[HISTORY: Adopted by the Mayor and Council of the Borough of Red Bank by Ord. No. 75-26; amended by Ord. No. 1991-23 (Sec. 2-66 of the 1987 Revised General Ordinances). Subsequent amendments noted where applicable.]
This chapter shall be known and may be cited as the "Cooperative Pricing/Purchasing Ordinance of the Borough of Red Bank."
Pursuant to the provisions of N.J.S.A. 40A:11-11(5), the Borough of Red Bank, as a participating contracting unit, is hereby authorized to enter into a Cooperative Pricing/Purchasing Agreement with the County of Monmouth, as the lead agency, and other participating contracting units within the County of Monmouth for the purchase of selected work, materials and/or supplies.
The lead agency shall be responsible for complying with the Local Public Contracts Law (N.J.S.A. 40A:11-1 et seq.) and all other provisions of the Revised Statutes of the State of New Jersey, as to the bidding, award and execution of master contracts on behalf of itself and any participating contracting units, as well as for purchases made by the lead agency for its own needs under the master contract. Each respective participating contracting unit which chooses to purchase under a master contract shall be responsible to enter into a separate contract with the vendor, to certify the availability of funds, to issue purchase orders, to accept delivery and to make payment for those items purchased by that participating contracting unit for its own needs.