2034ORDINANCE NO. ~ ° 3 `~
AN ORDINANCE WANING COMPETITIVE BIDDING FOR THE
PURCHASE OF THE PROPERTY AT 517 AUBURN STREET
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 517 Auburn Street. was included in the grant application and
meets all FEMA requirements to be eligible for its program; and
WHEREAS, the house at 517 Auburn Street has been appraised for $87,000; and
WHEREAS, the Department of Emergency Management. for the State of Arkansas
has authorized the City to offer the property owners, Hoover & Suzanne Williams, the
appraised value of the property, with no duplication of benefits deduction; and
WHEREAS, the owners of 517 Auburn Street, Hoover & Suzanne Williams, have
accepted the City's offer to purchase the property for $87,000 and the City will pay all closing
costs; and
WHEREAS, the City of West Memphis will demolish the house to remove it as a
future potential repetitive flood loss in accordance with FEMA's Hazard Mitigation Grant
Program and will maintain the property as perpetual open space;
NOW, THEREFORE BE TT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF WEST MEMPHIS, ARKANSAS:
y
1. That competitive bidding be waived for the purchase of the property at 517
Auburn Street, and the owners, Hoover & Suzanne Williams be paid $87,000
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 Hoover & Suzanne
Williams is hereby approved and the Mayor and the City Clerk are hereby
authorized to execute the necessary purchase contract.
PASSED AND APPROVED this ~ S~ day of , 2002.
WILLIAM H. JOHNSO ,Mayor
ATTEST:
PHIL ,City Clerk
DECEIVED
CITY CLERKS OFFICE