Federal Heights |
Code of Ordinances |
Chapter 2. ADMINISTRATION |
Article XII. FINANCE |
Division 2. PURCHASING |
§ 2-518. Multiyear contracts.
(a)
No contract for services or professional services, including all renewals, shall be made by the city for a period longer than five years, unless authorized by the city council.
(b)
Multiyear contracts shall be expressly contingent upon the annual budgeting and appropriation of sufficient funds on an annual basis or by nonlapsing appropriation.
(c)
When funds are not appropriated or otherwise made available to support the continuation of the city's performance in a subsequent fiscal period, the contract shall be canceled.
(Ord. No. 04-10, § 1(3-2-80), 8-17-2004)