A. Purchases, sales, or contracts authorized by KIBC 3.30.010 having an estimated value less than $25,000 shall be made in the open market without newspaper advertisement.

B. Market purchases, sales, and contracts for over $500.00 shall, whenever possible, be based on at least two quotes and shall be awarded to the lowest responsible bidder, or in the case of a sale, to the highest responsible bidder, except a local preference for purchasing shall be allowed for purchases of $25,000 or less if that bid does not exceed the lowest responsible bid by more than 10 percent.

C. The manager, or authorized designee, may solicit oral or written bids for open market purchases or sales, and shall maintain a record of all bids received.

D. The sale of all surplus, obsolete, or unusable personal property shall be advertised by electronic means or in a newspaper of general circulation in the borough unless authorized to the contrary by the assembly.

E. The purchase of utilities is exempt from this section. [Ord. FY2022-20 § 2, 2022; Ord. FY2013-11 §2, 2013; Ord. 2004-02 §4; Ord. 00-04 §2, 2000; Ord. 98-03 §2, 1998; Ord. 86-49-O §2, 1986; Ord. 81-20-O, 1981; Ord. 76-6-O §1, 1976. Formerly §3.16.030].