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(1) All public contracts shall be based upon competitive bidding except:

(a) Contracts made with other public agencies or the federal government;

(b) Contracts for any purchase of less than $2,500;

(c) Contracts for any item which is available only through one company; firm or individual.

(2) The board may by resolution exempt other public contracts from competitive bidding if it finds:

(a) It is unlikely that the exemption will encourage favoritism or substantially diminish competition in awarding the contract; and

(b) The exemption will result in substantial cost saving to the city.

(3) In making the finding required in subsection (2) of this section, the board may consider the type, cost and dollar amount of the contract, the number of persons available to bid, and such other factors as the board may deem appropriate. (Ord. 283 § 3, 1984; Ord. 226 § 3, 1977).