These provisions concerning minority business participation shall apply
to all construction contracts awarded by the city in an amount exceeding $75,000.
For the purpose of this chapter, the following terms shall have the
meanings indicated:
CONSTRUCTION CONTRACT
Any prime contract to be performed for or on behalf of the city for
construction, alteration or repair of any building.
CONTRACTOR
Any party performing or offering to perform a construction contract
with the city.
MINORITY BUSINESS
Any business enterprise that is owned and controlled by one or more
minority persons.
MINORITY PERSON
An individual who is black, Hispanic, Asian, American Indian, Alaskan
native or female.
OWNED AND CONTROLLED
A business which is:
A.
A sole proprietorship legitimately owned and managed by an individual
who is a minority person.
B.
A partnership or joint venture controlled and managed by minority persons
in which at least 51% of the beneficial ownership interest legitimately is
held by minority persons.
C.
A corporation or other entity actually controlled and managed by minority
persons and in which at least 51% of the beneficial ownership interest is
held by minority persons.
PROJECT
The geographical location where the contract or subcontract work
is performed.
SUBCONTRACT
A binding legal relationship involving performance of a contract
that is part of a construction contract.
SUBCONTRACTOR
A third party that is engaged by the contractor to perform, under
a subcontract, all or part of the work included in an original contract.