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Purchasing Policy <br />Page Two w <br />b) Purchases from $10,000 to $15,000. If the abut mount of <br />the purchase is estimateurchasecmay beeed 0made leither oby <br />to exceed $15,OCO, the p <br />advertisement and the receipt of sealed bids. or blie:s <br />obtaining two or more written Council auotationsThe opurchase <br />at the discretion oftthe <br />he Cityity Council. <br />shall be awarded by <br />c) Purchases from $2,500 to $10,000.^ ��Othbutmnotttof the <br />purchase is estimated to exceed 'belmade only after <br />exceed $10*000, the purchase may Tiers <br />obtaining swo or more written quotations City Council. <br />and the purchase shall be awarded by <br />d) Purchases from $1,000 to $2,500. If the amount of the <br />purchase is estimated to exceed be 000, but made onlynot to <br />after <br />exceed $2,500, the purchase may <br />obtaining two or more written or verbal quotations (if <br />verbal quotations are obtained they shall be recorded <br />and attached to the purchase order issued) from <br />suppliers and the purchase shall be authorized by the <br />Clerk -Administrator if the item has been specificA"N' <br />identified in the current year's adopted budget or if <br />purchase shall be r <br />not in the rCityyCouneilbudget the p <br />awarded by the <br />e) Purchases under $1,000. If the amount quotations the <br />eapurchase <br />is estre <br />imated to be under ed. T, q urchase may be <br />encouraged but not required. Tepartment for which <br />authorized by the head of the department <br />the expenditure has been budgeted. <br />2.02 FORMAL BIDS <br />All purchases which require advertisement and the receipt <br />of Pealed bids shall be awarded by the Citv Council. <br />2,03 STATEMENT OF GENERAL CONDITIONS roved bl, the <br />A statement of "General Conditions", as aecifications sub - <br />City Council, may be included with all sp generalids. These con- <br />mitted to suppliers <br />for orated <br />thepurchase of supplies, linoall contracts awarded for <br />hps may lies, equipment, or services. <br />the pu <br />2.04 COMPLIANCE WITH LEGAL PROVISIONS 1 with all <br />Two purchasing procedures employed shall comply <br />f rho State and of the <br />applicable laws and reguiatioi;s ..�- -••- <br />City of Mounds View. <br />