This article shall be known and may be cited
as the "Cooperative Pricing Ordinance of the Borough of Franklin Lakes."
Pursuant to the provisions of N.J.S.A. 40A:11-11(5),
the Mayor is hereby authorized to enter into a cooperative pricing
agreement with the lead agency or any other contracting unit within the County of Bergen
or adjoining counties for the purchase of work, materials and supplies.
The lead agency entering into contracts on behalf
of the Borough of Franklin Lakes shall be responsible for complying
with the provisions of 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.