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12-01-20 HRS Agenda PacketSPECIAL MEETING AGENDA This meeting will be held via Webex in accordance with the local emergency declaration made by the City under Minn. Stat. § 12.37. The public may monitor this meeting by watching on Comcast cable channel 16, by streaming on CCXmedia.org, or by calling 1-415-655-0001 and entering the meeting code 177 745 3148. The public may participate in this meeting during public comment sections, including the public forum beginning at 6:20 pm, by calling 763-593-8060. Additional information about monitoring electronic meetings is available on the City website. For technical assistance, please contact the City at 763-593-8007 or webexsupport@goldenvalleymn.gov. If you incur costs to call into the meeting, you may submit the costs to the City for reimbursement consideration. Pages 1.Call to Order A.Roll Call 2.Approval of Agenda 3.Public Comment and Adoption of the HRA 2021 Budget and Levy Resolution #20-06 4.Consider Modifications to Bylaws Adjusting Meeting Schedule Resolution #20-07 5.Adjournment December 1, 2020 – 6:30 pm 2 - 6 7 -17 Golden Valley Housing and Redevelopment Authority Meeting December 1, 2020 Agenda Item 3. Adopt Housing and Redevelopment Authority (HRA) 2021 Budget and a Tax Levy Payable in 2021 for a Housing Program Prepared By Sue Virnig, Finance Director Summary On March 10, 2020 a work session was held to discuss the findings and recommendations regarding a Housing Strategic Plan for Golden Valley. At that meeting, a budget was presented along with an intent to levy an HRA Housing Levy to finance the plan. On April 21, the HRA approved Resolution 20-03 intent for a HRA levy for a Housing Program. On September 15, the HRA approved Resolution 20-05 Adopting a 2021-2022 Proposed Budget and Tax Levy for 2021. The Proposed Housing Fund budget of $162,000 would use $90,000 from fund balance and finance the remainder of the budget of $72,000 with a HRA levy. The item before you is the consideration of the 2021-2022 Housing Fund Budget and 2021 HRA Property Tax Levy. Staff will make a presentation. Financial Or Budget Considerations The impact of the $72,000 Housing Levy would be $4.95 per year on a median home value of $335,000. Recommended Action Motion to approve Resolution #20-06 to adopt the Housing and Redevelopment Authority’s 2021 Budget and a Tax Levy Payable in 2021 for a Housing Program. Supporting Documents • Resolution #20-06 Adopting the HRA Proposed 2021 Budget and Establishing A Levy payable in 2021 (1 page) • 2021-2022 HRA Housing Fund Budget (3 pages) RESOLUTION #20-06 ADOPTING THE HOUSING AND REDEVELOPMENT AUTHORITY 2021 BUDGET AND ESTABLISHING A TAX LEVY PAYABLE IN 2021 WHEREAS, The Golden Valley Housing and Redevelopment Authority (the “HRA”) has authorities and powers according to MN Statutes, Sections 469.001 to 469.047. MS Statutes, Section 469.033, subd. 6 grants the HRA the power to levy and collect taxes subject to a resolution of consent from the Golden Valley City Council for a set period and, WHEREAS, The Golden Valley HRA on April 21, 2020 approved Resolution 20- 03 Approving Intent for HRA Levy for a Housing Program and on September 15, 2020 Approved Resolution 20-05 Adopting the Housing and Redevelopment Authority Budget and Proposed Tax Levy in 2021 and, WHEREAS, The HRA requested the City of Golden Valley to approve a consent to an intent to levy for HRA Housing Program that may begin with the year payable 2021. The district would include all city parcels. The resolution of intent was provided to Hennepin County by July 1. The intent of this levy gives direction to Hennepin County to set up a special district to allow for such levy in the future and, WHEREAS, The City of Golden Valley passed Resolution 20-27 Approving Intent for HRA Levy for a Housing Program, and on September 15, 2020 approved Resolution 20-53 Granting City Council Consent For the Housing and Redevelopment Proposed Tax Levy Payable in 2021 and, NOW, THEREFORE BE IT RESOLVED by the Board as follows: Section I. That there is proposed levy upon all taxable real and personal property in the City of Golden Valley, a tax rate sufficient to produce the amount as follows: REVENUE HRA HOUSING FUND LEVY $ 72,000 FUND BALANCE 90,000 TOTAL $162,000 Section 2. That the proposed budget is as follows EXPENDITURE HRA HOUSING FUND $162,000 __________________________ Larry Fonnest, Chair ATTEST: __________________________________ Timothy J. Cruikshank, Executive Director DIVISION: Housing (016)PROGRAM: Housing (9190) 2018 2019 2020 2020 2021 2021 2022 OBJECT DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATED CONCEPT ADOPTED CONCEPT Personal Services 6110 Salaries-Regular Employees $0 $0 $0 $0 $0 $109,400 $112,685 6150 Employee Insurance - - - - - 18,305 18,425 6160 Retirement - - - - - 18,545 19,100 TOTAL Personal Services - - - - - 146,250 150,210 Supplies and Services 6320 Operating Supplies - - - - - 250 250 6340 Professional Services - - 30,000 1,430 - 10,000 10,000 