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2039ORDINANCE NO. a O3 `~ AN ORDINANCE WAIVING COMPETITIVE BIDDING FOR THE PURCHASE OF THE PROPERTY AT 511 AUBURN STREET DECLARING AN EMERGENCY, AND FOR OTHER PURPOSES 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 511 Auburn Street was included in the grant application and meets all FEMA requirements to be eligible for its program; and WHEREAS, the house at 511 Auburn Street has been appraised at $95,000; and WHEREAS, the Department. of Emergency Management for the State of Arkansas has authorized the City to offer the property owners, Rickey & Saundra Johnson, the appraised value of the property, less $1,68b that the State Office of Emergency Services has determined to be duplication of benefit. payments; and WHEREAS, the owners of 511 Auburn Street, Rickey & Saundra Johnson, have accepted the City's offer to purchase the property for $93,314, 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 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 511 Auburn Street, and the owners Rickey & Saundra Johnson be paid $93,314 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 Rickey & Saundra Johnson is hereby approved and the Mayor and the City Clerk are hereby authorized to execute the necessary purchase contract. 3. EMERGENCY CLAUSE: It having been found and determined by the City Council of the City of West Memphis, Arkansas, that there is an urgent need to complete this purchase as soon as possible so Mr. & Mrs. Johnson can meet the contract provisions necessary to finalize the purchase of their new home, and this Ordinance being necessary for the preservation of the public peace, health, safety, and welfare of the citizens of West Memphis, Arkansas, shall be in full force and effect. from and after the date of its passage and approval. PASSED AND APPROVED this 57~ day of ..~'~~~~ , 2002. WILLIAM H. JO SON, Mayor ATTEST: ---~ PHIL ,City Clerk S SO BY: L o~ v` RECEIVED CITY CLERKS OFFICE IoM ~