§ 2-643. Multiyear contracts.

(a)

Specified period. A contract for procured items may be entered into for periods of not more than 25 years, if funds for the first fiscal year of the contemplated contract are available at the time of contracting. Payment and performance obligations for succeeding fiscal years shall be subject to the availability of funds and each such contract shall contain language to that effect (i.e. "Annual funding for this contract is contingent upon appropriation by Knox County Commission").

(b)

Determination prior to use. Prior to the utilization of a multiyear contract, a determination shall be made by the procurement director:

(1)

That estimated requirements covering the period of the contract are reasonably certain and continuing; and

(2)

That such a contract will serve the best interests of the county by encouraging effective competition or otherwise promoting economies in county procurement.

(c)

Cancellation due to unavailability of funds in succeeding years. When funds are not made available to support continuation of performance in a subsequent year of a multiyear contract, the contract for such subsequent year shall be cancelled.

(Ord. No. O-08-5-101, § 2(Exh. A), 6-23-08; Ord. No. O-10-11-101, § 1, 12-17-10; Ord. No. O-16-3-101 , § 1, 4-25-16)