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TYPES OF CONTRACTS AND PURCHASES <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 <br /> the city. Changes in this law will automatically become the policy of the city. <br /> City policy may be more restrictive than State Law, but may not be less <br /> restrictive. Records of quotes and bids shall be retained for at least one year <br /> after the completion of the contract or purchase or until the annual audit for the <br /> year of the purchase is completed, whichever is longer. <br /> 2.2 MAJOR PURCHASES <br /> Sealed bids shall be obtained by public notice for major purchases with final <br /> award by the City Council. From 2002 onward, this shall be for purchases <br /> over $50,000, per Chapter 471.345. <br /> 2.3 INTERMEDIATE PURCHASES <br /> Three or more written quotes shall be obtained for <br /> intermediate purchaseswith <br /> final award by the City Council. From 2002 onward, this shall be for <br /> • purchases between $5,000 and $50,000. <br /> 2.4 SMALL PURCHASES <br /> Purchases may be made by at least two written quotes when possible, or in the <br /> open market, at the discretion of the Department Head. From 2002 onward, <br /> this shall be for purchases less than $5,000. <br /> Department Heads shall advise the City Administrator prior to purchases <br /> between $1,000 and $5,000. Purchases between $2,500 and $5,000 shall be <br /> approved by the City Council if they were not part of the annual budget. <br /> ONGOING SERVICE CONTRACTS <br /> Contracts for ongoing services shall be submitted to the City Council for <br /> approval regardless of their dollar amount. <br /> 2.5 PROFESSIONAL SERVICES <br /> 2.5.1 Applicability <br /> This procedure applies to all advisory auditing, engineering, financial, legal, <br /> • personnel, technical, training, or other services. <br /> 2 <br />