1959ORDINANCE NO. ~ S`~
AN ORDINANCE WANING COMPETITIVE BIDDING FOR THE PURCHASE OF
THE PROPERTY AT 3405 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 3405 E. Polk was included in the grant application and meets
all FEMA requirements to be eligible for its program; and
WHEREAS, the house at 3405 E. Polk has been appraised for $68,000.00; and
WHEREAS, the owners of 3405 E. Polk, James and Minnie Cooper 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 $68,000.00
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 James and Minnie Cooper $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 3405
E. Polk and the owners, James and Minnie Cooper be paid the appraised
valuation of $68,000.00 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 James and Minnie
Cooper is hereby approved and the Mayor and the City Clerk are hereby
authorized to execute the necessary purchase contract.
PASSED AND APPROVED this ~1'h day of ~~-~ ~~ r , 2000.
,~ ~~~
WILLIAM H. JOHP ON, Mayor
ATTEST:
PHIL ,City Clerk
SPONSORED BY:
_~
RECEIVED
CITY CLERKS OFFICE
DATE Ib '2 -d O $ ~ So Cvk
FR OM ~,~ ~..rM/y
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