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Resolution No. 5502 8 RESOLUTION NO. 5502 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS, CALIFORNIA, ESTABLISHING AN AMOUNT AT WHICH BIDDING IS NOT REQUIRED PURSUANT TO SECTION 21A-10 OF THE CODE OF THE CITY OF CYPRESS. WHEREAS, State law and Section 21A-10(b) authorizes the City Council by Resolution to determine a dollar amount at which the cost of bidding exceeds the benefit to the City; and WHEREAS, the City Council last considered this dollar amount in January, 1992; and WHEREAS, inflation and the cost of living have greatly reduced the practicality of the prior limit; and WHEREAS, frequently the cost of preparing the necessary bid documents exceeds the cost savings of receiving informal bids. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF CYPRESS, CALIFORNIA, DOES HEREBY RESOLVE, DETERMINE, AND ORDER AS FOLLOWS: SECTION 1. Bidding shall not be required for the purchase or acquisition of any supply or equipment with an estimated value of less than two thousand five hundred dollars ($2,500.00). SECTION 2. Bidding shall not be required for the purchase of services with an estimated value of less than five thousand dollars ($5,000.00). SECTION 3. Any prior Resolution of policy adopted, which is in conflict herewith, is hereby superseded and repealed. SECTION 4. The City Clerk shall certify as to the adoption of this Resolution. PASSED AND ADOPTED by the City Council of the City of Cypress, California, at a regular meeting held on the 13th day of November, 2001. 14-4 Ø4 'cN MAYOR OF THE CITY OF CYPRESS ATTEST: • , 1 CLERK OF TH ITY OF CYPRESS STATE OF CALIFORNIA )ss COUNTY OF ORANGE ) I, JILL INGRAM-GUERTIN City Clerk of the City of Cypress, California, DO HEREBY CERTIFY that the foregoing Resolution was duly adopted at a regular meeting of the said City Council held on the 13th day of November, 2001, by the following roll call vote: AYES: 5 COUNCILMEMBERS: Keenan, McCoy, Piercy, Sondhi, and McGill NOES: 0 COUNCILMEMBERS: None ABSENT: 0 COUNCILMEMBERS: None C TY CLERK OFT CITY OF CYPRESS