Subcommittee on ONA By-Laws Amendments
Minority Report

CONFLICT OF INTERESTS

New Section VII(D) Conflict of Interest. To be nominated or selected to be a member of the Board of Directors, a person must have on file with the Secretary of the Association an informational form which includes: 1) candidates name, 2) candidates regular residential address, 3) phone number and email, 4) A listing of Oread Neighborhood property interests held for income or investment. Such listing shall include any legal, equitable, or future interest in any corporation, partnership, proprietorship, trust, joint venture or any other business structure, invested in land or buildings, or in options or contracts for land or buildings, held for investment or income, by either the individual or their spouse, owned within the preceding 12 months, within the Oread Neighborhood, which exceed $5,000 or 5%. These forms shall be available for inspection by any member of the Association upon request.

Summary:
This amendment adopts a conflict of interest provision, similar in nature to conflict of interest forms which are commonly filed by state employees and state and local candidates and officials. It provides that persons running for the board have on file a list which contains a list of the property interests owned within the neighborhood.