The purchasing officer may and hereby is granted authority to require a performance bond, before entering a contract, in such amount as he or she shall find reasonably necessary to protect the best interests of the city.
(1994 Code, § 5-415) (Ord. 404, passed 9-9-1985; Ord. 457, passed 10-4-1990; Ord. 775, passed 6-22-2015)