Purchases of supplies, materials and equipment for the Municipality shall be made pursuant to the specifications through open competitive bidding under such rules, consistent with this Charter, as the Council may establish by ordinance. Formal bidding and public opening and tabulation of bids shall be required as to all such purchases estimated to exceed the amount specified for such procedure in Ohio R.C. 731.14 and any amendments thereto.
(Amended 6-6-78.)