AN ORDINANCE

BY:
NO.
AMENDING SECTION 145.04, FORMAL BIDDING PROCEDURES, OF THE OAKWOOD ADMINISTRATIVE CODE TO CLARIFY THAT CERTAIN BROKERED PURCHASES AND CONTRACTS ARE EXEMPT FROM FORMAL BIDDING REQUIREMENTS.
WHEREAS, Chapter 145 of the Oakwood Administrative Code governs all city purchases and contracts, and is intended as an exercise of the City’s power of local self-government pursuant to Section 1.02 of the City Charter and Section 3, Article XVIII of the Constitution of the State of Ohio; and
WHEREAS, Administrative Code Section 145.04(E) provides an exception to formal bidding requirements for certain kinds of purchases and contracts, where, because of the nature of such purchase or contract, there are inherent assurances to ensure fair and reasonable pricing and the prudent, responsible use of public resources; and
WHEREAS, the city has a long-standing practice of obtaining insurance and other employee benefits through the services of brokers who are familiar with the local market and who, by contract with the city, have a fiduciary duty to act in the best interests of the city; and
WHEREAS, these broker service contracts have always been exempt from competitive bidding as contracts for professional or personal services, but the Law Director has recommended a clarification to ensure that the underlying employee benefit contracts are also clearly exempted; and
WHEREAS, Council accepts the Law Director’s recommendation and desires to amend Section 145.04(E) accordingly;
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF OAKWOOD, STATE OF OHIO, THAT:
SECTION I.
Section 145.04, Formal Bidding Procedures, of the Oakwood Administrative Code, is hereby amended to read as follows, with new text in bold font and deleted text in strikethrough font:
145.04 FORMAL BIDDING PROCEDURES