2042ORDINANCE NO. oZ ~ 4! a,
AN ORDINANCE WAIVING COMPETITIVE BIDDING FOR THE
PURCHASE OF THE PROPERTY AT 501 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 501 Auburn Street was included in the grant
application and meets all FEMA requirements to be eligible for its program; and
WHEREAS, the house at 501 Auburn Street has been appraised at $93,500; and
WHEREAS, the Department of Emergency Management for the State of
Arkansas has authorized the City to offer the property owners, Sterling & Sherrye
McVay, the appraised value of the property, with no deduction for duplication of benefit
payments; and
WHEREAS, the City wishes to purchase the house from the owners for the
appraised value of $93,500, 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
501 Auburn Street, and the owners Sterling & Sherrye McVay be paid
$93,500 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 Sterling &
Sherrye McVay 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. McVay 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 3 day of d~b 4Je. C' , 2002.
WILLIAM H. JOHN N, Mayor
ATTEST:
.~.--
PHIL ,City Clerk