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Purchasing Policy <br />Page Two <br />b) PurchaseA from $l0,000 to $15,000. If the amount of <br />the purchase is estimated to exceed $10,000, but not <br />to exceed $15,000, the purchase may be made either by <br />advertisement and the receipt of sealed bids, or by <br />obtaining two or more written quotations from suppliers <br />at the discretion of the City Council. The purchase <br />shall be awarded by the City Council. <br />c) Purchases from $2,500 to $10,000. If the amount of the <br />purchase s est mated to exceed $2,500, but nut to <br />exceed $10,000, the purchase may be made only after <br />obtaining two or more written quotations from suppliers <br />and the purchase shall be awarded by the City Council. <br />d) Purchases from $1,000 to $2,500. If the amount of*the <br />purchase is estimated to exceed $1,OCO, but not to <br />exceed $2,30, the purchase may be made only after <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 specifically <br />identified in the current year's adopted budget or if <br />not in the current year's budget the purchase shall be <br />awarded by the City Council. <br />e) Purchases under $1,000. If the amount of the purchase <br />3s estimated to be under $1,000, quotations are <br />encouraged but not required. The purchase may be <br />authorized by the head of the department for which <br />the expenditure has been budgeted. <br />2.02 FORMAL BIDS <br />All purchases which require advertisement and the receipt <br />of sealed bid, shall be awarded by the City Council. <br />2.01 STATEMENT OF GENERAL CONDITIONS <br />A statement of "General Conditions", as approved by the <br />City Council, may be included with all specifications sub- <br />mitted to suppliers for their bids. These general con- <br />ditions ntay be incorporated in all contracts awarded for <br />the purchase of supplies, equipment, nr services, <br />2.04 COMPLIANCE WITH LEGAL PROVISIONS <br />The purchasing procedures emFloyed shall comply with all <br />applicable laws and regulations of thi State and of the <br />City of Mounds View. <br />