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TYPES OF CONTRACTS AND PURCHASES <br /> <br />2.1 UNIFORM MUNICIPAL CONTRACTING LAW, CHAPTER 471.345 <br />It shall be the policy of the City of Mounds View that the Uniform Municipal <br />Contracting Law, Minnesota Statutes Chapter 471.345 shall be the policy of the city. <br />Changes in this law will automatically become the policy of the city. City policy <br />may be more restrictive than State Law, but may not be less restrictive. Records of <br />quotes and bids shall be retained for at least one year after the completion of the <br />contract or purchase or until the annual audit for the year of the purchase is <br />completed, whichever is longer. <br /> <br />2.2 MAJOR PURCHASES <br />Sealed bids shall be obtained by public notice for major purchases with final award <br />by the City Council. From 2009 2002 onward, this shall be for purchases over <br />$100,000 $50,000, per Chapter 471.345. <br /> <br />2.3 INTERMEDIATE PURCHASES <br />Three or more written quotes shall be obtained for intermediate purchases with final <br />award by the City Council. From 2009 2002 onward, this shall be for purchases <br />between $25,000 $5,000 and $100,000 $50,000. <br /> <br />2.4 SMALL PURCHASES <br />Purchases may be made by at least two written quotes when possible, or in the open <br />market, at the discretion of the Department Head. From 2009 2002 onward, this <br />shall be for purchases less than $25,000 $5,000. <br /> <br />Department Heads shall advise the City Administrator prior to purchases between <br />$1,000 and $5,000. Purchases between $2,500 and $5,000 shall be approved by the <br />City Council if they were not part of the annual budget. <br />