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1951ORDINANCE NO. ~ q S ~ AN ORDINANCE WAIVING COMPETITIVE BIDDING ON PROPERTY INSURANCE FOR CITY BUILDINGS WITH THE HARTFORD INSURANCE COMPANY, ESTABLISHING AN EMERGENCY AND FOR OTHER PURPOSES. WHEREAS, Arkansas Code Annotated Section 14-58-303 allows waiving of competitive bidding in exceptional situations where such procedure is deemed not feasible or practical; and WHEREAS, there are many items necessary for the City's use where competitive bidding is deemed not feasible or practical; and WHEREAS, the Insurance Committee has recommended that the City obtain property insurance for the city buildings and contents through The Hartford Insurance Company and competitive bidding would not be feasible or practical; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF WEST MEMPHIS, ARKANSAS: 1. That competitive bidding be waived for the following item to be used by the City, described as follows: Property insurance for the city buildings and contents with The Hartford Insurance Company. Competitive bidding is being waived for the reason that the Insurance Committee has considered the terms of insurance policies and has recommended the property insurance policy of The Hartford Insurance Company and competitive bidding would not be feasible or practical. 2. EMERGENCY CLAUSE. It having been found and determined by the City Council of the City of West Memphis, Arkansas, that there is an urgent need for City of West Memphis to be provided property insurance coverage for the buildings and their contents, and the City's policy expired August 14, ?000, an emergency is hereby declared to exist, and this Ordinance being necessary for the preservation of the public peace, health, safety and welfare of the citizens of West Memphis, Arkansas, shall be in full force and effect from and after the date of its passage and approval. PASSED AND APPROVED this ~ day of ~~' , 2000. WILLIAIvI H. JOHN ON, Mayor ATTEST: i ~~ PHILI P , Crty Clerk SPONSORED BY: ~CEIV~~- CITY CLERKS OFFICE DATE ~" [7-dU /O: /S~~_ rri(~M ~;