Other provisions of this article notwithstanding, in any instance that a purchase or contract is required under the provisions of this article to be made upon competitive bids, such purchase shall be made from, or contract executed with a vendor resident in the City, if such vendor's bid does not exceed the lowest qualified bid from a nonresident vendor by more than five percent (5%) of the latter bid, and if such resident vendor has made written claim for such preference at the time the bid was submitted.
A vendor shall be deemed to be a resident of the City if such vendor is an individual, partnership, association or corporation that maintains its headquarters or principal place of business within the City on the date on which the bid is submitted, and is current in all financial obligations to the City and has all licenses required by the City on the date on which the bid is submitted.
(Ord. 9870. Passed 10-8-91.)