6344 Use of Personal Auto - - - - 500 500 6411 Conferences and Schools - - - - 3,000 3,000 6413 Dues and Subscriptions - - - - 2,000 2,000 TOTAL Supplies and Services - - 30,000 1,430 - 15,750 15,750 TOTALS - - 30,000 1,430 - 162,000 165,960 CITY OF GOLDEN VALLEY 2021 - 2022 OPERATING BUDGET 1 Percent Percent Percent Percent Percent Percent Percent Revenue Amount of Total Amount of Total Amount of Total Amount of Total Amount of Total Amount of Total Amount of Total Property Tax Revenues $0 $0 $0 $0 $0 $72,000 44.4%$165,960 100.0% Interest $0 $0 $0 $100 100.0% Fund Balance 0 0 0 0 0 90,000 55.6%0 0.0% TOTALS $0 0.0%$0 0.0%$0 0.0%$100 100.0%$0 0.0%$162,000 100.0%$165,960 100.0% HRA HOUSING FUND REVENUE DETAIL Concept 2022Concept 2021Actual 2018 Actual 2019 Adopted 2020 Estimated 2020 Proposed 2021 Fund Balance @ 01/01/20 $104,252 Estimated Revenue - 2020 $100 Estimated Expenses - 2020 1,430 Excess of Revenue Over (Under) Expenses (1,330) Estimated Fund Balance @ 12/31/20 $102,922 Adopted Revenue - 2021 72,000 Adopted Expenses - 2021 162,000 Excess of Revenue Over (Under) Expenses (90,000) Projected Fund Balance @ 12/31/21 $12,922 Concept Revenue - 2022 165,960 Concept Expenses - 2022 165,960 Excess of Revenue Over (Under) Expenses 0 Projected Fund Balance @ 12/31/22 $12,922 * Working Capital is defined as current assets minus current liabilities. CITY OF GOLDEN VALLEY HRA HOUSING FUND FUND BALANCE ANALYSIS * Golden Valley Housing Redevelopment Authority Meeting December 1, 2020 Agenda Item 4. Amendment to Housing and Redevelopment Authority By-Laws Prepared By Marc Nevinski, Physical Development Director Sue Virnig, Finance Director Summary As discussed at the November 20th HRA work session, staff is recommending amendments to Article III – Meetings of the Housing and Redevelopment Authority (HRA) By-laws modifying the quarterly regular and work session meetings to align the HRA’s budget and levy approval schedule with that of the City. This modification to the meeting schedule will avoid the need for the HRA to annually hold special meetings to approve its levy and budget. Furthermore, staff will remove the Reimbursement of Expenditures. The City will pay the claims with its normal process and shown on the City check register. Any HRA expenditures will be reported on the HRA financial reports. The proposed modifications are shown in the redline below. Section 1. Annual Meeting. The annual meeting of the Authority shall be held on the third Tuesday of January March, at the regular meeting place of the Authority, unless changed at a scheduled meeting of the Authority held prior to the established date. Section 2. Regular Meetings. Meetings shall be held quarterly at the regular meeting place of the Authority on the third Tuesday of January March (in conjunction with the annual meeting), April June, July September and October December, unless a specific meeting is changed or cancelled at a scheduled meeting of the Authority held prior to the meeting to be changed or cancelled. Section 3. Work Sessions. Work Session meetings shall be held quarterly on the second Tuesday of March February, June May, September August and December November unless a specific meeting has been changed or cancelled prior to the meeting date. Section 4. Meeting Times. Standard meeting times for the annual and regular meetings and work sessions meetings shall be established by resolution of the Authority and may only be changed by subsequent resolutions. The Authority may, however, change the meeting time for a specific meeting by motion approved at a scheduled meeting of the Authority held prior to the meeting to be changed. Section 8. Order of Business. shall be amended to delete Reimbursement of Expenditures from the section. HRA Special Meeting Executive Summary City of Golden Valley December 1, 2020 2 Financial Or Budget Considerations Not applicable Recommended Action Motion to approve Resolution #20-07 in the form approved by the City Attorney for Amending the Housing and Redevelopment Authority By-Laws. Supporting Documents • HRA Resolution #20-07 Amending Housing and Redevelopment Authority By-Laws (2 pages) •Amended By-Laws of the Golden Valley Housing and Redevelopment Authority (7 pages) HRA RESOLUTION #20-07 RESOLUTION AMENDING THE HOUSING AND REDEVELOPMENT AUTHORITY BY-LAWS WHEREAS, the Housing and Redevelopment Authority (Authority) for the City of Golden Valley desires to change a portion of its By-laws. NOW, THEREFORE, BE IT RESOLVED by the Golden Valley Housing and Redevelopment Authority in and for the City of Golden Valley, Minnesota that the following amendments to its By-Laws are hereby adopted: Section 1. By-Laws of the Golden Valley Housing and Redevelopment Authority, Article III, Section 1 is amended to read as follows: Section 1. Annual Meeting. The annual meeting of the Authority shall be held on the third Tuesday of March, at the regular meeting place of the Authority, unless changed at a scheduled meeting of the Authority held prior to the established date. Section 