2002ORDINANCE NO. ~b
AN ORDINANCE WAIVING COMPETITIVE BIDDING FOR THE PURCHASE
OF THE PROPERTY AT 3403 EAST 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 3403 E. Polk was included in the grant application and
meets all FEMA requirements to be eligible for its program; and
WHEREAS, the house at 3403 E. Polk has been appraised for $16,000; and
WHEREAS, the guardian of 3403 E. Polk, Fred Thorne has been made aware of the
FEMA program and has accepted the appraised valuation of the property; and
WHEREAS, the City of West Memphis wishes to purchase the property for $16,000
and to demolish the house to remove it as a future potential repetitive flood Ioss in
accordance with the FEMA program; and
WHEREAS, The City of West Memphis wishes to pay Fred Thorne the appraised
value of the house as well as aII closing costs;
NOW, THEREFORE BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF WEST MEMPHIS, ARKANSAS:
1. That competitive bidding be waived for the purchase of the property at 3403
E. Polk and the guardian of the property, Fred Thorne, be paid the appraised
valuation of $16,000 for the property, and the City of West Memphis will pay
all closing costs.
2. That the agreement between the City of West Memphis and Fred Thorne 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 ~C--~ ~p r' , 2001.
WILLIAM H. JOHNSO ,Mayor
ATTEST:
PHILIP ity Clerk
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