel retained by the counsel.
FULL DISCLOSURE CLAUSE
A proviso to be included as a material part of a contract
imposing upon the contractor or vendor a material, contractual and
statutory duty to file a verified public disclosure statement.
A full disclosure clause shall be included in
all future contracts between the Town of Huntington and a contractor
or vendor. Such full disclosure clause shall constitute a material
part of the application or contract.
Notice of full disclosure shall be included
and made part of any specifications or applications, if any, which
are submitted to interested parties.
Each contractor or vendor shall file a verified
public disclosure statement with the Town Clerk as soon as practicable
prior to being awarded a contract, franchise or approval of an application.
The verified public disclosure statement required
by this chapter shall contain the following:
A. Name and address of contractor or vendor.
B. A complete list of names and addresses of shareholders
who hold an actual or beneficial interest in 5% or more of the outstanding
stock issued by the contractor or vendor, including the names and
addresses of officers and directors of corporate shareholders.
C. A complete list of the names and addresses of any
other contractor, vendor or person who has, holds or may derive any
actual or beneficial percentage of interest in any other form of ownership
of the contractor or vendor in an amount equal to 5% or more.
D. A table of organization of the contractor or vendor,
showing the names and addresses of all individuals serving on the
Board of Directors or comparable body of the contractor or vendor.
E. The names and addresses of all corporate officers
of the contractor or vendor.
F. The names and addresses of all counsel to the contractor
or vendor.
Proof of financial capability shall be included
in all disclosure statements.
A separate folio for each contractor or vendor
shall be maintained in alphabetical order, for public inspection,
by the Town Clerk.
No board, agency or department of the Town of
Huntington shall grant a contract, franchise or application without
complying with the provisions of the law.