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Ordinance No. 5-92-22 v ORDINANCE NO. 5-92-22 AN ORDINANCE AMENDING THE CODE OF ORDINANCES OF THE CITY OF ATLANTIC BEACH, FLORIDA, AMENDING CHAPTER 2, ADMINISTRATION, ARTICLE VII, FINANCE, DIVISION 2, PURCHASING, AMENDING SECTION 2-331, BIDS - WHEN REQUIRED, TO PROVIDE THAT FORMAL BIDS SHALL BE REQUIRED FOR PURCHASES OF SUPPLIES OR SERVICES FROM ENTERPRISE FUNDS IN EXCESS OF $5,000, AND PROVIDING AN EFFECTIVE DATE BE IT ORDAINED by the City Commission of the City of Atlantic Beach, Florida, as follows: Section 1. Chapter 2, Article VII, Division 2, Section 2-331 is hereby amended to read as follows: Section 3-331. Bids - When Required All supplies and contractual services, except for the Enterprise Funds or as otherwise provided in this division, when the estimated cost thereof shall exceed two thousand five hundred dollars ($2,500.00) shall be purchased by formal, written contract from the lowest responsible bidder after due notice inviting proposals. For the Enterprise Funds, all supplies and contractual services, when the estimated cost thereof shall exceed five thousand dollars ($5,000.00) , shall be purchased by formal, written contract from the lowest responsible bidder after due notice inviting proposals. Section 2. This ordinance shall take effect upon its final passage and adoption. Passed by the City Commission on First Reading this 23rd day of March , 1992 Passed by the City Commission on Second and " -ading this 3th day of April , 1992. AL AA /I Or Ai Add WI LIAM I. GULLIFO.4 Mayor/Presiding Oi .� ATTES T: MAUREEN KING City Clerk Approv'd as to f. i and correctness: C. JEN- ORI ESQUIRE ity Attor.