SECTION 1. No contract shall be entered into by the Village for the making of any public improvement, performing any construction work or for the purchase of any materials, tools, apparatus or any other thing or things, the consideration or cost of which shall exceed $20,000.00, without specifications being prepared and published advertisement made for sealed proposals thereon. Upon the vote of at least five (5) Council members determining that it is not necessary to securing sealed competitive proposals, the requirement for published advertisement may be waived. The Village shall have the right to reject any or all such proposals. (Section 1 as amended March 8, 1982 and September 13, 2005)
SECTION 2. Subject to the provisions of the Charter, the Village may through its departments, officers and employees perform public work of all kinds or it may let any of such work by contract. (Section 2 as amended September 13, 2005)
SECTION 3. No public improvement, costing more than $20,000, shall be contracted for or commenced until drawings, profiles and estimates for same shall have been submitted to the Council and approved by it; and the same or a copy thereof shall thereafter remain on file in the Office of the Village Clerk subject to inspection of the public. (Section 3 as amended September 13, 2005)
SECTION 4. No member of the Council shall vote for the authorization of any contract with or for the village, or for the expenditure of any money on the part of the Village, if he shall be financially interested in the proceeds of such contract or in the money so expended.