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2 <br />New State Law <br />Competitive Bidding Update <br />Ordinance 18-2023 <br />¤Increases the threshold that municipalities can make <br />purchases without competitive bidding to $75,000 <br />¤$75,000 is effective through 2024 <br />¤Provides for a 3% increase each year thereafter, as <br />determined and published by the Ohio Department of <br />Commerce <br />Current Lakewood ThresholdsArea Comparison <br />City NameCompetitive Bidding Threshold <br />Avon$50,000, increasing to $75,000 <br />¤Purchases > $7,500 <br />Bay Village$50,000, increasing to $75,000 <br />Brecksville$50,000; increasing to $75,000 <br />¤Professional services > $5,000 <br />Fairview Park$50,000, increasing to $75,000 <br />Lakewood$5,000-$7,500 <br />North Olmsted$50,000 <br />¤Amounts exceeding these thresholds must go to the <br />Rocky River$50,000, increasing to $75,000 <br /> Board of Control (BOC) <br />Westlake$75,000 <br />¤BOC meets twice per month <br /> <br />