Form 700 is the Statement of Economic Interest that elected officials, high-level officials, and other people designated by an entities’ conflict of interest code must file disclosing their economic interests. In a short series, here is a look at the Form 700s (2011/2012) of the San Bernardino Common Council, starting numerically with the First Ward, Council member Virginia Marquez.
Council member Marquez filed her 2011/2012 Form 700 with the City Clerk on February 28, 2012. The California Fair Political Practices Commission received it on April 12, 2012. The form is handwritten.
After the cover page, the first schedule attached is Schedule B, Interests in Real Property (Including Rental Income). Council member Marquez acquired a property in the 92404 zip code. Even though it has an address with the county numbering system, a check of the assessor’s parcel map (which is only intended for the purpose of ad valorem taxation, but is commonly used for other purposes, shows that the property is within the City of San Bernardino. The tax collector records online confirm that Council member Marquez acquired the property on the date she said she acquired the property on the Form 700. Council member Marquez does not claim any gross rental income from the property. The fair market value claimed is in line with the assessed amount of the property found on the latest tax bill. It appears, though I cannot confirm, that the property in question is currently in the 7th Ward.
Form 700 on its face states “You are not required to report loans from commercial lending institutions made in the lender’s regular course of business on terms available to members of the public without regard to your official status.” However, Council member Marquez appears to report such a loan, a thirty-year loan at 4.875 percent interest from Wells Fargo Bank, N.A. There is of course, no harm to the public about disclosing more information than is required. In other capacities, I have seen public officials over-disclose.
No other information is provided on Council member Marquez’s Statement of Economic Interest Form 700 for 2011/2012. The next in the series will be the Second Ward.