[HISTORY: Adopted by the Mayor and Council of the Borough
of Neptune City 3-9-1992 by Ord.
No. 1992-2. Amendments noted where applicable.]
This chapter shall be known and may be cited as the Cooperative
Pricing Ordinance of the Borough of Neptune City.
Pursuant to the provisions of N.J.S.A. 40A:11-11(5), the Borough
of Neptune City as a Participating Contracting Unit, is hereby authorized
to enter into a Cooperative Pricing 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.
