(A) The city shall not award a contract for any procurement when the contract price would exceed the funds appropriated for the procurement by the legislative body.
(B) If all bids received in response to an invitation exceed the amount appropriated for the procurement and sufficient additional funds are not authorized to permit an award to the lowest responsive and responsible bidder. The Mayor shall proceed with competitive negotiations in accordance with KRS 45A.375.
(C) An invitation for bids or requests for proposals may be advertised in anticipation of an appropriation provided such invitation or request clearly states that funds for the procurement while anticipated have not been appropriated.
(D) The Mayor may award a contract for the procurement of supplies, equipment or services for a period that exceeds the fiscal year provided the contract permits cancellation without penalty in the event that funds for the contract are not appropriated for any succeeding year.
(Ord. 79-336, passed - - )