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2017ORDINANCE NO. a O L ? AN ORDINANCE WAIVING COMPETITIVE BIDDING FOR THE PURCHASE OF THE PROPERTY AT 3505 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 lasses; and WHEREAS, the house at 3505 E. Palk was included in the grant application and meets all FEMA requirements to be eligible for its program; and WHEREAS, the house at 3505 E. Polk has been appraised for $23,000; and WHEREAS, the owners of 3505 E. Polk, Reverend Henry & Carolyn Showers 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 $23,000 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 Reverend Henry & Carolyn Showers the appraised value of the house, $2,000 moving expense, and the City will pay all 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 3505 E. Polk and the owners of the property, Reverend Henry & Carolyn Showers be paid the appraised valuation of $23,000 for the property, $2,000 for moving expenses, and the City of West Memphis will pay all closing costs. 2. That the agreement between the City of West Memphis and Reverend Henry & Carolyn Showers 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 ~~;3R ~ Aey , 2002. Wiz.-- l WILLIAM H. JOHNSO ,Mayor ATTEST: PHIL ,City Clerk RECEIVED cmrcxr~csa~aE ~~~t.~..:_~F~. ~. 4 : 3 n ~.. `~ SPONSORED BY: