• Home
  • :
  • :
  • Member Center
  • :
  • Make This Your Home Page
  • :
  • Special Offers


LOCAL NEWS

TV

Cars.com
cars.com  Find a Car
 Find a Dealer
 Sell Your Car
Other Services
 MoveCenter
 Datingcenter

Reports show wealthiest at City Hall, like Leppert, come from city's north

04:27 PM CDT on Tuesday, May 6, 2008

By DAVE LEVINTHAL and RUDOLPH BUSH / The Dallas Morning News
dlevinthal@dallasnews.com; rbush@dallasnews.com

Many of Dallas' wealthiest residents live in the city's northernmost neighborhoods. It may come as little surprise, then, that they're represented by Dallas' wealthiest City Council representatives, according to annual personal financial disclosures the officials have filed.

Mayor Tom Leppert and City Council members Mitchell Rasansky and Ron Natinsky each report owning tens of thousands of shares in dozens of stocks and mutual funds and, to varying degrees, interests in businesses and real estate.

Council members are only required to list their assets in broad ranges, making a complete accounting of their personal finances difficult.

Deputy Mayor Pro Tem Dwaine Caraway and council members Vonciel Jones Hill and Steve Salazar reported owning no stocks, bonds, mutual funds, or receiving interest, dividends or royalties from any personal investments. Their land holdings are minimal, the disclosures indicated.

Council members Tennell Atkins and Carolyn Davis have yet to file the mandatory reports for 2007. City Secretary Deborah Watkins said she granted both 15-day extensions.

Mr. Leppert reported earning $25,000 or more in stock sales, interest, dividends or royalties from eight funds or accounts. He also owned stock shares in several companies, including Dallas City Bank, Tissue Genesis and Washington Mutual, and invested in numerous mainstream mutual funds.

The mayor also disclosed that he was a director or board member of 27 different businesses or organizations during 2007.

Mr. Rasansky reported holding 1,000 to 4,999 shares in 25 different equities, including Boeing, Costco, Nokia, ExxonMobil, General Dynamics, AT&T and Verizon.

He also said he owned more than 10,000 shares of three other companies, including Citigroup – a holding that's forced Mr. Rasansky to recuse himself from debating or voting on issues concerning a proposed Dallas Convention Center hotel. Citigroup would be among the project's underwriters.

Mr. Rasansky, a four-term District 13 representative, reported interests in 39 pieces of real property and 25 business entities.

Disclosures for Mr. Natinsky, a longtime entrepreneur in electronics and technology who represents District 12, showed considerable holdings in more than 60 stocks, including many tech companies.

District 3 council member Dave Neumann also reported significant stock holdings in companies including American Airlines, ExxonMobil, Merck, Research in Motion and TXU Corp.

District 14 council member Angela Hunt's disclosures showed holdings of several thousand shares in six Merrill Lynch mutual funds.

COUNCIL TICKETS OUT ON THE TOWN

In their mandatory personal financial disclosures, several Dallas City Council members noted, as required by the state, that they accepted free tickets worth $250 or more to events around town – mostly political, charitable or sporting events. Among the disclosures:

SPORTS: Vonciel Jones Hill reported accepting six football tickets to two games from public relations agent Ken Carter and businessman Gilbert Aranza, while Pauline Medrano took two basketball tickets from law firm Linebarger, Goggan, Blair & Sampson.

POLITICS: Linda Koop, Jerry Allen and Ron Natinsky each accepted two tickets to a fundraising dinner for Mayor Tom Leppert. Mr. Natinsky also accepted two tickets to a Dallas Symphony Orchestra event sponsored by AT&T.

MAYOR'S GIFTS: Mr. Leppert reported receiving three separate gifts of apparel or merchandise, including a pair of boots from the Texas Stampede. He also reported accepting 64 honorariums, typically under $100 but as much as $300, for various luncheons, dinners and speaking engagements.

HUNT'S INVITES: Angela Hunt accepted tickets to the annual Black Tie Dinner, an event that raises money to support gay and lesbian causes. She also accepted tickets to a philanthropic gala at the Creative Arts Center of Dallas. She took one trip to Los Angeles sponsored by PATH Partners, where she was on a panel about housing for the homeless.

Dave Levinthal and Rudolph Bush