2. By-Laws of the Golden Valley Housing and Redevelopment Authority, Article III, Section 2 is amended to read as follows: Section 2. Regular Meetings. Meetings shall be held quarterly at the regular meeting place of the Authority on the third Tuesday of March (in conjunction with the annual meeting), June, September and December, unless a specific meeting is changed or cancelled at a scheduled meeting of the Authority held prior to the meeting to be changed or cancelled. Section 3. By-Laws of the Golden Valley Housing and Redevelopment Authority, Article III, Section 3 is amended to read as follows: Section 3. Work Sessions. Work Session meetings shall be held quarterly on the second Tuesday of February, May, August and November unless a specific meeting has been changed or cancelled prior to the meeting date. Section 4. By-Laws of the Golden Valley Housing and Redevelopment Authority, Article III, Section 4 is amended to read as follows: Section 4. Meeting Times. Standard meeting times for the annual and regular meetings and work sessions meetings shall be established by resolution of the Authority and may only be changed by subsequent resolutions. The Authority may, however, change the meeting time for a specific meeting by motion approved at a scheduled meeting of the Authority held prior to the meeting to be changed. Section 5. By-Laws of the Golden Valley Housing and Redevelopment Authority, Article III, Section 8 is amended to read as follows: HRA Resolution #20-07 -2-December 1, 2020 Section 8. Order of Business. At the regular meetings of the Authority, the following shall be the order of business: 1.Roll Call 2. Approve Agenda 3. Consent Agenda Approval of Minutes Receipt of Financial Reports Routine Items if needed to be approved 4. Public Hearing (if needed) 5. Old Business 6. New Business 7. Adjournment All resolutions shall be in writing and shall be copied in the journal of proceedings of the Authority. BE IT FURTHER RESOLVED that the By-laws as herein amended are attached and labeled "Exhibit A" By-laws of the Golden Valley Housing and Redevelopment Authority. Adopted by the Housing and Redevelopment Authority this 1st day of December, 2020. _____________________________ Larry Fonnest, Chair ATTEST: _____________________________ Timothy J. Cruikshank, Executive Director Exhibit A BY-LAWS OF THE GOLDEN VALLEY HOUSING AND REDEVELOPMENT AUTHORITY Article I – The Authority Section 1. Name of Authority. The name of the Authority shall be the “Housing and Redevelopment Authority of Golden Valley, Minnesota”. Section 2. Seal of Authority. The seal of the Authority shall be in the form of a circle and shall bear the name of the Authority and the year of its organization. Section 3. Office of Authority. The offices of the Authority shall be at the Golden Valley City Hall, 7800 Golden Valley Road, in the City of Golden Valley, State of Minnesota, but the Authority may hold its meetings at such other place or places as it may designate by resolution. Article II – Officers Section 1. Officers. The officers of the Authority shall be a Chairperson and Vice- Chairperson. Section 2. Chairperson. The Chairperson shall preside at all meetings of the Authority. Except as otherwise authorized by resolution of the Authority, the Chairperson shall sign all contracts, deeds and other instruments made by the Authority. At each meeting, the Chairperson shall submit such recommendations and information as he/she may consider proper concerning the business, affairs and policies of the Authority. Section 3. Vice-Chairperson. The Vice-Chairperson shall perform the duties of the Chairperson in the absence or incapacity of the Chairperson; and in the case of the resignation or death of the Chairperson, the Vice-Chairperson shall perform such duties as are imposed on the Chairperson until such time as the Authority shall select a new Chairperson. Section 4. Director. The Director shall be the City Manager of Golden Valley. He/she shall have responsibility for the general supervision of the projects of the Authority and supervision of the personnel of Golden Valley who are to furnish services to the Authority. He/shall perform, or have performed, such activities as the Authority shall from time to time reasonably request. He/she shall be responsible for the care and custody of all funds of the Authority and for the deposit thereof in the name of the Authority in such bank or banks as the Authority from time to time shall designate; for the keeping of regular books of accounts showing receipts and expenditures; for rendering to the Authority, at each quarterly meeting of the Authority, an account of the income and expenses of the Authority, for rendering of such additional financial and other reports as the Authority from time to time shall request. Section 5. Support Personnel. The Director shall be responsible for and have the authority to, employ, terminate or utilize other available personnel to perform HRA functions. This authority is in keeping with and under the same provisions