1952ORDINANCE NO. I q ~a
AN ORDINANCE WAIVING COMPETITIVE BIDDING FOR THE PURCHASE OF THE
PROPERTY AT 3301 E. POLK
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, the Federal Emergency Management Agency (FEMA) has made grant funds
available for the acquisition of property in floodplains that have suffered repetitive flood losses; and
WHEREAS, the house at 3301 E. Polk was included in the grant application and meets all
FEMA requirements to be eligible for its program; and
WHEREAS, the house at 3301 E. Polk has been appraised for $56,000; and
WHEREAS, the owners of 3301 E. Polk, Earnest and Janie Gary have been made aware of the
FEMA program and have accepted the appraised valuation of the property; and
WHEREAS, the City of West Memphis wishes to purchase the property for $56,000 and to
demolish the house to remove it as a future potential repetitive flood loss in accordance with the
FEMA program; and
WHEREAS, The City of West Memphis wishes to pay Earnest and Janie Gary $2,000 moving
expenses and to pay all closing costs;
NOW, THEREFORE BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
WEST MEMPHIS, ARKANSAS:
That competitive bidding be waived for the purchase of the property at 3301
E. Polk and the owners, Earnest and Janie Gary be paid the appraised valuation
of $56,000 for the property, $2,000 in moving expenses, and the City of West
Memphis will pay all closing costs.
2. That the agreement between the City of West Memphis and Earnest and
Janie Gary is hereby approved and the Mayor and the City Clerk are hereby
authorized to execute the necessary purchase contract.
PASSED AND APPROVED this -~'~ day of S~P~"~~,b~e~' , 2000.
~'`~ -.~ ~ :~~'-r .tom----~
WILLIAM H. JO SON, Mayor
ATTEST:
°-°`~-
PHIL ,City Clerk
SPONSORED BY:
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CITY CLERKS OFFICE
DATE DO ~
FROM