2061ORDINANCE NO. O C~
AN ORDINANCE WAIVING COMPETITIVE BIDDING FOR THE
PURCHASE OF THE PROPERTY AT 503 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 properly in floodplains that have suffered
repetitive flood losses; and
WHEREAS, the house at 503 Auburn Street was included in the grant
application and meets all FEMA requirements to be eligible for its program; and
WHEREAS, the house at 503 Auburn Street has been valued for $38,500; and
WHEREAS, the Department of Emergency Management for the State of
Arkansas has authorized the City to offer the property owner, National Bank of
Commerce $38,500, with no duplication of benefits deduction; 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
503 Auburn Street, and the owner, National Bank of Commerce be paid
$38,500 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 National Bank
of Commerce 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 to remove this
property as a repetitive loss and to prevent any future damage from flood
waters, 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 ~ day of ~ ~ N y ~ y , 2003.
Ul ~o.c.,o-._ 1 _ (4 u.c.~~
WILLIAM H. JO SON, Mayor
ATTEST:
P ,City Clerk - `~' ~°-~ ~ ~`~ ~ "~''
CITY CLERKS OFFICE
DATE/TIME ~3 n8'"-,~, ~~m
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