as the City Manager of the City of Golden Valley is empowered to direct personnel under State law. Such personnel may include an Assistant Director who may perform the duties of the Director in his or her absence. Section 6. Secretary. The Secretary shall be any one of the secretaries made available from time to time by the Director for use by the Authority from the personnel of Golden Valley and shall perform all duties required of the position, including but not limited to, the following: taking of dictation, doing typing and filing for any of the Authority’s administrative staff, taking minutes and keeping records of meetings of the Authority, public hearings, and staff meetings as required by the Director, and any other secretarial work necessary to the timely and successful completion of the Authority’s projects, as required by the Director. Section 7. Additional Duties. The officers of the Authority shall perform such other duties and functions as may from time to time be required by the Authority or the By-Laws or rules and regulations of the Authority. Section 8. Election or Appointment. The first Chairperson shall, pursuant to his/her appointment, serve in the capacity of Chairperson until the expiration of his/her term of office as Commissioner. The vice-Chairperson and the Chairperson shall be elected at the annual meeting of the Authority from among the Commissioners of the Authority, and shall hold office for one year or until their successors are elected and qualified. Section 9. Vacancies. Should the office of Chairperson or Vice-Chairperson become vacant, the Authority shall elect a successor from its membership at the next regular meeting, and such election shall be for the unexpired term of said office. When the office of the Director becomes vacant, the Authority shall appoint a successor, as aforesaid. Section 10. Additional Personnel. The Authority may, from time to time, employ such personnel as it deems necessary to exercise its powers, duties, and functions as prescribed by the Municipal Housing and Redevelopment Law of Minnesota applicable thereto. The compensation of such personnel (including the Director) shall be determined by the Authority subject to the laws of the State of Minnesota. Article III – Meetings Section 1. Annual Meeting. The annual meeting of the Authority shall be held on the third Tuesday of March, at the regular meeting place of the Authority, unless changed at a scheduled meeting of the Authority held prior to the established date. Section 2. Regular Meetings. Meetings shall be held quarterly at the regular meeting place of the Authority on the third Tuesday of March (in conjunction with the annual meeting), June, September and December, unless a specific meeting is changed or cancelled at a scheduled meeting of the Authority held prior to the meeting to be changed or cancelled. Section 3. Work Sessions. Work Session meetings shall be held quarterly on the second Tuesday of February, May, August and November unless a specific meeting has been changed or cancelled prior to the meeting date. Section 4. Meeting Times. Standard meeting times for the annual and regular meetings and work sessions meetings shall be established by resolution of the Authority and may only be changed by subsequent resolutions. The Authority may, however, change the meeting time for a specific meeting by motion approved at a scheduled meeting of the Authority held prior to the meeting to be changed. Section 5. Special Meetings. Special meetings of the Authority may be called by the Chairperson or two members of the Authority for the purpose of transacting any business designated in the call. The call for a special meeting may be either: (a) in writing and delivered at any time prior to the time of the proposed meeting to each member of the Authority or mailed to the business or home address of each member of the Authority, or (b) verbal by direct contact or telephone. In any event, said call shall be given at least two (2) days prior to the date of such special meeting, and it shall be posted in accordance with the Minnesota Open Meeting Law. At such special meetings no business shall be considered other than as designated in the call, but if all the members of the Authority are present at special meetings, any and all business may be transacted as such special meeting. Section 6. Executive Session. Upon being duly noticed, all or part of any regular or special meeting may be held as a closed, executive session to the extent permitted by Minnesota Law. Section 7. Quorum. The powers of the Authority shall be vested in the Commissioners thereof in office from time to time. Three Commissioners shall constitute a quorum for the purpose of conducting its business and exercising its powers and for all other purposes, but a smaller number may adjourn from time to time until al quorum is obtained. When a quorum is in attendance, action may be taken by the Authority upon a vote of a majority of the Commissioners present. Section 8. Order of Business. At