In no instance shall contracts be let for any project, improvement or purchase if bids are taken which exceed the estimate for the project, improvement or purchase contemplated by more than ten percent of the estimate. If bids for parts of the project, improvement or purchase are taken separately, contracts for those parts which do not exceed the estimate by more than ten percent may be let. The city's finance department shall advertise for and solicit formal bids for projects, improvements and purchases when required to do so by Sections 735.05, 735.051, 735.052 and 735.053 of the Ohio Revised Code, as presently enacted and as they may be amended from time to time by the General Assembly.
(Amended 11-6-90, Ord. No. 90-429, Yeas 8,768; Nays 8,532.)