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City AGENDA ITEM #10.1 <br /> Pettf <br /> Lakes <br /> REPORT TO <br /> CITY COUNCIL <br /> Report Prepared by: Sandy Peine, City Clerk <br /> Date: September 1, 2015 <br /> Subiect: City Purchasing Policy <br /> Report: The City's existing policy on purchasing requires <br /> department heads to receive quotes for items over $5,000. <br /> The proposed revisions to the City's policy follow State <br /> Law guidelines. In this policy, it would be at the discretion <br /> of the City as to whether quotes would be needed for <br /> purchases less than $25,000. This would give department <br /> heads more flexibility during the purchasing process. There <br /> are times when it does not make sense to obtain two quotes <br /> prior to a purchase. Especially when time is of the essence <br /> or there is a circumstance when it makes the most sense to <br /> make the purchase from a certain vendor. <br /> Purchases over $25,000 but under $100,000 will require a <br /> minimum of two quotes. The State Statute also requires the <br />