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Why Action is Necessary: <br />Pursuant to Chapter 62, Section 62-6, Purchasing limitations; effect on competitive bidding <br />requirement, (B) Purchases more than $2,500.00 but less than $50,000.00. Purchases of, or contracts <br />for, materials, supplies, equipment, improvements or services for which funds are provided in the <br />budget, where the total amount to be expended is in excess of $2,500.00, but which do not exceed <br />$50,000.00 may be made, or entered into, by the City Manager without submittal to the City <br />Commission, but shall require compliance with the informal competitive bidding requirements set forth <br />in §§ 62-6 and 62-7 of this chapter. Single purchases or contracts in excess of $50,000.00 shall not be <br />broken down to amounts less than $50,000.00 to avoid the requirements of this section. <br />FUNDING SOURCE: <br />Funding is available in the FY 25-26 adopted operating budgets throughout the city departments. <br />Blanket Purchase orders are subject to the adoption of the budget by the City Commission. <br />ATTACHMENTS: <br />Resolution <br />List of Vendors for Fiscal Year 25-26 <br />Item Number: 9.N <br />474 <br />