(A) The village hereby establishes a preference for local contracts who bid on village contracts. Such preference shall apply under the following terms and circumstances:
(1) The project or purchase is to be funded entirely by local monies, and not, in whole or in part, by state and/or federal monies; and
(2) The dollar amount of the bid submitted does not exceed the lowest dollar bid submitted by more than 5%.
(B) The local preference established herein, where applicable, shall be utilized by the village when awarding a contract, and shall be clearly stated in all legal advertisements or notices for bids, bid specifications, and any bidding instructions.
(Prior Code, § 30.03) (Ord. 2004-26, passed 9-21-2004)