The manager may not acquire, sell, transfer, or contract authorized by KIBC 3.30.010 if the value paid to a vendor or a value of the property, service, or contract exceeds $50,000 without first obtaining assembly approval with the exception of utility bills, which may be paid without assembly approval. Similar types of work, even if performed in different geographic locations, are considered “in the aggregate” regardless of the project, contract, purchase orders, or change order and require assembly notification if the total payment to one contractor or vendor exceeds $50,000 in one fiscal year. The manager will report to the assembly, at its next regular meeting, contracts of $50,000 or less between the borough and (A) a member of the assembly, (B) an assembly member’s immediate family, or (C) a business in which the assembly member is associated or has an ownership interest. “Immediate family of an assembly member” means a parent; sibling; child by blood, adoption, or marriage; spouse; grandparent or grandchild. [Ord. FY2024-13 §2, 2024; Ord. FY2013-11 §2, 2013; Ord. 2004-02 §4; Ord. 00-04 §2, 2000; Ord. 98-03 §2, 1998; Ord. 84-61-O §10, 1984; Ord. 81-20-O, 1981; Ord. 76-6-O §1, 1976. Formerly §3.16.020].