97-060 - King County - Solid Waste Reduction and Recycling Grant

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c ut• Iltuatrtir•• rn MX 4 These agencies shall similarly discharge those dunes this chapter require- dep. cots 2 and shall include the county prosecuting attorney. the county assessor. an the county 3 council. 4 0. "Director" shall mean the directors of executive departments and chief officers of 5 administrative offices. 6 P. "Front" shall mean a business which purports to be a minorttyiwomen's business 7 but which is actually owned and/or controlled in a manner which is inconsistent with the 8 requirements of certification. 9 Q. "Joint venture" shall mean an association of two or more persons. partnerships, 10 corporations or any combination of them, established to carry on a single business activity 11 which is limited in scope or direction. The degree to which a joint venture may satisfy. 12 relevant utilization goals cannot exceed the proportionate interest of the minority /women's 13 business held as a member of the joint venture in the work to be performed. The 14 agreement establishing the joint venture, partnership or other multi entity relationship shall 15 be in writing. Further. minority/women's participation in a joint venture shall be based on 16 the sharing of real economic interest in the venture and shall include proportionate control 17 over management, interest in capital acquired by the joint venture. and interest in earnings. 18 R. "Legitimately Owned and Controlled" shall mean for the purpose of determining 19 whether a business is a "minority business" that minorities shall possess: 20 1. Ownership of at least fifty -one percent interest in the business, unless the 21 minority business qualifies as a corporate sponsored dealership under the provisions of 22 WAC 326 -02 -030. The ownership shall be real and continuing, and shall go beyond the 23 pro forma ownership of the business reflected in the ownership documents. The minority 24 owner(s) shall enjoy the customary incidents of ownership and shall share in the risks and 25 profits commensurate with their ownership interests, as demonstrated by an examination of 26 the substance, rather than the form, of arrangements. 27 2. Control over management, interest in capital, interest in profit or loss and 28 contributions to capital. equipment and expertise on which the claim of minority owned 29 status under this chapter is based. The minority owners must possess and exercise the legal 30 power to direct the management and policies of the business and to make day to-day as