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As used in this chapter, the following definitions shall apply:

“Municipal officer” means the mayor, assembly members, manager, and members of the planning and zoning commission.

“Substantial financial interest” means an expectation of receiving a non-trivial pecuniary or material benefit or loss. A person who has an ownership interest, or is a director, officer or employee of an organization or entity has a substantial financial interest in regard to that organization, and may not vote on contracts, agreements, or other actions involving that organization. [Ord. FY2018-16 §2, 2018; Ord. 98-02 §4, 1998; Ord. 84-61-O §10, 1984; Ord. 84-11-O, 1984; Ord. 79-11-O , 1979. Formerly §2.18.020].