the regular meetings of the Authority, the following shall be the order of business: 1. Roll Call 2. Approve Agenda 3. Consent Agenda Approval of Minutes Receipt of Financial Reports Routine Items if needed to be approved 4. Public Hearing (if needed) 5. Old Business 6. New Business 7. Adjournment All resolutions shall be in writing and shall be copied in the journal of proceedings of the Authority. Section 9. Manner of Voting. Yeas and Nays of the Commissioners shall be recorded on all matters before the Authority, except those questions requiring a roll call vote. The voting on all matters shall be entered upon the minutes of such meeting. Article IV – Disbursement of Funds Funds shall be appropriated and disbursed by the Director under the direction of the Authority. There will be a two-signature requirement on any check issued by the Authority. Persons authorized to sign Authority checks are the Chairperson (or Vice-Chairperson in the absence of the Chairperson), and the Director. The signatures of the Chairperson or Vice-Chairperson may be by signature stamp to the extent authorized by the Chairperson or the Vice-Chairperson. Article V – Amendments Amendments to By-Laws. The By-Laws of the Authority shall be amended the affirmation vote of at least three of the members of the Authority. Article VI – Code of Ethics Section 1. Policy. Subdivision 1. General Declaration of Policy. It is imperative that all persons acting in the public service not only maintain the highest possible standards of ethical conduct in their transaction of public business, but that such standards be clearly defined and known to the public as well as to the persons acting in public service. The proper operation of democratic government requires that public officials be independent, impartial and responsible to the people; that governmental decisions and policies are made in the proper channels of the governmental structure; that public office not be used for personal gain; and that the public have confidence in the integrity of its government. In recognition of these goals there is hereby established a Code of Ethics for public officials of the Authority. The purpose of this Code is to establish ethical standards of conduct for such officials by setting forth those acts or actions that are incompatible with the best interests of the Authority and by directing disclosure by such officials of private, financial or other interests in matters affecting the Authority. The provisions and purpose of this Code are declared to be in the best interests of the Authority. Subdivision 2. Responsibilities of Public Office. Public officials are agents of public purpose and hold office for the benefit of the public. They are bound to uphold the Constitution of the United States and the Constitution of this State and to carry out impartially the laws of the nation, state and municipality and thus, to foster respect for all government. They are bound to observe in their official acts, the highest standards or morality and to discharge faithfully the duties of their office. Subdivision 3. Dedicated Service. All officials of the Authority shall be dedicated to fulfilling their responsibilities of office described herein. They shall be dedicated to the public purpose and all programs developed by them shall be in the community interest. Public officials shall not exceed their authority or breach the law or ask others to do so, and they shall work in full cooperation with other public officials and employees unless prohibited from doing to by law or by officially recognized confidentiality of their work. Subdivision 4. Scope of Persons Covered. The provisions of this Code of Ethics shall be applicable to the Director, all Commissioners of the Housing and Redevelopment Authority of Golden Valley, Minnesota, and all advisory commissions and committee members thereof. The Director shall promulgate a similar Code of Ethics for paid employees and consultants. Section 2. Fair and Equal Treatment. Subdivision 1. Subject to the provisions of Subdivision 3 below, no commissioner, advisory commission member or committee member, while acting as such, shall participate in the discussion of, or vote on, any issue in which he or she had any direct financial or personal interest which arises from blood or marriage relationships. “Direct financial interest” is hereby deemed to mean such an interest as would involve a reasonable likelihood to gain having a monetary value of substance. “Blood relationships” and “marriage relationships” shall be deemed for the purpose hereof to include only immediate family relationships of the first degree: spouse, children, mother, father, father- in-law, mother-in-law, stepfather, stepmother, brother, sister, sister-in-law and brother-in- law. Subdivision 2. Subject to the provisions of Subdivision 3 below, if a commissioner, advisory commission member or committee member has a financial interest in a business, investment, or transaction, which has a matter pending before the Authority, he or