HomeMy WebLinkAboutDocumentation_Regular_Tab 10F_4/11/2002 (3) IL
F
MEMOAAND UM
DATE: APRIL 10,2002
TO: MICHAEL COUZZO,VILLAGE MANAGER
FROM: JOANN FORSYTHE,FINANCE DIRECTO
RE: Policy regarding making contracts on behalf of the Village
• Issue: According to the new Charter of the Village of Tequesta,the Village Manager can
make contracts on behalf of the Village provided that"no such contract shall obligate the
Village for a sum greater than allowed by ordinance..."
• Problem: At this time the Village does not have an ordinance regarding this matter.
• History: In the past, the Village Manager executed contracts for items less than $5,000.00
and presented them to Council after execution. Contracts greater than $5,000.00 were
brought to Council for approval prior to execution.
• Information: We discussed this matter with our auditors, Rachlin, Cohen & Holtz, and
asked them for the average range their clients used for allowing the Village Manager to
execute contracts prior to getting Council approval. I was informed that $5,000.00 to
$7.500.00 was an average range used by other municipalities.
• Recommendation: This item be brought before Council to determine to what dollar
amount the Village Manager can execute contracts prior to getting Council approval and
that an ordinance setting that level be brought before Council for approval.
4/10/024:18 PM