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2087ORDINANCE NO. ~,Od'7 AN ORDINANCE WAIVING COMPETITIVE BIDDING ON GROUP HEALTH INSURANCE AND LIFE INSURANCE FOR CITY EMPLOYEES WITH INSUREX, Al'~D 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, there are many items necessary for the City's use where competitive bidding is deemed not feasible or practical; and WHEREAS, the Insurance Committee has recommended that the City obtain health and life insurance for City employees through Insurex and competitive bidding would not be feasible or practical; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF WEST MEMPHIS, ARKANSAS: 1. That cc~npetitive bidding be waived for the following item to be used by the City, described as follow,: Group health insurance and life insurance for city employees with Insurex. Competitive bidding is being waived for the reason that the Insurance Committee has considered the terms of insurance policies and has recommended the group health insurance policy and the life insurance policy of Insurex and competitive bidding would not be feasible or practical. PASSED ~~ND APPROVED this y~~ da_y of D~cern~~eC- , 2003. WILLIAM H. JO ON, Mayor ATT PHIL , l:'ity Clerk SPONSORED BY EDEIVED ~~~~~ ~l~rk's Office By A~~ a ,.~~____