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HomeMy Public PortalAboutResolution #2016-01, A Resolution Establishing A City Of Riverdale Procurement Policy RESOLUTION 2016- 1 A RESOLUTION ESTABLISHING A CITY OF RIVERDALE PROCUREMENT POLICY WHEREAS,the City of Riverdale,Iowa("City")is a Municipal Corporation, organized and operating under the laws of the State of Iowa; WHEREAS,the City Council has the right and obligation to adopt rules of procedure; and; WHEREAS,the City Council desires to create a Procurement Policy for the purpose of ensuring that sound business judgment is utilized in procurement transactions; WHEREAS,the City will use the thresholds as outlined in Iowa Code to determining when to seek bids or quotes for public improvement projects and large purchases; SECTION 1—METHODS OF PROCUREMENT A. All Bids and Quotes will be considered sealed until the bid closing date has passed. B. A minimum of 2 bids or quotes will be obtained for all equipment purchases over$10,000. C. The competitive bid process as outlined in the Iowa Code will be used for all purchases and projects that exceed or meet the threshold as published by Iowa Code. NOW THEREFORE,BE IT RESOLVED,by the City Council of the City of Riverdale,Iowa: Aye: Channon,Hupp,Littrel, Halsey Nay: Seaberg Absent: None Passed and approved this 16th day of February,2016. t Sonya Pad"ck,Mayor ATTEST: eslyctic4,01, Paula McIntosh,City Clerk/Treasurer Page 1of1 "Aa ��s..:':. *, kPi-MiAt:*rtatik '"._f"� a,kttt�`w�i.,e_dig,s'"`w*rg"&Z.s>:r,. c:,-Ys.%.j,:w��� �::4tgt�;a`�o�r4ArzkilP x��r'�-"..f.��".Rt"�a.�a.c���`"gitiai';` 5ititati�. "�`. �.,�R,�"�.Pz } `' �#+a:+.a