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Disclosures out for TC politicians
Public papers revealing what Tri-City politicians own and owe were released by the three municipalities last week.
And two new names were added to financial disclosure documents, resulting from last fall's byelection in Coquitlam.
Under the Financial Disclosure Act, elected city officials' assets, liabilities and sources of income must be released on Jan. 15.
Still, they don't offer a whole lot of insight into their personal dealings: Mortgages or money borrowed for household and living expenses need not be listed on the provincial forms, for example. And they aren't required to disclose what land they own outside of the community unless they're seeking provincial office.
Like last year, the 2014 forms indicate the three Tri-Cities' mayors have external jobs besides their city, Metro Vancouver and TransLink gigs: Coquitlam Mayor Richard Stewart is the proprietor of Stewart Communications; Port Coquitlam Mayor Greg Moore, who also chairs the Metro board, is the owner of Livable Region Consulting Inc.; and Port Moody Mayor Mike Clay works for Tero Consulting and owns TTS Automation Inc., a computer consulting business.
As for the two new Coquitlam city councillors, Chris Wilson pulls a salary from Chris Wilson Enterprises, of which he's the owner and sole proprietor, and as executive director of KidSport. The former Olympian also owns the property beside his residence (he built both homes) and lists 47 companies — mostly in mining and energy — in which he's a shareholder.
And newly elected Coun. Bonita Zarrillo has assets in six companies and draws an income from BZ3 Flexible Assets, a job placement firm she owns.
Other items of note:
• Coquitlam Coun. Lou Sekora is the president of a shell company that has no land or creditors; he also has assets in the Westside Preparatory Society, Jade Mine (Dease Lake) and KCM Energny Inc.;
• Coquitlam Coun. Terry O'Neill is the writer, editor and corporate secretary of Eureka Resources Inc., of which he's a shareholder; and is a writer and editor with O'Neill Hotel and Resorts;
• Coquitlam Coun. Brent Asmundson, a bus driver with the Coast Mountain Bus Co., owns two properties on Burke Mountain, including his own residence;
• and Port Moody Coun. Rick Glumac owns shares in 26 corporations (including Dreamworks Animation SKG, which he worked for on Shrek 2, Madagascar and Over the Hedge).
The 2014 financial disclosures are not posted online, which is not a requirement under the provincial act; however, the statements are available for public viewing on weekdays at the city clerk's offices.