The Village Administrator shall have the authority to provide approval authorization of recommendations for all formal bid waivers, award of formal sealed competitive bids, and award of request for proposals with monetary values not to exceed twenty thousand dollars ($20,000.00). The Village President and Board of Trustees shall provide authorization for values exceeding twenty thousand dollars ($20,000.00), or values below twenty thousand dollars ($20,000.00) as requested by the Village Administrator, of the award of formal sealed competitive bids and award of request for proposals. The Board of Trustees, by a vote of two-thirds (2/3) of all Trustees elected, may waive any and all requirements of section 3-1-3 or 3-1-4 of this chapter. (Ord. 2007-100, 10-18-2007; amd. 2011 Code)