The City Manager shall cause all contracts to be executed and delivered for the Village, except contracts for annual audits which shall be executed by the Mayor, with the following limitations:
a) Unless already authorized within the appropriation budget adopted by Council pursuant to Section 6.3 of this Charter, no contract involving an expenditure of more than $10,000.00, shall be made unless authorized by ordinance.
b) No contract involving the expenditure of more than $50,000.00 for the construction, maintenance or repair of any public work or improvement by a private contractor shall be made, except after advertisement and the receipt of bids in writing, unless in case of an emergency which will not admit of delay; and, in such case, the City Manager shall report the facts to Council at its next meeting.
c) No contract for professional services, except as otherwise prescribed in this Charter, shall be made for a term longer than five years.
d) Council may, by ordinance or other measure, authorize the City Manager to contract for any governmental services, including the building, repair, and maintenance of streets and other public ways, to be rendered to the Village and its people for a period not exceeding five years. A contract for the furnishing of water authorized by ordinance or other measure of Council may be for a period not exceeding 25 years. Contracts for the provision of police and fire protection are governed by Article 9 of this Charter.
e) Council may, by ordinance or other measure passed with the vote of at least five members, authorize the disposition of any real property owned by the Village that Council deems unneeded for Village purposes, in the manner in which Council deems to be most beneficial to the Village.
f) All contracts entered into and obligations incurred by the Village or for its benefit prior to the taking effect of this Charter shall continue in full force and effect.