Bruce Holloway writes: In his statement of economic interests upon leaving office as library board chair, Capitola City Council Member Mike Termini failed to disclose the true percentage of his ownership interest in Triad Electric, Inc., a local electrical contractor. He also failed to disclose $17,000 worth of business Triad Electric did last September for NHS Inc., a local skateboard manufacturer. That's roughly equal to two years worth of rent that Santa Cruz Council Member Micah Posner omitted on his disclosure forms.

Termini's Form 700, dated January 12, can be accessed via the Library website, and is and signed under penalty of perjury. It includes Schedule A-1, for ownership interests of less than 10%, which says his stock in Triad Electric is worth over $1 million. Had he included Schedule A-2, for ownership interests of 10% or more, there'd be a place on the form to disclose individual sources of income of $10,000 or more per year, such as NHS.

On the exact same day, California's Fair Political Practices Commission issued an advice letter to Heather Lenhardt, Termini's lawyer. Capitola is paying for Termini's legal representation (as if this millionaire couldn't afford it). Based on information she provided, the FPPC concluded that Termini really owns 100% of Triad Electric, which in fact did $17,000 worth of business with NHS.

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