she shall not participate in the discussion as such public official or vote on the matter. Subdivision 3. No persons covered by this Code of Ethics shall take any official action with respect to a matter in which he or she has a direct financial interest or personal interest which arises from blood or marriage relationships, provided that participation in the decision-making process on his or her own behalf as a private citizen shall not be prescribed by this Code of Ethics, and provided further that he or she may participate in matters leading up to or preliminary to official action to the extent that he or she may have in the same and to the extent that he or she has no discretion to make a final controlling judgment or vote on the same. Disclosure of any such financial or personal interest shall be made to the board, commission or committee of which the person is a member when the item appears on the agenda. Such disclosures shall be recorded in the minutes and become a matter of public record. Subdivision 4. No person covered by this Code of Ethics shall, without proper legal authorization, disclose confidential information concerning the property, government, or affairs of the Authority, nor shall he or she use such information to advance the financial or other private interests of any person. Subdivision 5. No person covered by this Code of Ethics shall directly or indirectly solicit any gift or accept or receive any gift of substance whether in the form of money, services, loan, travel, entertainment, hospitality, promise or any other form, under circumstances in which it could be reasonably inferred that the gift was intended to influence him or her, or could reasonably be expected to influence him or her in the performance of his or her official duties or was intended as a reward for any official action on his or her part. Subdivision 6. Commissioner shall appear in behalf of another’s private interest before the commission, any committee or board of the Authority, nor shall he or she represent another’s private interests in any action or proceeding against the interests of the Authority in which the Authority is a party. Subdivision 7. Except as specifically authorized by Section 471.88 of the Minnesota Statutes, no person covered by this Code of Ethics who is authorized to take part in any manner in making any sale, lease or contract in his official capacity shall have a direct financial interest in that sale, lease or contract or personally benefit financially therefrom. Section 3. Public Disclosure by Commissioners. Subdivision 1. Unless already on file pursuant to the Golden Valley Code of Ethics, within 30 days after the effective date of this Code of Ethics, each member of the Authority shall file, as a public record, in the office of the Director, a signed statement disclosing the following: 1. A list of names of all business corporations, governmental agencies, companies, firms or partnerships or other business with the Authority or at some location within the City of Golden Valley (a) with which he or she is connected as an employee, officer, owner, director, trustee, partner, advisor, consultant, fiduciary (other than as a nominee), or (b) in which he or she has any continuing financial interest, through a pension or retirement plan, shared income, or otherwise, as a result of any current or prior employment or business or professional association, or (c) in which he or she has any financial interest through the ownership of stocks, bonds or other securities. 2. A list of his or her interests in real property or rights in the same located within the City of Golden Valley. Subdivision 2. Within 30 days after each anniversary date of initial filing each person required to make such a filing under this Section 4 shall file a new disclosure statement setting forth the information required hereby as of the time of the new statement. Subdivision 3. Material changes in financial interest or in positions held shall be disclosed by filing an amended disclosure statement within 30 days after such interest is obtained or such changed position occurs. Subdivision 4. This Code of Ethics shall not be construed to require the filings of any information relating to any persons’ connection with, or interest in, any professional society or any charitable, religious, social, fraternal, educational, recreational, public service, civic or political organization, or any similar organization not conducted as a business enterprise or governmental agency and which is not engaged in the ownership or conduct of such a business enterprise or governmental agency. Nor shall disclosure be required hereby where prohibited by professional or business association ethics promulgated by any agency. Subdivision 5. The Director shall inform each person required by this Section 4 to file a disclosure statement at the time and place for filing. The Director shall notify the Authority whenever a person who is required by this Section 4 to file a disclosure statement who fails to do so.