Tons of detail.
Here are the instructions.
Form 1 Instructions
Items to Note:
- The Mayor selected percentage thresholds.
- Part A - The Mayor does not have to list his City salary ($100,000)
- "Gross income" means the same as it does for income tax purposes, even if the income is not actually taxable, such as interest on tax-free bonds. Examples include: compensation for services, income from business, gains from property dealings, interest, rents, dividends, pensions, IRA distributions, social security, distributive share of partnership gross income, and alimony, but not child support.
- Mayor says none! He must not have had anything over $5,000 since its a 5% threshold.
- Part B is blank as it should since he had no income reported above.
- Part C - The Mayor lists property that he owns at 13900 Innerarity Point Road Esc Co. He does not have to list his home.
- Indirect ownership includes situations where you are a beneficiary of a trust that owns the property, as well as situations where you are more than a 5% partner in a partnership or stockholder in a corporation that owns the property. The value of the property may be determined by the most recently assessed value for tax purposes, in the absence of a more current appraisal.
- The location or description of the property should be sufficient to enable anyone who looks at the form to identify the property. A legal description of the property may be used, but is not required. Simpler descriptions, such as "duplex, 115 Terrace Avenue, Tallahassee" or "40 acres located at the intersection of Hwy. 60 and I-95, Lake County" are sufficient.
- The ESCPA website does not reflect anything at this address.
- It appears this is the Redfish Harbor owned property that has the same mailing address as Roads Inc.
- Thus the Mayor must own greater than 5% Redfish Harbor since he listed it.
- The Mayor does NOT list the Hallmark School property although it had an assessed value of $1,525,604.
- Thus if the Mayor owns an interest in 349 LLC as sources have told me, it must be less than 5% or he is falsely omitting this valuable asset.
- Part D is for Intangible Personal Assets.
- Intangible personal property includes such things as money, stocks, bonds, certificates of deposit, interests in partnerships, beneficial interests in a trust, promissory notes owed to you, accounts receivable by you, assets held in IRA’s, Deferred Retirement Option accounts, Florida Prepaid College Plan accounts
and bank accounts.
- The Mayor reports none!
- Part E is for liabilities that exceeded your net worth.
- You do not have to disclose any of the following: credit card and retail installment accounts, taxes owed (unless reduced to a judgment), indebtedness on a life insurance policy owed to the company of issuance, or contingent liabilities.
- The Mayor lists his ServisFirst Mortgage and his Warrington Bank Mortgage.
- The Warrington Bank Mortgage is for $980,000.
- His Servisfirst Mortgage is for $375,500 so the Mayor's net worth is obviously less than $375,500.
Remember his press release yesterday stated:
"As Mayor, I have worked to promote a culture of openness and transparency at City Hall." he said. "I have asked employees to fully comply with this process as it moves forward, and my administration will make any new information available to the public as quickly as possible. Everything we do on behalf of citizens is rightfully open to review and scrutiny, and I look forward to a swift and satisfactory resolution to this inquiry."