Unless otherwise limited by law, the term of a contract shall be as set forth in the contract, and may include extensions as authorized in the contract. The appropriate Contracting Officer may approve a multiyear contract, provided that the annual value of the multiyear contract does not exceed three (3) times the Contracting Officer's purchasing authority over the entire term of the contract. Otherwise, multiyear contracts shall be approved by the person designated in section 3-3-107 using the total value of the contract. (Ord. 06-O-2504, eff. 10-20-2006; amd. Ord. 21-O-2835, eff. 4-16-2021)