In addition to provisions in city charter § 2.12, all multiple year contracts and agreements involving the payment of money from appropriations shall be approved by the city council. No contract involving the payment of money from appropriations shall extend past a five-year period but may have an option for renewal or renegotiation for up to a subsequent five-year period, subject to the approval of the council in office at the time of the option or renegotiations is put into effect. No contract, option or renegotiation shall be valid unless approved by the city council.
(1992 Code, § 34.5-1.2) (Ord. 75-11, passed 10-3-2011)