§ 1-2. Definitions.
As used in this Code of Ethics, unless the context otherwise requires:
1. “Board” means the boards, commissions, committees, or other authorities operating on behalf of the Town as the Town Council may, from time to time, create.
2. “Board member” means a member of any Board, including regular and alternate members, but does not include any Employee of the Town.
3. “Business” means any corporation, limited liability company, partnership, sole proprietorship, trust or foundation, or other individual or organization carrying on a business, whether or not operated for profit.
4. “Compensation” means any money, thing of value, or economic benefit conferred on or received by any person in return for services rendered or to be rendered by himself or another.
5. “Council Member” means a duly elected member of the Town of Mountain Village Council.
6. “Employee” means any temporary or permanent employee of the Town, except an employee under contract to the Town.
7. “Financial interest” means a substantial interest held by an individual which is:
(a) An ownership interest in a business;
(b) A creditor interest in an insolvent business;
(c) An employment or a prospective employment for which negotiations have begun;
(d) An ownership interest in real or personal property;
(e) A loan or any other debtor interest; or
(f) A directorship or officership in a business.
8. “Official act” or “official action” means any vote, decision, recommendation, approval, disapproval, or other action, including inaction, which involves the use of discretionary authority.
9. “Town” means the Town of Mountain Village, Colorado.
10. “Town Council” means the duly elected Town of Mountain Village Council.
11. “Town official” means an elected or appointed official of the Town and includes any Board member, but does not include any Employee of the Town. (Ord. No. 2022-06 §2 (Exh. A)).